Advertisement
New Zealand markets closed
  • NZX 50

    11,817.91
    +89.90 (+0.77%)
     
  • NZD/USD

    0.6057
    -0.0029 (-0.47%)
     
  • ALL ORDS

    7,957.80
    +32.60 (+0.41%)
     
  • OIL

    82.54
    -0.18 (-0.22%)
     
  • GOLD

    2,159.10
    -5.20 (-0.24%)
     

Fed could be 'more aggressive' on tapering -strategist

"The market believes that the Fed could continue to be more aggressive on tapering," said Pai.

Federal Reserve policymakers look likely to accelerate the wind-down of their bond-buying program when they meet later this month as they respond to a tightening labor market and move to open the door to earlier rate hikes than they had projected.