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RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
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The Federal Reserve increased its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00%, so signaling its first rate increase since July 2023. The decision reflected continuous inflationary pressure as the FOMC noted strong productivity growth, robust domestic spending, a stable labour market, and ongoing economic activity.
Emphasizing during the press conference that inflation was still too high, Fed Chair Kevin Warsh said the main goal of the central bank right now was bringing inflation back to its 2% target by restoring price stability. The decision suggests a more hawkish attitude, which could help the US dollar and Treasury yields but also puts pressure on risky assets like stocks, emerging-market currencies, and cryptocurrencies.
