🚨 Alert of The Week 🚨
🇳🇿 NZ Official Cash Rate - 29 November 2023
Recent market speculation suggesting a shift towards OCR cuts in 2024, there will be increased interest in the interest rate outlook for that year. We anticipate the RBNZ to present a marginally less steep OCR profile, signaling a stance of maintaining current rates throughout 2024.
🛢 OPEC-JMMC Meetings - 30 November 2023
The outcome of the OPEC+ meeting will be crucial for the oil market, as it will signal the group’s willingness and ability to balance supply and demand in a challenging environment. A failure to reach a consensus could trigger a sharp sell-off in oil prices, while a surprise announcement of deeper cuts could spark a rally.
🇺🇸 US Core PCE Price Index m/m - 30 November 2023
The US will release its core PCE price index for October on Wednesday, November 29, 2023, which is the Fed’s preferred measure of inflation. The index is expected to rise by 0.2% month-on-month and 2.0% year-on-year, matching the Fed’s target
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