ON THE MONEY: Staying lower for longer
US Federal Reserve governor Lael Brainard outlines the ‘new normal' case against raising rates too soon. With special feature audio.
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Hawke’s Bay
Financial markets have recently experienced substantial volatility over the outlook for US monetary policy.
The prospect of US interest rates increasing sooner rather than later this year has caused markets for shares and bonds to fluctuate.
Bonds are vulnerable because their yields have
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ON THE MONEY: Staying lower for longer
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