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Finance & Markets

Treasury Market Still Functioning, Fed's Kashkari Says

Federal Reserve Bank of Minneapolis President Neel Kashkari has played down concerns over rising US Treasury yields, saying markets are functioning well. His most recent statements come after Treasury Secretary Scott Bessent announced a plan to buy back long-term US debt. Bloomberg Mark Cranfield has the context. (Source: Bloomberg)

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US-Iran war wounds NZ consumer spending

Local consumer spending has been a clear casualty of the US-Iran war, as well as the resulting surge in fuel prices.

  • US-Iran conflict leads to 0.5% decline in New Zealand consumer spending
  • Fuel prices surge 20% for petrol, 48% for diesel, boosting spending
  • Fuel purchases drop 13%, while electronics sales rise 9%

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