Daily FNArena News - FYI

That’s not volatility. This is volatility! The Dow managed to rally 77 points in early trade last night before losing the plot and falling 182 points from its high.

After 17 consecutive rate hikes the Fed did what most were expecting – nothing. However, the language suggested this may only be a brief hiatus. Wall Street took profits.

FTTN has supposedly been binned. The latest backward step in the battle between an arrogant telco and an incompetent government.

The Bank of Italy is the latest central bank to show it is switching foreign currency reserves out of the US dollar, suggesting further weakness is ahead for the greenback.

It was a rollicking ride for the Dow last night on mixed earnings reports, but across the Atlantic the Bank of England shocked markets. And there was more.

TD Securities hosted an economic forum on Thursday featuring a key-note address from the chief economist at S&P, and a panel of economic experts. The discussion was nothing if not lively.

Weekly musings from your editor.

No cut in NZ interest rates is now expected until next year, although given the latest figures, it may be a little further away than previously expected.

While Australia faces at least one rate hike it is becoming more likely that the Fed will go on hold.

Weekly musings from your editor.