The US Federal Reserve surprised economists with its first interest rate cut in four years.

Rates have gone down by 0.5 percent to about 4.8 percent - a significant shift after two years of high rates designed to tame inflation.

Fisher Funds expert Sam Dickie says the markets responded well to this move after pricing in potential cuts. 

LISTEN ABOVE

The US Federal Reserve surprised economists with its first interest rate cut in four years.
Rates have gone down by 0.5 percent to about 4.8 percent - a significant shift after two years of high rates designed to tame inflation.
Fisher Funds expert Sam Dickie says the markets responded well to this move after pricing in potential cuts. 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Sam Dickie: Fisher Funds expert on the US Federal Reserve cutting interest rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/be115a22-a240-41e3-acca-b1f0008dfe02/transcript

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