Following global inflation peaking at the end of 2022, US interest rates had descended by November of that year.
However, these interest rates have been spiking up again, to the confusion of economists.
Fisher Funds senior portfolio manager Sam Dickie says the US managed to escape a recession- and that's making the Federal Reserve evaluate future hikes.
LISTEN ABOVE

Enda Brady: UK correspondent on the additional calls for Sir Keir Starmer to resign
04:23

Paul Bloxham: HSBC Chief Economist ahead of Australia's 2026 federal budget
04:17

Jamie Mackay: The Country host on what the latest Rabobank agribusiness monthly report means for Kiwi farmers
04:46