UK Inflation and RBNZ Surprise Ahead of Fed Minutes Release.The Wednesday Market Oulook with Zain Vawda gives a report on the latest changes in the financial markets, providing timely fundamental, economic and technical analysis and a close examination of promising chart formations with live currency quotes which you can look foward to.

00:00 – Introduction
00:47 – RBNZ
02:45 – Market outlook

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Inflation is a term used to describe the rate at which prices of goods and services increase over a period. Inflation is generally seen as a negative force in the economy, as it reduces the purchasing power of money. In the UK, inflation has been on the rise for some time now, causing concern among policymakers and consumers alike.

Recently, there has been a surprise development in New Zealand, where the Reserve Bank of New Zealand (RBNZ) unexpectedly raised its interest rates. This move has sent shockwaves throughout the global financial markets, causing investors to speculate about the future policy decisions of other central banks, including the US Federal Reserve.

The RBNZ’s decision to raise interest rates was made in response to a stronger than expected economic recovery in New Zealand. The move was seen as a preemptive measure to prevent inflation from getting out of hand. The RBNZ’s decision is likely to have an impact on other central banks around the world, as they consider their own inflationary pressures.

In the UK, inflation has been rising steadily in recent months. The inflation rate for June 2021 was 2.5%, up from 2.1% in May. The Bank of England has stated that it expects inflation to rise further in the coming months before stabilizing at around 2%. This is of concern to consumers, who are already facing rising prices for goods and services.

The Bank of England has indicated that it will keep a close eye on inflation and adjust policy accordingly. There are concerns that a rise in interest rates could have a negative impact on the fragile economic recovery from the COVID-19 pandemic. However, failure to control inflation could lead to long-term economic damage.

The surprise decision by the RBNZ to raise interest rates has added an element of uncertainty to the global financial markets. Investors are now watching closely for any signals from other central banks, including the US Federal Reserve, about future policy decisions.

The minutes of the Federal Reserve’s June meeting are due to be released on Wednesday, July 7th. This release will be closely watched by investors for any indications about the Fed’s future policy decisions regarding inflation and interest rates.

In conclusion, inflation is a major concern in the UK and globally. The RBNZ’s unexpected move to raise interest rates has added uncertainty to the financial markets, and investors are now watching closely for any signals from other central banks. The release of the Fed’s meeting minutes on July 7th will provide further insight into the global policy response to rising inflation.