Two Federal Reserve Governors dissented from the move, arguing a less aggressive move was needed because of inflation risks.
The 75 basis point move was slightly less than some of the more worried investors on Wall St had hoped for.
The New Zealand dollar dipped to 81.1 US cents to 80.6 US cents as the cut was marginally less than expected and therefore New Zealand's interest rate advantage was less than expected.
Two Federal Reserve Governors dissented from the move, arguing a less aggressive move was needed because of inflation risks.
The 75 basis point move was slightly less than some of the more worried investors on Wall St had hoped for.
The New Zealand dollar dipped to 81.1 US cents to 80.6 US cents as the cut was marginally less than expected and therefore New Zealand's interest rate advantage was less than expected.
ofInterestNZ 3 years ago