90 seconds at 9am: Fed may print for longer; Hotchin prefers Pizza Hut to Hell

Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that US home resales rose a surprising 10.1% last month, which helped boost Wall St overnight.

However, a Federal Reserve President James Bullard also said the Fed may have to keep buying bonds or printing money for longer, Bloomberg reported. This drove the US dollar down and pushed up the gold price to a record US$1,174/oz.

The New Zealand dollar nudged over 73 USc as the US dollar continued to weaken. Meanwhile net migration figures out yesterday showed net migration rose, mainly because fewer New Zealanders are leaving to live in Australia.

Meanwhile, Hell Pizza advertised their 'Greed' pizza outside Mark Hotchin's Paritai Dr mansion, Stuff reported. He prefers Pizza Hut apparently.

Category:

News & Politics

Tags:

• Bernard Hickey
• Mark Hotchin
• Hanover Finance
• Hell Pizza