New Zealand Gross Domestic Product (QoQ) above expectations (0.1%) in 2Q: Actual (0.2%)

The Fed raised rates by a quarter point to 3.75-4.00% on Wednesday, the first hike since 2023, and the vote was 12-0. The middle of the new range is 3.875%, which puts US rates above the UK's 3.75% for the first time this year.