Friday: US GDP stronger than expected
US GDP growth beats expectations. Tonight’s US inflation data could take the Fed within touching distance of 2% inflation. The Nikkei falls the most in eight years. South Korea’s GDP contracts, making an early rate cut more possible. In our bonus deep dive interview ANZ Economist Bansi Madhavani outlines why a September rate cut by the Bank of England is looking more likely than an earlier move in August. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/