Monday: S&P at record despite Fed cut bets retreating
The S&P 500 starts the week fresh after hitting a new record high on Friday. China’s GDP beats expectations, but a big fourth quarter jump is required to hit the official target. Japan’s core inflation continues to support cautious BoJ rate hikes. ANZ Head of G3 Economics Brian Martin reviews the key September economic data prints in the US to explain why market pricing for November and December rate cuts by the US Fed are starting to be dialled back. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/