Tuesday: US 50bps rate cut bets evaporate
Oil is up another 3% on fears of escalating Middle East conflict; Friday’s bumper US jobs report has seen bets for a 50 basis point cut by the Fed in November evaporate; And China’s stock market braces for a renewed surge after the Golden Week holidays. In our bonus Deep Dive interview, ANZ Economist Henry Russell says there are signs the Reserve Bank of New Zealand’s August rate cut may have already spurred some housing market activity. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/