Wednesday: Markets rally on Fed comments
Stocks and bonds rallied globally this morning after a Fed official said rates wouldn’t have to rise again. The A$ and NZ$ rose to multi-week highs vs the US$, helped by a report China is planning US$137b of new infrastructure spending. In our bonus deep-dive interview, ANZ Asia Economist Krystal Tan explains how high oil prices for longer will hit some Asian economies more than others. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/