Wednesday: US core CPI higher-than-expected
US core inflation was stronger than expected in February. Bond yields rose, but stock markets shrugged it off. India’s CPI was held up by food prices. Australian businesses see price rises, while consumers feel better. New Zealand retail spending drops. In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung explains how China’s property supply is running well ahead of demand, with three-and-a-half years worth of unsold residential property piling up as demand weakens. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/