Thursday: Strong CPI hits US rate cut hopes
Apr 10, 2024•10 min
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Episode description
A strong US CPI has pushed back expectations for a fully-priced rate cut by the Fed from July to November. US Treasury yields are up 20 basis points and US stocks fell. The Aussie and Kiwi dollars have fallen more than 1% this morning.
In our bonus deep dive interview, ANZ Chief Economist for Southeast Asia and India, Sanjay Mathur, has reviewed March PMI data for Asia’s main economies (ex-China), and says India’s exceptionalism showed through.
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