Tuesday: US rate cut bets retreat

Treasury yields are jumping as strong US manufacturing data increases doubt about a rate cut by the Fed in June. That broke a surge in the Gold price, which had earlier hit a new high overnight. China’s manufacturing activity is also on the rise.

In our bonus deep dive interview, ANZ Head of G3 Economics Brian Martin, says this quarter’s data is where the rubber will meet the road for whether central banks can cut rates this year.

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