Wednesday: Markets rally on Fed comments
Oct 10, 2023•10 min
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Episode description
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.
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