Wednesday: Powell cites inflation progress
Jul 02, 2024•9 min
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Episode description
Fed Chair Jerome Powell supports rate cut bets by citing progress on inflation and jobs, although stronger jobs data tempers the market reaction. The RBA’s board minutes show a hike is on the table, and New Zealand price pressures ease.
In our bonus deep dive interview, ANZ Senior Commodity Analyst Daniel Hynes looks at how commodity prices are generally boosted during rate cutting cycles.
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