Thursday: Fed holds, cites lack of progress towards 2%

The US Federal Reserve has kept rates on hold and signaled a lack of progress towards its 2% inflation goal in recent months. New Zealand’s labour market weakens, but wage growth is still high. The copper price has been on a roll in 2024. In our bonus deep dive interview, ANZ Economist Arindam Chakraborty looks at how non-China Asia exports have been supported this year by strong US demand.  Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/