Thursday: Stronger US inflation reduces bets of larger rate cut

US core inflation is stronger than expected in August causing markets to reduce bets for a 50 basis point cut by the Federal Reserve, the Yen hit its strongest 2024 level against the US dollar, and Australia’s strong labour market continues to surprise the RBA. In our bonus Deep Dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur reviews the potential impact for businesses of expected rate cuts in Indonesia, the Philippines and South Korea this year. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/