Thursday: US factories humming on IRA, CHIPS

US industrial production data was much stronger than expected overnight. The RBNZ held its cash rate, but hinted it may have to do a bit more inflation fighting. In our bonus deep-dive interview, ANZ’s Head of Australian Economics Adam Boyton looks at the contest that will play out between stronger real wages as inflation falls, and higher real interest rates, also on that falling inflation. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/