A shutdown of US Government spending was averted at the last minute. US inflation data was benign ahead of key non-farm-payrolls data on Friday.
In our bonus deep-dive interview, ANZ’s Pacific Economist Kishti Sen looks at how the Pacific’s $1.6 billion infrastructure deficit could be solved.
5 things to know
Congress voted on Saturday night to avert a US Goverment shutdown for 45 days. The Fed’s favourite inflation measure was benign on Friday night.
ANZ’s Senior Strategist David Croy says markets are expecting US jobs growth of 170,000 in September, down from 187,000 in August.
Markets are watching for threats of intervention as the yen nudges ever closer to 150. David says US dollar strength shouldn’t be ignored either.
ANZ’s Head of Australia Economics Adam Boyton is looking for a ‘hawkish hold’ from the RBA on Tuesday, with no rate cut until late 2024.
Australian private sector credit growth edged up to 0.4% in August from 0.3% in June and July, but annual growth remains modest at 5.1%, says ANZ Australia’s Senior Economist Adelaide Timbrell.
Cheers
Bernard
PS: Look out for a preview tomorrow of the RBNZ’s rates decision due on Wednesday.
