An unusual split has opened up on the Fed’s rate-setting committee, which means a rate cut is possible later this month. China’s economy is proving resilient to Trump’s tariff talk. And New Zealand business confidence improves, but it’s still tough.
In our deep dive interview, ANZ Group Chief Economist Richard Yetsenga and Economist Sophia Angala analyse the growth opportunities for Australia’s First Nations economy.
5 things to know in 5 minutes:
ANZ Senior International Economist Tom Kenny says an unusual split has opened up on the Fed Open Markets Committee, with two governors saying they are open to cutting in this month’s meeting.
China’s Purchasing Manager Indices data for June yesterday showed the factory and services sectors coping remarkably well with the trade dramas, says ANZ’s Chief Economist for Greater China Raymond Yeung.
ANZ’s business confidence survey in New Zealand for June showed a rebound in expectations for the year ahead, but actual conditions in the economy over the last month remained tough, says ANZ New Zealand Chief Economist Sharon Zollner says.
Sharon says recent turmoil overseas punctured confidence after a sharp rise last year.
Australia’s business lending growth slowed in May, says ANZ Economist Maddy Dunk.
Cheers,
Bernard.
PS: Catch you tomorrow with the rest of this deep dive into Australia’s First Nations Economy.
