Thursday: US Fed to cut rates this year

Jerome Powell say the Fed can cut rates this year, sending stocks up and Treasury yields down. Australian growth may be bottoming out. Gold rose over US$2,150/oz to a new record highs overnight. All eyes are on the ECB rates decision tonight. In our bonus deep dive interview, ANZ Senior International Economist Tom Kenny reviews the most recent fiscal projections for the US Government and explains how political polarisation is affecting the US’s credit rating.  Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/