Wednesday: Stocks fall on rate cut caution

Global stock markets weakened overnight on further evidence that interest rates might stay higher for longer. Oil hit its highest price since October last year on fears around global supply, and Australian house prices continue their march upward. In our bonus deep dive interview, ANZ Head of G3 Economics Brian Martin, says the US Federal Reserve and the ECB won’t want real interest rates to rise as inflation falls. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/