Wednesday: Firmer US CPI delays Fed cut views

US prices grew faster than expected in January, reducing hopes for a March rate cut by the US Federal Reserve. The strong reading sent stock markets down, while US bond yields and the US dollar surged. In our bonus deep dive interview, ANZ Economist Arindam Chakraborty looks at how a US ‘friendshoring’ pivot away from China is pushing up US costs and prices. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/