Wednesday: Strong CPI lifts US 10-year over 5%

US inflation is hotter than expected and a Fed Governor says a 50 basis point hike might be needed next month. Australian business confidence slides to a six-year low, but New Zealand traffic data suggests firmer GDP. And China stocks up again on oil. In our deep-dive interview, ANZ Economist Sophia Angala looks at how Australian consumer confidence has reacted to rate hikes. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/