Wednesday: Australian deficits better than expected

Australia forecasts budget deficits for the next four years, but they’re better than expected as savings allow for higher spending. Oil prices rise 3% and stocks fall as concerns grow over the US-Iran ceasefire. And US inflation rises in April. In our deep-dive interview, ANZ Head of G3 Economics Brian Martin says the US labour market remains structurally weak, keeping wage growth and inflation pressures down. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/