Hot war spread to reignite inflation risks
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Kia ora.
Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from interest.co.nz.
Today we lead with news the US and the world are facing a new jolt of inflation as the hot war activity spread. The US central bank response? ignore the risks and pretend things will return to normal soon.
But first, US mortgage applications fell sharply last week, their largest dip since mid-May, and driven by a -10% fall in…
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