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Daily Alert: Flashing amber on risks of a hard landing

  • ANZ business outlook and anecdotes have us revising up our NZ CPI forecasts, and we now expect a 7½% peak
  • The US economy still looks to be going gangbusters, but the US Treasury market is flagging reasons for caution
  • Heightened geopolitical tensions were back on the radar screens for markets overnight, with risk aversion the predominant mood

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