1. FBI called in to assist with Optus data breach
Attorney-General Mark Dreyfus said the FBI has been called in to help the police with the investigation into the data breach.

“The government, as well as the Australian Federal Police and other government agencies, are working closely together on the Optus data breach,” he said.

“The Australian Federal Police is taking this very seriously with a large number of officers involved, working with other federal government agencies and state and territory police and with the FBI in the United States and with industry.”

2. ANZ tips US benchmark rate to hit 5%
Australia & New Zealand Bank now expects the benchmark US cash rates to reach a terminal or peak rate of 5% as the US Federal Reserve makes bringing down inflation its top priority.

ANZ expects Australia’s Reserve Bank to take rates to a peak of 3.35%.

“We have revised up our forecasts for peak cycle monetary policy rates in the US (5.0%), NZ (4.75%), EA (3.0%), UK (4.0%), India (6.5%), Malaysia (3.5%), Philippines (5.25%), Korea (3.5%), Thailand (2.5%) and Indonesia (5.75%). Vietnam is unchanged. In Australia, we are considering whether additional hikes beyond our peak forecast of 3.35% might be required,” ANZ said.

“We now forecast a 2023 recession in the UK and shallow recessions in the euro area and US.”

3. Fallen crypto figure insists he’s “not on the run” despite keeping whereabouts private
Terraform Labs co-founder Do Kwon, who faces South Korean charges over a $US60 billion ($92.5 billion) cryptocurrency wipeout, denied he’s evading law enforcement after authorities reported Interpol had issued a red notice for his arrest.

Mr Kwon posted on Twitter late on Monday that he’s “making zero effort to hide,” adding “I go on walks and [to] malls”, but without revealing his location.

“Prosecutors in Seoul earlier said Interpol had requested law enforcement worldwide to locate and arrest the fallen 31-year-old crypto entrepreneur,” the AFR reports.

“Officials have accused Mr Kwon and five others of crimes including breaches of capital-markets law.”

4. Big market movers over the last 24 hours

5. ASX futures dip
ASX futures were down 40 points or 0.61% to 6466 near 6.30am AEST, with the AUD -0.4% to 64.31 US cents.

On Wall St: Dow -0.4% S&P 500 -0.2% Nasdaq +0.3%.

Brent crude +2.7% to $US86.29 a barrel.

Iron ore +1.6% to $US97.60 a tonne.

10-year yield: US 3.95% Australia 4.02% UK 4.50%.