CommSec State of the States – May 2023

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Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out which state or territory is Australia’s economic leader. Now in its 14th year, the... Read more continue reading

RBA “path” gets a little wider

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Reserve Bank of Australia (RBA) Governor Philip Lowe and his fellow Board members have had a torrid time of late. In that context, last Wednesday’s March quarter consumer price index... Read more continue reading

Weekly economic and market update – week ending 21 April, 2023

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Investment markets and key developments Global share markets were mixed and mostly little changed over the last week amidst mixed economic data. US shares fell 0.1% for the week but... Read more continue reading

RBA Review recommendations a positive step but no guarantee against future policy errors

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From a market perspective the main takeout from the review is the establishment of a dual board system: one that makes decisions on monetary policy (setting of the policy rate)... Read more continue reading

Weekly economic and market update – week ending 14 April, 2023

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Investment markets and key developments Global share markets had a strong week helped by a further fall in US inflation adding to expectations that the Fed is at or close... Read more continue reading

Is the RBA’s narrow path a tightrope, and is the Fed one and done?

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The CPI and the Fed: more like one and done rather than none and done Despite a stubborn failure for the data to conform, the bond markets have had a... Read more continue reading

Consumer sentiment surges by 9.4% as RBA pauses

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The Westpac Melbourne Institute Consumer Sentiment Index increased by 9.4% in April from 78.4 in March to 85.8 in April. Westpac Chief Economist Bill Evans said: “This strong recovery in... Read more continue reading

A banking crisis that was not supposed to happen

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Brandywine Global, part of the Franklin Templeton, notes this was a banking crisis that Europe hoped to avoid even as panic spread from the US. “Still, we believe the global... Read more continue reading

Are falling banks a game-changer for central banks?

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Changing sources of inflation While inflation remains far too high, the sources of inflation have changed. Global supply chains are no longer overwhelmed by surging demand for goods, nor disrupted... Read more continue reading

Monthly CPI indicator better than expected…but RBA should raise rates again in April

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Wednesday’s better than expected monthly consumer price index (CPI) indicator has raised the prospect that the Reserve Bank of Australia (RBA) may “pause” increasing the policy rate when it meets... Read more continue reading