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Everything from GSFM

RBA: Run out of “patience”?

From GSFM

The RBA Governor’s Statement on Tuesday appeared to indicate that the RBA Board has learnt from the difficulties facing the Fed and ECB. “Patience” is no longer prudent. Both the

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07 Apr 2022

Weekly wrap from Stephen Miller: Inflation

From GSFM

German CPI inflation highest since unification Provisional March CPI inflation figures for Germany highlight the challenges facing the European Central Bank (ECB) ahead of the broader Euro area CPI release

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01 Apr 2022

New aggressive stance from the Fed and implications of today’s labour force data release

From GSFM

Federal Open Market Committee (FOMC) increases the policy rate by 25bps – Fed ‘dot plot’ now better aligned with aggressive market expectations. Quantitative tightening (QT) to be announced at a

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18 Mar 2022

Inflation – what (almost) everyone gets wrong

From GSFM

As the inflation debate continues, the economics team at fixed income specialists Payden & Rygel – one of GSFM’s investment partners – weighs in on what they think (almost) everyone

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08 Mar 2022

Russia/Ukraine, Fed Chair Powell to “proceed carefully”

From GSFM

Clearly Russia/Ukraine tensions remain an intense focus for both central bankers and markets. Markets have had to contend with wild swings in investor sentiment between euphoria (witness the turnaround in

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04 Mar 2022

RBA March board meeting: Nothing to see here

From GSFM

The RBA meets tomorrow with no real prospect of any policy change. Recent communication suggests that the RBA would be ‘patient’ in withdrawing any policy stimulus. If anything, recent wage

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01 Mar 2022

WPI gives the RBA some breathing space

From GSFM

The December quarter wage price index (WPI) was pretty much on Reserve Bank of Australia (RBA) and market expectations, with the private sector WPI coming in at 0.7 per cent

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25 Feb 2022

Reserve Bank of Australia (RBA) minutes suggest communication back on a more even keel – waiting for wages data but is the wait too long?

From GSFM

Improved clarity of RBA communications After a period toward the latter part of 2021 when the RBA communication process seemed to descend into the realm of the confusing, the RBA

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18 Feb 2022

Smaller companies, bigger opportunities

From GSFM

Australia’s smaller companies A company’s market capitalisation – the total number of its shares on issue multiplied by the latest share price – dictates which index (if any) a company

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03 Feb 2022

GSFM on RBA meeting: A little better communication but little action guaranteed

From GSFM

In the wake of the release of the December quarter CPI, it was clear that the RBA had ‘a lot of wood to chop’. Despite growing evidence to the contrary,

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02 Feb 2022

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