Jackson Hole: summer soporifics to the summertime blues

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The tone in financial markets through July and the first half of August suggested that markets were growing increasingly confident that the world’s central banks had the inflation beast (almost)

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26 Aug 2022

Inflation news not good for the RBA as US “headline’ inflation peaks

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US ‘headline’ inflation peaks. Will the Fed ease the brakes? In what was somewhat of a surprise, July US inflation surprised on the downside. In headline terms, the US CPI

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12 Aug 2022

Are markets too sanguine about interest rates and inflation?

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FOMC opts for another 75bps increment In a clear signal of its determination to vanquish inflation the US Federal Reserve’s FOMC increased rates by 75bps to 2.50%. Such a move

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29 Jul 2022

Central banks challenged but opportunities emerging for equity investors

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While near term market volatility is expected to continue in Australia and overseas, and the risk of recession looms, it is not all doom and gloom, says GSFM and its

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27 Jul 2022

FOMC reinforces the aggressive message, increases the policy rate by 75bps

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Aggressive 75bp increase in the policy rate; Aggression reinforced through ‘dot plot’ In a clear signal of its determination to vanquish inflation the Federal Reserve’s FOMC increased rates by 75bps

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17 Jun 2022

RBA policy rate response: are markets pricing “too much” or “too little”? 

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In what was somewhat of a surprise, the RBA joined a number of other developed country central banks in announcing a 50 bp policy rate increase at the conclusion of

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10 Jun 2022

RBA and the ‘stitch in time saves nine’ approach to monetary policy

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 The outcome of today’s RBA meeting is a difficult one to call. According to the 22 economists polled by Bloomberg, eight expect a 25 bp increase, eleven expect 40 bps

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07 Jun 2022

The Fed and the ECB: A tale of two central banks

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I have described the task facing the Fed and ECB is akin to a circus high wire act: charting a path between getting inflation back toward target without tipping the

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03 Jun 2022

Federal Open Markets Committee, European Central Bank and Reserve Bank of New Zealand movements

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Federal Open Markets Committee minutes underscore The US Federal Reserve’s aggression Prior to the release overnight of the Fed’s Federal Open Markets Committee (FOMC) meeting minutes there had been some

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27 May 2022

Fed, RBA and BoE face challenges

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Summary Powell comments reinforce Fed’s aggressive stance. Markets roiled. Volatility to continue Wage Price Index Price Index eases pressure on the RBA. Focus switches to today’s April labour force data

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20 May 2022