Three months into the job and Fed Chair Kevin Warsh is still facing questions over his credibility. In particular, the bond market still has questions. Meanwhile, in Australia, the RBA governor stated that the RBA was willing to raise rates for the four ...
Learn moreThree months into the job and Fed Chair Kevin Warsh is still facing questions over his credibility. In particular, the bond market still has questi ...
Learn moreThree months into the job and Fed Chair Kevin Warsh is still facing questions over his credibility. In particular, the bond market still has questi ...
Learn moreSince the end of the COVID-19 pandemic, Australia’s labour market has been surprisingly strong. Even as the RBA increased interest rates and GDP growth slowed, employment growth has kept surprising on the upside (see chart below). In December, the ...
Learn morePresident Trump’s July 8 tariff deadline was extended to 1 August to give key negotiations more time. Japan and the EU both walked away with a 15% general tariff from their US “trade deals”. In return, they had to promise a lot of new ...
Learn moreLiberation Day lived up to the hype and then some. Reading from the Stephen Miran and Peter Navarro playbook, President Trump hit most countries in the World with higher than expected tariffs. Global stock markets plunged, including Australia’s. C ...
Learn moreMarkets wrestled with looming US tariffs and finally realised that falling indices may impose little discipline on Trump. However, the unpredictability of US policy, with its announcements followed by delays and more announcements, is making matters wor ...
Learn moreThe RBA left the official cash rate unchanged at 4.1% This meeting marked the first meeting of the RBA’s new Monetary Policy Board (MPB). In line with previously announced changes, the RBA has now split the RBA Board into the MPB and the G ...
Learn moreThe RBA has come under fire because it has not yet begun cutting interest rates like the Euro area, US, UK, Canada, and New Zealand. “RBA looking sillier by the day.” Stephen Koukoulas, Market Economics. However, the RBA did not rais ...
Learn moreEven when central bankers are surprised, they do so conservatively. Jerome Powell cut rates 50 bps but then did his best to allay any concerns that the US economy is secretly worse than it seems. Meanwhile, in Oz, the RBA remains alert but not alar ...
Learn moreTourist and alternative lifestyle mecca Byron Bay may be getting stripped of its nudist beach but it is the RBA that is getting embarrassed by larger than expected figures! Meanwhile, the EU has started cutting, the US remains on course for cuts, Japan ...
Learn moreLike a heroine in a horror movie that suddenly feels that something is not quite right, the RBA Board is starting to feel a little uneasy. Sure inflation is still sticky, the labour market tight, and the economy slowing but the consumer is reducing thei ...
Learn moreCentral banks have been wishin’ and hopin’ and thinkin’ and prayin' that inflation would keep falling all the way back to their 2% target. Sure, the last mile will be the hardest they said. Well the US and Australia have just hit i ...
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