Tourist 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 moreThe cash rate was left unchanged on Tuesday. It’s been a bumpy ride over the last 6 months in terms of economic data according to RBA Governor Michele Bullock. The weight of data in the last half of 2023 and early 2024 suggested that the next ...
Learn moreIt’s not looking good for the Australian dollar. The AUD has been trending down against the greenback since 2021 (AUD/USD)(see chart below). Now, several factors have come together to add a few more anchors to the AUD; it’s down around 6% si ...
Learn moreGovernor Michele Bullock left the cash rate unchanged on Tuesday. In December, the RBA had been reluctant to act without more information. By the meeting in February, they had received more information and there were no major surprises. Goods in ...
Learn moreStock markets in the US and Australia have been flirting with all time highs as the end of year rally continued into January but in China, the situation is not so grand. House prices and consumer spending are down again while stock market lows hav ...
Learn moreThe copyright to Peter Pan is now in the public domain. While Peter won’t grow up, we have economies that are not quite ready to slow down all the way! The soft landing didn’t happen in 2023 but still looks good for 2024. What happ ...
Learn moreAfter raising interest rates at its November meeting, the RBA did not have enough information at its December meeting to justify any bold moves. A decrease in monthly inflation for October was encouraging and the large increase in the quarterly Wage Pri ...
Learn moreWith the return of El Nino, conditions are hotting up in Australia. However, the US bond market is also feeling the heat with a sell-off leading to higher yields for longer-dated bonds. These are conditions not seen since the 1980s! Back in the People&r ...
Learn moreOne governor leaves, another steps in, no change. In her first monetary policy meeting as governor, Michele Bullock kept interest rates unchanged at 4.10 percent. Interest rates are now on a knife edge with the RBA waiting on decisive data before ch ...
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