As expected, the RBA cut the cash rate by 25 bps to 3.6% at its August meeting. Even your Uber driver could have predicted the outcome given recent data! However, rather than focussing on the interest rate cut they all so desperately wanted last mee ...
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 moreDespite the market having the probability of a 25 bps cut at 97%, the RBA decided to keep the rate on hold at 3.85%. The decision was 6 in favour and 3 against. Both headline inflation and the RBA’s preferred measure trimmed-mean inflation are ...
Learn moreThe attack was unprecedented. Are we talking about Trump’s criticism of Fed chair Jerome Powell, Trump’s attack on Spain’s defence spending, or the US and Israeli attack on Iran? Who knows! But it was certainly another month of waiting ...
Learn moreThe US equity market largely regained the ground lost in April as the market decided that it could see through Trump’s tariff tantrums. Like April, May was marked by more tariffs announcements, followed by more high-level meetings, and followed by ...
Learn moreWith an IRR of 13.8%, Australian-focused private capital funds are outperforming other regions and have the second-lowest risk after European-focussed funds (see chart below). Australia’s private capital market is of course smaller than those of t ...
Learn moreIn a unanimous decision, the RBA’s Monetary Policy Board (MPB) cut the official cash rate by 25 bps to 3.85%. The March-quarter CPI data and recent RBA forecasts have provided the Board with greater assurance that inflation will now stick in t ...
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 more