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8 Nov 2023
Economic Update November 2023
Key points:
– The new RBA Governor, Michelle Bullock, increases the RBA Cash rate to 4.35%
– US Fed chooses not to increase the US Cash rate as data indicates some economic softening
– European and UK central banks hold interest rates steady as inflation and growth both ease
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please contact the team.
4 Oct 2023
Economic Update October 2023
Key points:
US Fed pauses interest rates in September but upsets markets with hawkishness commentary
US economic data remains positive but further analysis indicates conditions are softening
GDP data for Australia is showing mild growth but on a per capita basis we are in recession
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please contact your Financial Adviser.
4 Sept 2023
Economic Update September 2023
Key points:
– The impact of interest rate increases is starting to appear in economic data
– China is struggling to reinvigorate its economy
– Equities take a breather
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please get in touch with your financial adviser.
7 Aug 2023
Economic Update August 2023
Key points:
– Inflation has undeniably come down but is higher than Central Banks’ preferred range
– Is there something different about this inflation and interest rate hiking cycle?
– The road ahead for the economy, inflation, interest rates and markets
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please contact your Financial Adviser.
3 July 2023
Economic Update July 2023
Key points:
– Despite inflation peaking markets are pricing in more interest rate hikes in the US and Australia
– Share markets remain buoyant and to date showing little concern for the recession risk
– Artificial Intelligence (AI) popularised by ChatGPT has boosted the Tech sector, is it a bubble?
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please get in touch.
6 June 2023
Economic Update June 2023
Key points:
– US debt ceiling deliberations coming to an end
– Central banks are still hiking rates despite agreeing that inflation peak now behind us
– China economy not yet out of the woods as indicators remain mixed
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please get in touch with your financial adviser.
4 May 2023
Economic Update May 2023
Key points:
– Peak inflation now appears to be behind us
– US economic growth showing some resilience but is weakening
– Inflation is declining as higher interest rates start to bite on household spending
– Interest rates in Australia look close to peaking this cycle but appear to be data dependent
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please contact the team.
3 Apr 2023
Economic Update April 2023
Key points:
– What impact has the banking crisis had on interest rates and markets?
– Who/what caused some of the failures in the US regional banks?
– Economy showing resilience – key employment data still strong in US and Australia
– Inflation still above objectives but growing evidence that the high point is in the past
We hope you find this month’s Economic Update as informative as always. If you have any feedback or would like to discuss any aspect of this report, please contact your Financial Adviser.