Market updates

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture Jerome Powell, the Chairman of the US Federal Reserve (Fed), announced that ‘The time has come for policy to adjust’ at the annual Jackson Hole Symposium for Central Bankers in August. It […]

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture So much new macro and company-specific data are released each month, it would be easy to lose sight of the big picture. Many analysts and commentators react on the same day as

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture Many central banks are now claiming at least a partial victory over controlling inflation, but it is far from clear by how much inflation would have fallen without rate hikes. Just through

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture Support for the rate hike scenario canvased by many for the US Federal Reserve Board (Fed) and the Reserve Bank of Australia (RBA) has all but vanished from the agenda. There had

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture If March was the month that central banks started to cut rates – or at least foreshadow cuts – April witnessed at least the US Federal Reserve (Fed) and the Reserve Bank

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture The mood among central bankers is changing. The Swiss National Bank (SNB) is the first major central bank to have cut in this easing cycle. The Bank of England (BoE) welcomed its

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture Only one month ago, the bond market ascribed a 50% chance to a US Federal Reserve (Fed) interest rate cut in March and an 85% chance of two or more interest rate

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture The US Federal Reserve (Fed) chairman, Jerome Powell, started last December by pronouncing it was ‘premature to talk about rate cuts’. By the end of December, the Fed ‘pivot’ was locked in

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture Given how markets finished up in 2023, there was a lot of pain endured in getting there. The US 10-year Government Bond yield went from 3.8% to 3.8% via just above 5.0%

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points The Big Picture Our quarterly inflation read published in late October signalled a slight uptick which we addressed last month in our Economic Update. However, that was enough for the RBA to hike its overnight