In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. Key points The Big Picture We entered October with an air of positive expectancy about the outcome at the Melbourne Cup Day RBA Board meeting. Earlier in November, the market was flirting with a 14% chance of […]
Economic update November 2023 Read More »
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 data is released every month that it is nearly always possible to find a justification for a ‘good’ or ‘bad’ forecast/outlook, depending on one’s view or motivation. The responsibility of
Economic update October 2023 Read More »
In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. Key points The Big Picture Backward looking inflation data, with most of the level being delivered in the early months of the data reporting window, has our current inflation rate at 4.9% annualised. However, if we take
Economic update September 2023 Read More »
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 latest inflation data in Australia, the US and indeed, many other economies is showing inflation has declined from their respective peaks. So the question is, how low does inflation need to
Economic update August 2023 Read More »
In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. 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
Economic update July 2023 Read More »
In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. 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 The
Economic update June 2023 Read More »
In this special report, we take a look at the high level takeouts from the 2023 Federal Budget and what it means for individuals and businesses, for tax, superannuation and social security that may impact wealth creation and retirement funding strategies for McGarrity Wealth Management clients. This was Treasurer, Dr Jim Chalmer’s second budget since
Federal Budget Summary May 2023 Read More »
In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. 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
Economic update May 2023 Read More »
In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. 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
Economic update April 2023 Read More »
In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. Key points The big fear of central bankers is a wage price spiral, this is not happening Recession fears are rising but China turning on again may help Australia dodge the bullet February sees some unwinding of
Economic update March 2023 Read More »
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