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

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

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

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

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