Economic update February 2023

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points Short-term market volatility is expected. Major central banks are nearing their points of pausing interest rate policy. China’s economy starts to recover but the removal of lockdowns is seeing Covid cases explode. Recessions are possibly already […]

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Economic update January 2023

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points Will the much-anticipated recession eventuate? If so, how much does it matter? US and Australian economies still look strong based on growth and employment data US inflation appears to have peaked (for now) China abandons

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Economic update December 2022

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points US Fed considers slowing down rate hikes as inflation data eases for October. China sees increasing protests over its Covid lockdowns as Covid cases rise. Oil prices could face turbulence and the EU caps the

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Federal Budget Summary October 2022

This article provides a high level overview of the key outcomes of the 2022 Federal Budget as announced in late October. At a high level, this budget contained a range of very specific measures targeting taxation, superannuation, housing and social security but no wholesale tweaking or reforms that really enter conversations on wealth creation and

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august economic update

Economic update November 2022

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points Central banks close to contractionary interest rate policies – the US raised 0.75% in early November Reserve Bank of Australia moves cautiously again raising rates by 0.25% to 2.85% on Cup Day US earnings season

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Economic update October 2022

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points US Fed maintains hawkish stance increasing interest rates by 0.75% again Volatility persisted and, in some instances, increased for Equities, Bonds and Currency Economic data remained mixed but the prospect of a recession rose over

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august economic update

Economic update September 2022

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points Central banks send mixed messages in their approach to addressing inflation Australian retail sales easily beat expectations indicating a level of consumer confidence Ukraine exports start to flow which is hoped will dampen food price

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august economic update

Economic update August 2022

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe.  Key points: Central banks continue to remove policy easing at a rapid rate Slight easing of supply-side bottlenecks is hoped to result in a softening in inflation data Australian unemployment rate now the lowest since 1974! The

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Economic update_McGarrity Wealth

Economic update July 2022

In this month’s update, we provide a snapshot of economic occurrences both nationally and from around the globe. Key points: How far will the Fed go in raising official interest rates Russia on the back foot economically as sanctions bite Australia jobs data still strong and unemployment remains below 4.0% The Big Picture After a

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