Fed Happy to Hold Its Course – For Now
The US Federal Reserve has moved closer to winding back its support for the US economic recovery by declaring that “progress” had been made towards its economic goals.
Read MoreThe US Federal Reserve has moved closer to winding back its support for the US economic recovery by declaring that “progress” had been made towards its economic goals.
Read MoreIn “normal” times, Australia’s 2Q CPI figure surprising on the upside would almost certainly trigger fears that rate rises are coming fast. But, argues AllianceBernstein’s Guy Bruten, times are not “normal”.
Read MoreDespite the expected CPI surge in the June quarter to an annual rate of 3.8%, the extended Sydney lockdown has led one senior economist to drastically slash his forecast for the next 3 months.
Read MoreIt won’t be a case of ‘rate rise looms’ if the forecast surge in the Consumer Price Index for the June quarter and 2020-21 financial year happens in today’s ABS data release.
Read MoreWith stockmarkets at record highs despite the Delta variant continuing its advance, surging Australian inflation, mixed signals on inflation and a weak ore price: what will out in this shaky equation?
Read MoreAMP Capital’s Shane Oliver revisits seven charts he highlighted in January for investors to watch as being critical to the investment outlook this year. Put simply, where are they now?
Read MoreThanks to record prices and demand for iron ore – especially from China – Australia’s goods trade surplus hit a new peak of $13.3 billion, the second successive month that it has topped $13 billion.
Read MoreFalling retail sales and the new lockdowns across NSW, Victoria and South Australia have seen economists downgrade their forecasts for September economic growth to negative readings.
Read MoreThe current spate of lockdowns will make 2020-21 annual reports look out-of-date if the update and comments from electronics and homegoods retailer JB Hi-Fi yesterday is any guide.
Read MoreAccording to the official body responsible for such declarations, America’s Covid recession lasted just two months from February to April 2020, making it the shortest on record.
Read MoreAustralia’s Delta Covid-driven lockdowns in Sydney and Victoria will dominate local markets this week, as will the rising infection numbers in Tokyo and elsewhere.
Read MoreWith so much information constantly at our disposal, oftentimes too much news is bad news. AMP Chief Economist Shane Oliver has some tips on how to quieten things down and stay focused on what’s important.
Read MoreFederal Reserve chair Jay Powell made his second appearance before the US Congress on Thursday but it was one of his predecessors who had a bigger impact late in the day.
Read MoreWith steel production encroaching upon the government’s output limit but a weakening economy that needs all the help it can get, Beijing faces some tough choices over the second half of 2021.
Read MoreIt looks like we’ve seen the best of the jobs data for a while as the growing spread of the Delta variant of Covid leads to widespread lockdowns around the country.
Read MoreOne down, another to go tonight in the campaign by Federal Reserve chair, Jay Powell to assure Congress and markets that the current spurt in inflation won’t be long-term.
Read MoreThumbs up from the currency markets yesterday to the news that the Reserve Bank of New Zealand plans to end its $NZ100 billion quantitative easing program next week.
Read MoreThe economic data coming out of China continues to be almost impossible to get a bead on as imports and exports were stronger than forecast in June and the country reported another huge surplus.
Read MoreNAB economists are confident business conditions will be able to ride out the current surge in delta Covid variants but remain on the lookout for any signs of damage to the economy.
Read MorePlenty on this week to grab the attention of markets and investors, with the Covid Delta variant, US CPI, key Chinese economic data, Australian job figures and lots more in focus.
Read MoreThe Chinese government has blinked and moved to try and help the slowing economy after a year of boasting how well the country was recovering from the pandemic.
Read MoreIn his regular column, AMP Capital’s Shane Oliver explains why he believes that returns from a well-diversified portfolio are likely to be slower but still solid over the next 12 months.
Read MoreThe recent flattening of the Treasury yield curve, usually a sign of slowing growth, is at odds with what is happening in most major economies where economic metrics remain strong.
Read MoreTougher lockdowns in cities from Sydney to Seoul due to the Delta variant spreading, along with further signs of a slowdown in the Chinese economy, ravaged Asian markets on Friday.
Read MoreRBA Governor Philip Lowe has singled out Australia’s high levels of immigration as playing a part in keeping a lid on wage rises – an observation that won’t go unnoticed.
Read MoreIs the slide in US bond yields due to Chinese governmental interference, a signal of fears about economic growth, or a reaction to another surge in Covid infections around the world?
Read MoreThe Reserve Bank has made a small step towards restoring monetary policy to a normal footing by starting the tapering its quantitative easing bond purchases, a reflection of its confidence in the local economy.
Read MoreThe Reserve Bank board will go into today’s monetary policy discussion of the economy having had the current upbeat outlook reinforced by two key pieces of data from May.
Read MoreAnother busy week for markets around the world: Covid Delta cases, central bank meetings and minutes on monetary policy, inflation and the immediate outlook for oil prices.
Read MoreThe Reserve Bank of Australia’s monetary policy decision tomorrow will be its most important in more than a year, one that will set policy out to early 2024.
Read MoreAs Covid lockdowns across Australia leave us feeling vulnerable once again, AMP Capital’s Shane Oliver has a look at their short- and long-term economic implications.
Read MoreIn preparing for the country’s celebration of the centenary of the formation of the Chinese Communist Party, the government may have deliberately slowed the economy.
Read MoreHouse prices and trade figures led a smorgasbord of data yesterday showing the economy travelled well in June and is set up nicely for the start of the 2021-22 financial year.
Read MoreA busy week with all of Sydney, Central Coast and Wollongong locked down for the next two weeks and Covid’s new Delta variant still spreading. Oh, and June 30 is nearly upon us.
Read MoreIn his regular Insights column, AMP Capital Chief Economist Dr Shane Oliver posits 5 reasons why the Fed’s hawkish tone this week shouldn’t cause you to lose too much sleep.
Read MoreA 10% rise in house prices and the near 25% rebound in the value of the ASX saw Australia’s total household wealth reach an all-time high in the three months to March.
Read MoreAustralia’s record-breaking trade run continues with data from the Australian Bureau of Statistics revealing an all-time high surplus on merchandise trade of $13.3 billion in May.
Read MoreAs humans we are hard-wired to be anxious when things are not what we expect. There’s a good reason for that. It protects us from danger. Fidelity’s Tom Stevenson with more.
Read MoreThere will be more inflation gibber-jabber this week after last week’s Fed meeting moved rate rises to the top of the agenda for markets to fret constantly about for weeks to come.
Read MoreNew Zealand has joined Australia in enjoying economic growth above the pre-Covid levels, with 2.4% growth for the year to March, more than double Australia’s 1.1%.
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