by Stephen Roberts | 21 Aug, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Two key data points released last week say that Australia’s labour market may have reached a tipping point. The labour market may be taking a softer turn and that could remove pressure on the RBA to hike rates any further in this cycle. At the very least, if there are...
by Stephen Roberts | 14 Aug, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Financial markets are starting to look towards the end of central bank rate hikes as well as towards “soft” economic landings for the world’s major economies. Soft landing prospects have been boosted by mostly decelerating annual inflation so far in 2023 improving the...
by Stephen Roberts | 7 Aug, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets had another strong month in July assisted by signs of moderating inflation and signs that the US economy may achieve a soft landing. While most central banks, including the US Federal Reserve, the European Central Bank and the Bank of England, hiked rates...
by Stephen Roberts | 31 Jul, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
In July inflation cooled while major economies such as the US seemed less likely to experience recession and labour markets remained tight. Central banks remained cautious about recent reductions in annual inflation with some continuing to hike official interest...
by Stephen Roberts | 24 Jul, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
The June monthly CPI and the Q2 CPI out this week will influence whether the RBA pauses again or hikes at the next policy meeting on 1st August. Outcomes around the consensus forecasts of 5.5% y-o-y for the June CPI and 6.2% y-o-y for the Q2 CPI while showing that...
by Stephen Roberts | 17 Jul, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
The Treasurer’s decision to not extend RBA Governor Philip Lowe’s tenure beyond its mid-September end-date and to appoint Governor the current Deputy Governor, Michelle Bullock, is likely to make no difference to how much further the cash rate will rise in Australia....
