by Stephen Roberts | 3 Jul, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets had a strong month in June undeterred by rising official interest rates and higher government bond yields. Economic data releases in the US during the month show an economy still a long way from recession fostering hope that even if interest rates have a...
by Stephen Roberts | 26 Jun, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
In June central banks confirmed that they remain determined to get high and sticky inflation down to their targets even as growth weakens, and some economies enter recession. While the US Federal Reserve paused at its June policy meeting it indicated that two more...
by Stephen Roberts | 13 Jun, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
The RBA’s June decision to hike the cash rate another 25 basis points (bps) to 4.10%, plus a subsequent speech by the RBA Governor Lowe focusing on the stickiness of inflation and the Q1 2023 GDP release showing a record annual fall in productivity all point to the...
by Stephen Roberts | 5 Jun, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Most central banks indicated in May that it is too early to declare that they have done enough to bring inflation down to their respective targets, notwithstanding signs of slowing economic growth and a government debt ceiling scare in the United States that could...
by Stephen Roberts | 29 May, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
In May economic indicators point to moderating global economic growth and slow, bordering stalling progress containing high inflation. Central banks remained focused on bringing inflation down with some, including the US Federal Reserve, the European Central Bank and...
by Stephen Roberts | 15 May, 2023 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
On Wednesday and Thursday this week two data releases will influence what the RBA does next with the cash rate. At the next RBA policy meeting in early June and in the interest rate setting meetings for several months beyond the two options that the RBA has are to...
