by Stephen Roberts | 9 Sep, 2024 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Australian economic growth has slowed through the first half of 2024 to 1.0% y-o-y from 1.6% y-o-y in the second half of 2023 and 3.7% y-o-y in the first half of 2023. At face value, that is the order of growth slowdown that could ease inflation and allow the RBA to...
by Stephen Roberts | 2 Sep, 2024 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets rallied in August and government bond yields fell as key central banks indicated that supporting growth is vying with the need to go the last mile battening down inflation to their various targets. Australia’s RBA remained an odd-man-out still toying with...
by Stephen Roberts | 26 Aug, 2024 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Economic data released in August show soft global economic growth and again patchy progress reducing inflation. Key major central banks, including the US Federal Reserve, are indicating that the focus of monetary policy has or is about to shift towards limiting damage...
by Stephen Roberts | 19 Aug, 2024 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Key labour market data released last week show more buoyant conditions than in July last year, notwithstanding a small lift in the unemployment rate to 4.2% in July. The strength of the labour market adds to reasons why the RBA cannot begin to reduce the cash rate in...
by Stephen Roberts | 12 Aug, 2024 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
In the words of RBA Governor, Michelle Bullock, the RBA is unlikely to cut the cash rate over the next six months and the RBA’s latest economic forecasts of too strong aggregate demand relative to economic output and inflation taking longer to come inside 2-3% target...
by Stephen Roberts | 5 Aug, 2024 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets strengthened for the most part in July and government bond yields fell amid patchy central bank rate cuts and reduced inflation concerns. The rallies flew in the face of heightened geopolitical tensions, signs of weak global economic growth and any caution...
