by Stephen Roberts | 14 Jul, 2025 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
The RBA surprised just about everybody, including us, with its decision to leave the cash rate unchanged at 3.85% last week. It begs the question what did we miss? What was it in the run of data and events between the June RBA policy meeting, when the RBA considered...
by Stephen Roberts | 7 Jul, 2025 | Economic Weekly, Laminar Economist Stephen Roberts
Risk assets rose mostly in June as tensions flared and settled between Iran, Israel and the US. European risk assets were the exception, giving up a little ground. While the US Federal Reserve Chairman, Jerome Powell, indicated that theFed was in no hurry to cut the...
by Stephen Roberts | 30 Jun, 2025 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Economic data released in June showed evidence of moderating global economic growth but still tight labour market conditions and mixed picture for inflation with stickiness showing for some, notably the US and UK, but reducing for others including much of Europe...
by Stephen Roberts | 23 Jun, 2025 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
The global economic outlook is becoming more volatile and challenging. Global growth will face a stiff headwind from President Trump’s imposition of higher tariffs on US imports. Where many of those tariff changes will settle is still in the air with unreliable...
by Stephen Roberts | 16 Jun, 2025 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Uncertainty is rising about the global economic outlook after the missile strikes traded between Israel and Iran over the past week. The worsening tension in the Middle East has pushed up oil and gold prices, started to disrupt sea and air travel in the area and has...
by Stephen Roberts | 10 Jun, 2025 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Sluggish Australian GDP growth in Q1 (+0.2% q-o-q, +1.3% y-o-y) plus some evidence that households are preferring to save rather than spend early in Q2 provide some leeway for the RBA to cut the cash rate further over the next few months. But that leeway is not great...
