Market insights

What a difference 7 months can make when framing an Australian Budget. The international and local economic outlook have changed considerably, and not in line with anyone’s best forecasts back in March. When the previous government delivered its pre-election Budget in...

Inflation is stickier and higher than expected in the US, according to the September CPI data released last week. The CPI was up 0.4% month-on-month, 8.2% y-o-y with the core CPI excluding food and energy prices up 0.6% m-o-m, 6.6% y-o-y. Rising service prices are...

The recessionary consequences of central banks fighting to contain high inflation loomed large again in September causing most financial assets to sell off. The US Federal Reserve hiked another 75bps in the month taking the Funds rate up to 3.25% and indicated higher...

While most economic reports from major economies continue to show firm economic activity through the middle months of 2022, recession seems to lie ahead as central banks try to tame high inflation. Bringing inflation back to target is proving to be a difficult...

Forecasting how high central banks will lift official interest rates in the current cycle is proving to be an unusually difficult task. One problem is judging whether central banks will be as good as their current word and do whatever it takes to reduce high inflation...