Weekly market update 12-07-2024
Disinflation resumes in the US, RBNZ pivots = positive signs for the RBA; Australian shares hit record, year end forecast revised to 8100; surge in shipping costs less threatening than 3 yrs ago; and more.
Episode #92: Is another rate hike still imminent? In the last week, we saw the RBA leave interest rates on hold for the fourth month in a row, against the backdrop of increasing uncertainty around political developments in the US and geopolitical risks concerning China. AMP’s chief economist Dr. Shane Oliver explores the outlook for interest rates amid the further softening of the jobs market, falling jobs vacancies and rising levels of mortgage stress. Important …