Weekly market update 09-08-2024
This week Dr Shane Oliver discusses the worries about a US recession and how shares remain at high risk of further falls over the next few months, RBA rates on hold and seven reasons why they have peaked 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 …