Following yesterday's RBA rate pause, Mutual Limited CIO Scott Rundell shares his post mortem:
RBA July 2023 Monetary Policy Decision – a pause for reflection at 4.10%
Upon consulting the monetary policy runes and undertaking a reading of the chicken giblets, the RBA elected to leave cash rates unchanged today. The...
Franklin Templeton's Andrew Canobi highlights perception versus reality
The 1999 cult movie Matrix explores the theme of perception versus reality in this world.
"A bit like financial markets today," says Andrew Canobi, Franklin Templeton Fixed Income portfolio manager.
Canobi has analysed Australia's second quarter GDP numbers to draw parallels between the current state of...
In the context of fighting inflation, the 'final mile' represents the successful and sustainable achievement of a central bank's inflation target.
Stephen Dover, Chief Investment Strategist and Head of Franklin Templeton Institute, opines on the Fed's ability to reach it.
Dover says: "In shipping, the 'final mile' refers to the end...
By Daleep Singh, Chief Global Economist, Head of Global Macroeconomic Research, PGIM Fixed Income
If central banks' urgency to return inflation to their respective targets encapsulated an underlying theme of the global economy in 2023, early 2024 starts with assessing the ramifications of their initial success.
It is a fitting time...
Next 10 years could see higher growth and lower inflation compared with our 2023 long-term forecasts, partly due to productivity gains from the adoption of Artificial Intelligence (AI). Delays in climate policy will increase risks and result in greater economic costs moving towards 2050.
10-year expected returns are...
An inverted yield curve can be a signal that there will be a recession - and the current one is concerning investors.
However, "yield curves are not as reliable as expected as there are a number of factors that one has to consider", says Equity Trustees Asset Management.
"An inverted yield...
I recently listened to a PGIM webinar on credit risks and deteriorating lending standards. It was so good, I wanted to share some of the comments and key take-aways with you. Importantly, PGIM is one of the largest non-bank lenders in the world, so its insights are valuable.
The US...
Commentary on key market themes for Q4 2024 from Seema Shah, Chief Global Strategist at Principal Asset Management.
A globally synchronised downturn produces a globally synchronised policy easing. As global growth has weakened, policymakers have started to respond. The U.S. Federal Reserve is committed to avoiding recession, while China’s recent...
How serious is the inflation threat?
That was the question considered by expert panel hosted by Jamieson Coote Bonds in a webinar last week. The panel was led by esteemed economist, Saul Eslake, who was joined by JCB Chairman Mark Burgess and JCB CIO Charlie Jamieson.
The presentation drilled down into...
In their most recent Insight, EMD on the bread line, Aviva Investors has outlined how soaring food prices and social unrest intertwine with countries’ fiscal positions and its impact on emerging market debt investors.
Rising food prices has increased risk of social unrest in emerging market countries globally
As...
