ThreeSixty Research Market Update – September 2019

Highlights: The US economy remains supported by robust consumer spending and jobs growth, but trade uncertainty is having a negative effect on business investment. Markets strongly expect the US Fed to lower interest rates at its September meeting as Powell stated the Fed would “act as appropriate to sustain this expansion.” The UK’s new prime…

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Chart of the week: Australia's economy is still in the slow lane

Bob Cunneen, Senior Economist and Portfolio Specialist Sources: Opening Statement to the House of Representatives Standing Committee on Economics RBA Governor Philip Lowe, 9 August 2019, and Datastream.  The Australian economy is still dawdling along in the slow lane. Australia’s real economic growth was only 1.4% for the year to June 2019 (red line). Consumer spending…

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Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, September 2019

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent.   The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty….

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