A cracking CPI print has sent the Australian dollar soaring against USD while Asian equity markets have lifted strongly across the region. With the shortened trading week due to US Thanksgiving other risk markets are effectively in a holding pattern although oil prices continue to drip lower. Currency land continues to digest the growing possibility
The post Macro Afternoon appeared first on MacroBusiness.
Do you know how to trace the path your water takes before it comes out of your tap?
Can you name five edible native plants from your region?
Are you familiar with the lunar cycles and the growing seasons of your local plants?
Transcript of Steve Witkoff's conversation with Yuri Ushakov on October 14
[phone rings]
Steve Witkoff: Hi Yuri.
Yuri Ushakov: Yeah Steve hi, how are you?
SW: Good Yuri. How you doing?
YU: I am ok. Congratulations my friend.
SW: Thank you.
Man, you can never say never in markets. From FT Alphaville. Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement? Then another set of commentators called nonsense on that idea, saying gold demand was probably just dollar avoidance plus momentum?
The post Gold in them thar Tether appeared first on MacroBusiness.
Each year, the Auditor‑General releases a report assessing Victoria’s consolidated financial statements. The Victorian Auditor‑General’s Report on the Annual Financial Report of the State of Victoria 2024–25 has been released amid the state facing record debt levels, the threat of further credit rating downgrades, ongoing industrial disputes (e.g., teachers and health workers), and scrutiny over
Between the growing leaks from within the Liberal Party on how Opposition Leader Sussan Ley’s leadership is terminal and the odds of bookies now showing Andrew Hastie as the odds-on favourite to be the next leader of the Coalition, Hastie’s ascension to the top job on the Australian right is increasingly seen to be a
The post Hastie’s big polling problem appeared first on MacroBusiness.
Always follow the Fed. The Market Ear. Keep it simple… …follow the 10 year, but the US outlook is murkier than many think. Hatzius’ (GS) call for a Dec-10 rate cut lines up with softer alternative labor data showing the economy may be losing momentum. The slowdown may be necessary: once tariffs fade, tax cuts
The post Follow the Fed appeared first on MacroBusiness.
The Australian Bureau of Statistics (ABS) has debuted its highly anticipated “complete” monthly consumer price index. This new monthly CPI indicator is a major upgrade—covering nearly the entire consumption basket, using richer data sources, and giving policymakers and the public a real-time view of inflation rather than waiting for quarterly updates. The results for October