@NGruen1 @billy_blog RBA said at estimates this month that they don’t believe the number their NAIRU model is spitting out — maybe that’s why they haven’t updated.
@jasemurphy Maybe there is a hidden y-axis from 0-100 that suggests 30% of a bond’s price is driven by cash? 15% by current assets? Or are the subheadings just floating around in unrelated grey-shaded areas??
I’m on at 2:30pm and with the market pricing falling from a 100% chance of a 50bps hike ten days ago to only an 89% chance today, this will be a nail biter!
It's #RBA day! We're expecting a 50bps increase but nobody's ruling out a bigger lift, join us from 2.30pm AEST for the decision + expert analysis. A veritable feast of #macro and #equities experts live from 8.30am - see you soon. #ausbiz#investing
No reaction to the massive AU jobs number — with unemployment down from 3.9% to 3.5% — because data doesn’t matter at the moment. All central banks are rushing to neutral and one higher/lower number won’t change this trajectory
RBA DAY 💼
@_warrenhogan of EQ Economics, @StevenDooley of Convera and @sarahjhunter84 of @KPMG LIVE as the data drops from 2.30pm AEST.
Stock and strategy ideas in the 10am. Plus what $APPL BNPL business could mean for tech.
We break it all down for you from 8.30am on #ausbiz
John Hawkins. National income is climbing, but the share going to wages is shrinking: 6 graphs that explain the economy: https://t.co/7Qmk7U4bjv @UniCanberra@ConversationEDU#ausecon#auspol
Interesting wages data via @IFM_Economist QLD, Tassie and ACT running hot (ish). Vic and NSW public sectors holding us back. Give those NSW teachers a pay rise!!!