Blog post by Empower Wealth

RBA Mar 2024 | Are We Facing Challenges with Sticky Inflation?

Join us for the second RBA Rate Release of 2024 at Empower Wealth! Expert independent economist Evan Lucas and host Ben Kingsley are back to dissect the latest economic trends and data in this month’s episode.

In this instalment, we delve into the intricate world of economics, aiming to decode its complex signals and understand their implications. Here’s a sneak peek into what Ben & Evan will be discussing:

Sticky Inflation in the US: Explore the phenomenon of inflation and its persistence in the US economy.
Deep Dive into December GDP Quarter Numbers: Analyse the recently released GDP quarter numbers for the Australian market, uncovering insights into the nation’s economic performance.
Bank of Japan’s Interest Rate Decision: Discover what’s brewing in the East as the Bank of Japan considers raising rates for the first time in over 15 years, and its potential impact on the global economy.
Australian Economic Outlook and Predictions: Gain valuable insights into the current state of the Australian economy and the challenges faced by the Reserve Bank of Australia (RBA) in navigating through uncertain times.
Monetary Policy and its Limitations: Reflect on the effectiveness of monetary policy as a tool to manage economic fluctuations, considering its impact on only a fraction of the Australian population.

Join us as we attempt to unravel the economic landscape and provide some clarity amidst the complexities. Don’t miss out on this month’s insightful discussion!

Time Stamps

World Economic Update Segment

00:00 – Introduction and Overview
00:47 – Sticky Inflation in the US
04:51 – The Fed’s Interest Rate Decision
08:38 – US Unemployment Rate and Consumer Confidence
10:29 – US Retail Sales and Business Confidence

China

14:42 – Inflation and Interest Rates in China
18:07 – China Unemployment Rate and Consumer Confidence
19:33 – Business Confidence in China

Eurozone

22:51 – Eurozone Inflation and Interest Rates
25:49 – Eurozone Unemployment Rate and Consumer Confidence
27:12 – Retail Sales and Business Confidence

Japan

29:52 – Bank of Japan’s Interest Rate Decision

Australian Economic Update Segment

32:09 – Australian GDP and Consumer Behaviour
37:26 – RBA’s Interest Rate Decision
40:14 – Australian Inflation Data
46:10 – Unemployment Rate
50:22 – Consumer Confidence and Retail Sales
55:05 – Business Confidence

Australian Property Market Update

59:46 – Property Data
01:05:08 – Impact of Interest Rates and Introducing a Tax Policy?

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Tags: Australian economy, Australian property market, Cash Rate, Current Interest Rates, Gross Domestic Product (GDP), Home Loan, Inflation, Interest Rate, Interest Rate Announcement, Monetary Policy, mortgage broking, Property Market, property prices, RBA, rba cash rate, RBA Rate, Reserve Bank of Australia (RBA), Unemployment