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Empower Wealth Blog post by Empower Wealth

RBA September 2024 | Can We Expect a Rate Cut This Side of Christmas?

The sixth RBA Cash Rate Announcement of 2024 is here!  

Join hosts Ben Kingsley and Evan Lucas as they dive into the RBA’s latest decision and explore recent economic data from Australia and around the world. 

Key Highlights: 

  • RBA’s Cash Rate Announcement 
    Find out all about the Reserve Bank of Australia’s latest cash rate decision, as announced at 2.30pm (AEST) today. 
  • Geopolitical Tensions in the Middle East 
    What are the ripple effects of these on global inflation and supply chains? 
  • The Federal Reserve’s Rate Cut 
    While US inflation has slowed, core inflation remains a concern, which is why the Fed Reserve cutting the target rate by 50 basis points came as a surprise to many economists. 
  • Updates on China & the Eurozone 
    What are China’s economic strategies amidst a slowing GDP? And is the Eurozone seeing improvements in inflation and economic confidence? 
  • Live Q&A Session 
    It’s also the first time we’ve done this session LIVE and answered viewer questions! If you missed it, watch the replay now and stay tuned for the next time we go live. 

Time Stamps 

World Economic Update Segment 

Middle East 
03:28 – Developing Regional Conflict – Oil Price Impact 

US 
05:00 – Annual Inflation 
06:40 – Unemployment 
07:54 – Non-Farm Payrolls 
11:36 – Cash Rate (Interest Rates) 
14:16 – Fed Dot Plot Forecast 
20:43 – US Key Takeaways 

China 
21:06 – GDP Annual Data 
21:44 – Inflation 
22:12 – Cash Rate (Interest Rates) 
24:32 – China Key Takeaways 

Eurozone 
26:20 – ECB – Refinancing Operations Interest Rates 
27:31 – Eurozone Key Takeaways 

Australian Economic Update Segment 

28:00 – RBA’s Interest Rate Decision 
38:41 – Annual Core Inflation 
40:00 – Housing Inflation 
44:24 – Rent Inflation 
55:40 – Annual GDP 
1:00:04 – Unemployment / Participation Rate 
1:03:08 – Consumer Confidence 
1:04:02 – Interbank Cash Rate Futures 
1:06:25 – Australia Key Takeaways 

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