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RBA August 2024 | Why Australia is OUT of Cycle with the Rest of the World
Manage episode 432749329 series 2449869
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Welcome to the fifth RBA Rate Release of 2024 with Ben Kingsley and Evan Lucas!
Here's a sneak peek into what our hosts cover in today's episode:
📺 RBA’s Cash Rate Decision: Find out all about the Reserve Bank of Australia’s latest cash rate decision, as announced at 2.30pm (AEST) today!
📈 Australia’s Rising Inflation: Annual inflation in Australia is up to 3.8%, but still within the long-term trend. Property prices are mixed, with Sydney's growth slowing and Perth and Adelaide showing strong growth.
🤷 Mixed Signals In the US: The US shows mixed data, with GDP growth driven by consumer and government spending. The Federal Reserve keeps rates steady but is open to possible rate cuts.
🌱 EU’s Steady Growth: The European Union's economy shows steady GDP growth at 0.3%, with inflation ticking up to 2.6%. The ECB keeps rates unchanged but hints at possible future rate cuts.
🌟 Exciting Changes Ahead: We're shaking things up with our RBA cash rate announcements. Soon, you'll be able to catch Ben & Evan's commentary LIVE! Plus, we've got a quarterly Property Market Update session with Bryce & Ben in the works. More details to come, so stay tuned.
Whether you're an investor, homeowner, or just curious about economic trends, this episode is packed with valuable insights!
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Chapters
1. RBA August 2024 | Why Australia is OUT of Cycle with the Rest of the World (00:00:00)
2. US Economic Update (00:01:26)
3. China Economic Update (00:13:16)
4. Europe Economic Update (00:19:19)
5. Inflation in Australia (00:32:27)
6. RBA’s Interest Rate Decision (00:39:49)
7. Unemployment in Australia (00:41:35)
8. Consumer Confidence & Sentiment in Australia (00:45:09)
9. Retail Sales in Australia (00:46:24)
10. Business Confidence in Australia (00:48:42)
11. Important Update! (00:51:51)
12. CoreLogic Hedonic Home Value Index (00:53:08)
13. Summary (00:55:20)
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