Following higher-than-expected inflation numbers last week, the RBA surprised no one as it left rates unchanged, however Mousina suggested the central bank might be overemphasising recent inflation data and not fully accounting for potential weakening in the labour market and consumer spending.
They also explore:
- The impact that Q3 reporting for AI and tech stocks has had on the US market.
- Continued volatility in cryptocurrency markets reflecting the speculative nature of digital assets.
- Whether the government shutdown in the US will start to impact the broader economy.
