Households will see Inflation around for much longer than expected and while the pressure on households continue to build, so does distrust across the economy in Australia, according to data from the IMF and a special Roy Morgan End of Financial Year webinar.
Despite the better-than-expected US inflation figures, the International Monetary Fund in its quarterly update of the World Economic Outlook just warned that momentum on global disinflation had slowed, largely due to ongoing elevated rates of services inflation.
For example, the latest data today for the UK showed that The Consumer Prices Index inflation unexpectedly stays at 2% in June, higher than economists predicted and causing a paring of bets on when the Bank of England will cut rates at its next meeting. The news sent the pound above $1.30 for the first time in a year. Services inflation that has been a special focus of the BOE was also unchanged at 5.7%. Economists had expected the headline rate to drop to 1.9%, while the central bank had forecast services at 5.1% by now. Traders pushed back bets on a rate cut next month, pricing in a roughly 30% chance of a move on Aug. 1, down from almost 50% yesterday.
In Australia, the June quarter consumer price index on July 31 will be decisive in determining whether the Reserve Bank of Australia will be forced to deliver a 14th interest rate rise at its August 6 board meeting. With underlying inflation running about 4 per cent, markets are pricing in a 16 per cent chance the RBA will raise the cash rate to 4.6 per cent, from 4.35 per cent, when it next meets. That said, bets on another rate rise from the RBA eased over the past week as bond markets rallied on the back of an outright decline in the US consumer price index, though I think the read across from the US by the markets is over done.
[ Ссылка ]
Go to the Walk The World Universe at [ Ссылка ]
Today's post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high - price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
Find more at [ Ссылка ] where you can subscribe to our research alerts
Please consider supporting our work via Patreon: [ Ссылка ]
Or make a one-off contribution to help cover our costs via PayPal at: [ Ссылка ]
We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1
Please share this post to help to spread the word about the state of things....
Caveat Emptor! Note: this is NOT financial or property advice!!
🚨BEWARE OF SCAMMERS🚨
As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram
![](https://s2.save4k.ru/pic/dGURD75PmPU/maxresdefault.jpg)