Australia's CPI data, released yesterday, showcased figures hotter than anticipated. While this may not be 'reaction-worthy' news on its own, the scenario in Australia is worth delving into for several reasons.
Inflation Trends
Initially, let's consider inflation trends. In most western economies, although inflation remains above central bank targets, the...
The Interest rates are inversely correlated to unemployment rates in Australia. The last time they intersected was 2008 GFC, and they appear to be headed the same way, with unemployment forecast for 4.8% in Q12024.
- Takeaways
When interest rates are up unemployment is down and vice versa
Last time they had a major divergence/convergence was a global economic...
