This is my edit of our monthly economic update made in conjunction with Nugget’s News, where I go over the highlights of the past month and bring out some of the critical issues which are driving the markets, politics and the economy. This is for July and August 2024.
This month we got the switch from the FED in terms of rate cut expectations, the market heart attack, concerns of a slowing China hitting demand for iron ore and a some Reserve Banks cutting rates, while the RBA hold firm due to inflation still running hot.
Meantime, global dent continues to grow and the costs of servicing this is growing.
Expect a volatile September and October as we head into the November US election and FED cuts in September.
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