Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest ABS release looked at the rising living costs across different segments, and they reported what we all know, real living costs are rising faster than the CPI numberwang.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The true CPI experienced by many households is higher than the official figures, which by the way have been continually revised lower over time as the weighting methodology has changed.
So today we look at upcoming changes in the US CPI methodology, which is likely to put downward pressure on the CPI read, despite households on average now significantly worse off. A Numberwang if ever I saw one!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
US CPI came out pretty much as expected, with headline rates falling, thanks to significant falls in gas (petrol) prices at the pumps, despite rises in food and shelter costs.
The markets lapped this up sending the indices mainly higher. along with gold, while bond yields and the US dollar slid.
However, Fed officials were out in force saying rates need to run higher for longer, so once again out of step with market expectations.
Next signal will be quarterly earnings from Friday. Still more volatility ahead.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest monthly data from the ABS revealed that inflation at the top line and core both rose in November, despite changes to the weightings.
As a result, this puts more pressure on the RBA for at least a 25-basis point hike in the cash rate in early February. The markets are still expecting more rate rises ahead.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
A deep dive on the latest US CPI figures ahead of the Federal Reserve decision tomorrow. Numberwang is at work again, if you look carefully.
Interesting that markets and media seem to take the top level data at face value. Wonder why?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
A bunch of stats from the ABS , RBA and APRA. CPI was down a bit but largely due to rebaselining. The Trimmed Mean was unchanged.
Building approvals were down (again) and the latest data on lending shows an easing.
Net net, not enough to shift the RBA very far – 25 basis points next Tuesday is still most likely.
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.
The latest Australian inflation figures from the ABS came in hot, suggesting more rate rises from the RBA.
The Consumer Price Index (CPI) rose 1.8% this quarter. Over the twelve months to the September 2022 quarter, the CPI rose 7.3%. The most significant price rises were New dwelling purchases by owner-occupiers (+3.7%), Gas and other household fuels (+10.9%) and Furniture (+6.6%).
Go to the Walk The World Universe at https://walktheworld.com.au/
While New Zealand Inflation has fallen very slightly to 7.2% for the year to September, down from the 32-year high of 7.3% hit in June, the 6.6% domestic inflation figure is the highest since Stats NZ started that data series in 2000, up from 6.3% last time.
Stat NZ today released their latest data and advised that the consumers price index increased 7.2 percent annually in the September 2022 quarter.
This signals a likely 75 basis point rate hike from the Reserve Bank of New Zealand in November. Already this year the OCR has been hiked by a record (for a calendar year) 275 basis points to 3.50%.
Go to the Walk The World Universe at https://walktheworld.com.au/
A quick look at the new monthly CPI from the ABS. Core inflation is still rising.
More signals of a 50-basis point hike next week.
Go to the Walk The World Universe at https://walktheworld.com.au/
The ABS is to introduce a monthly version of CPI, based on interim figures, though the “official” version will still be released warch quarter. So we discuss the implications.
Go to the Walk The World Universe at https://walktheworld.com.au/
