Price growth edges lower despite reasonable economy
Insight
September 28, 2015
Australian Markets Weekly: Slower population growth
In this weekly update we tease out some implications of slower population growth that’s been evident now for the past two years, with a further step down reported by the Australian Statistician last week.
In this weekly update we tease out some implications of slower population growth that’s been evident now for the past two years, with a further step down reported by the Australian Statistician last week.
For the economy and markets for the week ahead, it’s a very big week of data with the US and China dominating. Last week US Fed Chair Yellen put the base case for the Fed to begin its Fed rate lift-off later this year – and also stated most of the FOMC participants agreed. The market is still yet to price a 2015 hike more fully at 50% by year end, and with only two meetings left (29 October and 17 December), focus will be on the US data flow and upcoming Fed speeches to see if the base case for hiking holds and whether markets start pricing this. NAB’s forecast calls for the Fed to commence lift-off at its December meeting.
For a full synopsis of the markets this week download:
For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets
