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Westpac Consumer Confidence: Off the canvas, but still dazed
The Westpac McDermott Miller Consumer Confidence Index rose 8.9 points in the September quarter to a level of 87.6. That’s up from the record lows we saw back in June, with confidence likely to have been boosted by the firming in economic conditions and easing of health restrictions since the Omicron wave peaked. Nevertheless, confidence is still languishing at very low levels. In fact, consumer confidence is sitting around the sorts of lows that we saw during the recession in the early-1990s and during the 2008/09 Global Financial Crisis. The current economic landscape is very different from either of those ... (full story)
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From bnnbloomberg.ca|Sep 21, 2022International Monetary Fund Managing Director Kristalina Georgieva said she expects slowing growth from higher borrowing costs will make next year feel like a recession for ...
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From think.ing.com|Sep 21, 2022The Federal Reserve met expectations and hiked rates 75bp. With inflation proving to be far stickier than imagined, the Fed repeated that activity needs to slow much more with the ...
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From @DeItaone|Sep 21, 2022tweet at 3:10pm: POWELL: IN HOUSING MARKET, WE HAVE TO GO THROUGH A CORRECTION TO GET BACK TO NORMAL PRICE GROWTH tweet at 3:11pm: FED'S POWELL: SHELTER COSTS ARE GOING TO STAY HIGH FOR SOME TIME FED'S POWELL: ON SHELTER INFLATION, HAVE TO ASSUME IT WILL STAY PRETTY HIGH FOR A WHILE tweet at 3:12pm: FED'S POWELL: LIKELY RATES WILL GET TO LEVELS IN THE SEP FED'S POWELL: PATH THAT WE EXECUTE WILL BE ENOUGH TO RESTORE PRICE STABILITY FED'S POWELL: WE'VE WRITTEN DOWN PLAUSIBLE PATH FOR FED FUNDS RATE, AND ACTUAL PATH WILL BE ENOUGH TO BRING DOWN INFLATION
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From omfif.org|Sep 21, 2022With geopolitics the second biggest driver – after inflation – of central bank reserves managers’ operations, financial markets may be underestimating the dark cloud looming. ...
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From zerohedge.com|Sep 21, 2022|1 commentWooosh...Total chaos across markets as Putin's escalating global war rhetoric and Powell's nuclear bomb drop of 'higher for longer' rates smashed into extreme positioning, ...
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From stats.govt.nz|Sep 21, 2022Key facts: This release refers to trade in goods only. August 2022 monthly values are actual and compared with August 2021. • Goods exports rose $1.1 billion (26 percent) to $5.5 ...
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- Posted: Sep 21, 2022 4:54pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 536
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