-
Westpac economists think the RBNZ will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June
Westpac economists have changed their view and now see the Reserve Bank (RBNZ) cutting the Official Cash Rate (OCR) in both October and November. In addition the economists think GDP could have sunk by as much as 0.6% in the June quarter 2024 and they reckon that unemployment is set to go higher and faster than they earlier though, reaching 5.6% next year (it was 4.3% as of the March quarter 2024). In a brief preview of their new forthcoming economic forecasts, Westpac's chief economist Kelly Eckhold says recent data suggest that economic activity dipped "more sharply than previously expected" in the June quarter of ... (full story)
- Comments
- Subscribe
-
- Older Stories
From ec.europa.eu|Aug 5, 2024In June 2024, compared with May 2024, industrial producer prices increased by 0.5% in both the euro area and the EU, according to first estimates from Eurostat, the statistical ...
From livewiremarkets.com|Aug 5, 2024After a massive run up through to mid-July, US stocks appear to suddenly be under immense selling pressure. The media is full of reports of impending doom and gloom, and the usual ...
From pmi.spglobal.com|Aug 5, 2024|1 commentLatest PMI® survey data from S&P Global showed a further expansion in business activity across the UK's service sector, with growth accelerating slightly since June. Supporting ...
-
- Newer Stories
From dailyforex.com|Aug 5, 2024Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of $0.6465, $0.6505, or $0.6585. Put the stop loss 1 pip above the local ...
From marctomarket.com|Aug 5, 2024The Black Monday talked about over the weekend has materialized. Japanese equity indices more than 12% today. The Nikkei is off around 26.5% form the high set on July 11. Taiwan ...
From @DeItaone|Aug 5, 2024|1 commentpost: FED'S GOOLSBEE: JOBS NUMBER WERE WEAKER THAN EXPECTED BUT NOT LOOKING YET LIKE RECESSION post: FED'S GOOLSBEE: YOU ONLY WANT TO BE THAT RESTRICTIVE IF THERE IS FEAR OF OVERHEATING; DATA DOES NOT LOOK LIKE ECONOMY IS OVERHEATING FED'S GOOLSBEE: FED HAS BEEN IN A RESTRICTIVE POSTURE - CNBC post: FED'S GOOLSBEE: WE MUST BE A LITTLE CAREFUL OVERCONCLUDING ABOUT THE JOBS REPORT. post: FED'S GOOLSBEE: ECONOMIC GROWTH CONTINUES AT A STEADY LEVEL. post: FED'S GOOLSBEE: ON THE OTHER SIDE, THE GDP NUMBER WAS A BIT STRONGER THAN EXPECTED.
- Story Stats
- Posted: Aug 5, 2024 6:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,511
