Another month down and yet another close call by the RBA! Welcome back to Ben’s RBA and Economic Update.
Join Ben as he unpacks the RBA’s latest decision. He delves into the impact of rising interest rates in the US and the intricacies of the woes happening in the home-building landscape.
Additionally, he provides in-depth insights into the latest property market updates, offering a comprehensive view of the evolving industry.
In today’s RBA release, here are our key themes for this month’s economic update:
Interest Rates went up in the US again – Ben unpacks why
There are more problems brewing in the home-building space – which could be an opportunity for some
And then hang around to hear Ben’s property update section, as he added a little bonus mid-year property outlook update for you
Tune in to stay updated on the latest market developments and gain valuable insights for making informed financial decisions.
Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in.
And here are all the time stamps!
00:00 – The latest RBA Announcement
World Economic Update Segment:
0:55 – United States Update
1:22 – United States: GDP Results
3:38 – United States: Interest Rates
4:15 – United States: Inflation
7:20 – United States: Employment
8:15 – United States: Consumer Sentiment
8:55 – United States: Business Data
10:15 – China: GDP Results
13:05 – China: Employment
14:22 – Europe: GDP Results
15:10 – Europe: Inflation
15:50 – Europe: Interest Rates
16:35 – Europe: Employment
Australian Economy Segment
17:25 – The Cash Rate Announcement!
22:10 – Inflation Story
24:50 – Labor Force Data
26:00 – Consumer Sentiment
29:35 – Business Data
Australian Property Market Update
32:30 – The Property Story
34:12 – Challenges in the Residential Sector
38:35 – CoreLogic’s Home Value Index: August 2023
44:15 – Ben’s Australian Property Market Update (watch the full video here)
The post RBA Cash Rate August 2023 & Australian Housing Market Update appeared first on Empower Wealth.