RBA Feb 2024 | Shifting Tides: Global Influence on Australia's Economy

Welcome to the first RBA Rate Announcement of 2024, a year that heralds a fresh and insightful approach to our economic updates! This year, we're thrilled to announce a dynamic new partnership: Ben will be teaming up with Evan Lucas for all future RBA insights. With this powerhouse duo at the helm, you can bet we're diving far beyond the basics. 

Evan Lucas isn't just any analyst; he's a titan in the world of economics (and he’s appeared multiple times on our show!) As the author of the best selling book, "Mind Over Money: Why Understanding Your Money Behaviour Will Improve Your Financial Freedom," Evan brings a wealth of experience as a market strategist and a fervent passion for investment.

In this month's video, they tackle several pivotal topics:  

• The Global Giant - Dissecting the US Economy: The US economy acts as a barometer for the global financial climate. Our experts dissect its latest GDP growth rates and Federal Reserve decisions to uncover how these factors ripple across the globe, impacting Australia directly.  
• Navigating the Waters of Global and Domestic Inflation: The spectre of inflation has loomed large over economies worldwide. Ben and Evan explore whether inflation remains a pressing concern or if recent trends suggest it's receding into the rearview mirror. #Finally  
• Employment Data – Decoding the Numbers: The duo delves into the complexities of employment data, advocating for a closer look at underutilization rates as a more telling indicator of the job market's health than traditional metrics might suggest.  
• Forecasting Australia's Economic Voyage: They assess the potential challenges and opportunities that lie ahead, asking: will we navigate calm seas or face turbulent waters?  

Now, what are you waiting for? Let's delve into this month's update! 

Time Stamps: 

World Economic Update Segment: 

02:15 – United States Economic Update
24:37 - China Economic Update
36:12 - Eurozone Economic Update
 

Australian Economy Segment 

45:37 - Australian Inflation Data
50:28 - Impact of Fires and Insurance Costs
51:26 - Housing, Education, and Health
52:40 - RBA's Decision
 
Australian Property Market Update 

01:22:14 - Property Market Overview 
01:29:32 - Interest Rate Outlook 

LISTEN TO THE FIRST 20 EPISODES HERE >>

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