Wright-patt Credit Union Beavercreek Ohio
Wright-patt Credit Union Beavercreek Ohio. The market expects the OCR to reach 4% and after a moderate downturn (which may or may not involve a short recession), inflation will come down to earth and we will write pandemic chaos into the history books. Last week’s data highlighted just how difficult it will be for the Reserve Bank to pull demand out of the economy and slow inflation.
ANZ’s monthly trade outlook last week showed a rebound in confidence – albeit from low levels. Building houses takes time, so if we all think this cycle will be over by the middle of next year, there’s no reason to stop.
A Centrix credit report showed a 13% increase in the number of people late on consumer debt. This is indeed the message that US Fed Chairman Jerome Powell delivered last weekend, successfully administering a dose of pessimism to stock market investors.
The stock market is a good indicator of broader economic rebalancing, as it moves quickly and looks to the future. This suggests that despite all the grumbling and complaining about inflation, optimism still dominates the economic thinking of investors and consumers alike.