2 Nov 2009
September quarter CPI figures were released last Wednesday, showing a rise of 1% in CPI for the quarter and 1.3% over the last year. This has further added to the expectation of an increase in the official cash rate when the RBA meets on Melbourne Cup day.
US GDP growth figures released last week showed an annualised increase of 3.5% for the September quarter, exceeding the consensus of 3.2%. This quarterly result saw the US economy grow for the first time in more than a year as government stimulus helped lift consumer spending and home building, fuelling an unexpectedly strong adv...
Read more