Brett Careedy

Global bond yields hit new highs early last week before easing, allowing equities to resume gains. The technology sector led despite concerns about the sustainability of AI spending resurfacing. The FOMC minutes revealed broad support for another rate increase this year, as the White House renewed pressure on the central bank. India raised interest rates, while Brazilian markets surged after an unexpected election result. This week brings US inflation and Australian employment data, the start...

Global equities were constrained by a sharp rise in global yields to multi-decade highs last week. European inflation and credit concerns added to the pressure on global bonds. But yields partly retraced after softer US jobs data and a favourable inflation reading, even as FOMC members continued to signal further rate increases. Australia raised rates to a fifteen-year high but with a less hawkish tone ahead of some positive signs in domestic CPI inflation. The Australian dollar weakened as...

Today's CPI report suggests that RBA rate hikes are still possible. But there's a growing probability that we are already at the peak. Energy prices will need to be contained. However, the critical domestic service price increases do not appear to be accelerating. Australian CPI rose +4.0% in the 12 months to August 2026, up from +3.5% in July (+3.9% seasonally adjusted). This was just below the +4.1% consensus estimate. In monthly terms, the CPI rose +0.7% seasonally adjusted, and +0.4% in...