Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we deliver another market update as we talk about the most recent market and economic developments both locally and around the world. We discuss how inflation is affecting households and businesses, consumers, and the stock market. We cover off on the most current US PCE data, Australian inflation numbers from February, tech industry layoffs, and the low unemployment rate.
We also cover off on the difficulties businesses have experienced during the recent reporting season and how reserve banks are responding to try and avoid a recession.. Finally, we'll talk about the RBA's most recent interest rate rise, which was implemented in an effort to offset economic inflationary pressures.
If you are keen on learning more about the present economic climate and how it affects businesses, consumers, and investment markets, then this is the podcast for you!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
The fear of inflation and its impact on investment markets
What is the market and economic data in Australia for February
The effects of layoffs in the tech sector and the low unemployment rate
How does the reserve banks prevent inflationary pressure on businesses
The RBA's recent interest rise and what are its effects on the economy
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