- This week the Federal Reserve, Bank of England and the central banks of Japan, Norway, Sweden and?Switzerland are all holding policy meetings?to decide on interest rates.
- Global oil prices have soared more than 20% in recent months to nearly $100 USD a barrel, amid supply constraints driven by OPEC production cuts.
- The RBA minutes left the door open for a further rate hike if inflation is too strong. Petrol prices are up 26% over this year. Eek!
- The S&P ASX-200 has been subdued ahead of rate calls (as mentioned).? It's down again today at 7,150?as I type. Iron ore is at $121.92 USD and the Aussie dollar is $.643.?
- The WA Chamber of Commerce and Industry is predicting WA economic?growth to slow to 1.75% this financial year - from 3.5% in fiscal 2022 - on challenges in our largest trading partner China.
- WA jobs market remains tight with 3.4% unemployment. Our strong population growth, limited number of houses for sale, and a rental vacancy rate of 0.8% are causing pressure on buyers.
- Obviously, I'm a tad biased but the most exciting things happening in the next week here in WA are the 40th-anniversary celebrations of Australia II winning the America's Cup in 1983. Below is a photo of my gorgeous husband, Damian at 21 years of age being the first non-American across the line in 132 years!!!.
- The Maritime Museum has a great new exhibition if you are looking for something to do with the kids this school holidays and Australia II is there as beautiful as she was 4 decades ago.
