Q2 GDP tracking update: ~40bps sub RBA
Q2 GDP is tracking 40bps below the RBA’s August SOMP forecast. Weekly payrolls suggest job losses in NSW are similar to the first COVID lockdowns.
macro, politics, markets, ambivalence
Q2 GDP is tracking 40bps below the RBA’s August SOMP forecast. Weekly payrolls suggest job losses in NSW are similar to the first COVID lockdowns.
I have been of the view that the Fed would announce a tapering of their Treasury purchases at the upcoming