Latest Updates
A snapshot of the latest market updates from our Economic Services team.- 20 Dec 2024 Daily Report 20 December 2024The negative sentiment sparked by the upward revision to FOMC fed funds rate projection path continued on Wall Street into Thursday, though the pace of the losses slowed. The Australian dollar appreciated a little following the freefall yesterday morning, but the AUD/USD is still 8.5% down this year so far, the most since 2013.
- 20 Dec 2024 Market WATCh Weekly 20 December 2024The FOMC delivered a hawkish fed funds rate cut, lifting the interest rate projection path for the coming years and for the longer run. Other G10 central banks that announced their decisions this week mostly kept their interest rates unchanged. Data-wise, the flash PMIs for December confirmed strong expansion in the US and stagnation or contraction in other major advanced economies.
- 10 Dec 2024 Monthly Update November 2024Western Australian gross state product rose by 0.5% in 2023-24, with weather conditions dragging on mining output. The wage price index in Western Australia rose by 1.2% in Q3 (unadjusted), to be 3.5% up through the year. Western Australian employment ebbed 1.1k in October, while the unemployment rate ticked up to 4.0%. Perth home prices picked up by 1.1% in November, the most of all the capitals.
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A daily summary of financial market developments and key macroeconomic data.
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A monthly summary of domestic market developments and Western Australian data.
External Financial Resources
Reserve Bank of Australia
Australian Bureau of Statistics
Department of Treasury WA
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Top - North Quay Terminals, Fremantle. Image courtesy of Fremantle Ports.
Below - Port of Port Hedland. Image courtesy of Pilbara Ports Authority.