Very possible ...but he may will like to start with 50bps cut so may wait till Nov meeting ....though it doesnt matter much now ...market will adjust the rates asap and stocks will start doing their gig also
Stats NZ says: The trimmed-mean measures – which excludes extreme price movements – ranged from 3.4 to 3.8 percent in the 12 months to June 2024 quarter. This indicates that underlying inflation is higher than the 3.3 percent increase in the CPI.
Whatever the number things are still costing more and we’ll never get all the price rises over recent years will be ….so pain will continue for a lot
But as long as ‘investors’ make money because of rate cuts that’s good eh
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Stats NZ says: The trimmed-mean measures – which excludes extreme price movements – ranged from 3.4 to 3.8 percent in the 12 months to June 2024 quarter. This indicates that underlying inflation is higher than the 3.3 percent increase in the CPI.
Whatever the number things are still costing more and we’ll never get all the price rises over recent years will be ….so pain will continue for a lot
But as long as ‘investors’ make money because of rate cuts that’s good eh
The way 10Y and NZD behaving ...Markets not very enthusiastic with CPI report ...so more work / wait maybe in order
Rotation is taking place. I kept Interest on small caps as they had low pe ratios. Generally, Institutional investors overlook small caps.Small companies start as small and later they become big. Interest rates may come down at some point but the biggest question is will sky rocketed asset prices come down to the level which can prevent bursting bubbles and major market crashes? Coming period is very crucial for markets.
Very possible ...but he may will like to start with 50bps cut so may wait till Nov meeting ....though it doesnt matter much now ...market will adjust the rates asap and stocks will start doing their gig also
market priced that in . inflation well under 3% now if you remove the 3 items outside there control.
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