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RBA Cash Rate November 2022: Rate Hike Again But When Will It Stop?

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While the race that stops a nation will have the eyes of Australians everywhere today, another decision drawing just as much interest has been released.

In the Reserve Bank of Australia’s (RBA) November update – which happens to coincide with Victoria’s Melbourne Cup Day – Ben breaks down our seventh consecutive rate hike:

Have we continued last month's 25BP lift or did we take a U-Turn back to the 50BP? Tune in to hear Ben unpack the data behind the decision and how we can actually impact – and stop – interest rates together.

???? https://empowerwealth.com.au/blog/rba-cash-rate-november-2022

Tune in to hear him unpack and data dive into a few topics, including:
???? Global growth outlook continues to sour
???? The RBA is following through on its promise because we continue to spend too much...
???? Politics is a mugs game - there is just one problem - they control the economy: Our “reprioritised” Federal Budget
???? Australia’s inflation surges to highest annual pace in more than 32 years
???? The International Monetary Fund: “The worst is yet to come”
???? The US hikes its rates, but why Australia won’t reach these levels...
???? Ben’s past month prediction, future forecasting, and how to avoid getting swept up in fearful market sentiment.
???? How to avoid getting swept up in fearful market sentiment, plus much more!

TIMESTAMPS:
0:00 - Welcome Back!

World Economic Update Segment:
00:33 – IMF’s Global Growth Forecast
1:31 – United States: Interest Rates
1:58 – United States: Will Aus Cash Rate Get As High As the US?
3:15 – United States: Inflation
5:17 – United States: GDP & Productivity
8:02 – United States: Employment
9:12 – China: Fait Accompli
9:30 – China: Inflation & Producer Price Index
11:03 – China: Overall Economy Outlook
11:34 – Europe: Inflation
12:13 – Europe: Consumer Data
12:46 – Europe: Business Data
14:02 – Europe: Overall Economic Update

Australian Economy Segment
14:46 – The Cash Rate Announcement!
15:38 – Why Is RBA Still Increasing The Cash Rate?
18:32 – CPI & Inflation
22:22 – Retail Spending
25:38 – Jobs & Unemployment
27:17 – Consumer Sentiment & Confidence
28:24 – Business Confidence & Conditions
30:23 – Federal Budge 2022-23
27:50 – Summary

Australian Property Market Update
41:24 – General Update
45:51 – Overall Property Outlook

Get the full update here: https://bit.ly/3DNhDNG
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