Market WATCh Weekly 29 April 2022

Market WATCh Weekly 29 April 2022

April 29, 2022

Domestically, annual headline CPI inflation rose to the highest level in two decades in Q1, while trimmed mean inflation surged above the RBA target. The terms of trade appears to have surged to a new record high in Q1. ANZ consumer confidence ebbed last week, despite another decline in inflation expectations. Abroad, US GDP declined in Q1, but consumer demand remained strong despite higher inflation. US durable goods orders picked up in March, but consumer confidence slipped in April. US house prices rose to a new record high in February, but pending home sales saw another decline in March.

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