Market WATCh Weekly 29 July 2022

Market WATCh Weekly 29 July 2022

July 29, 2022

In Australia, CPI inflation surprised slightly to the downside but was still elevated at 6.1% in Q2. Retail sales growth slowed to just 0.2% in June. Credit growth remained strong in June and construction costs posted another hefty increase in Q2. Abroad, the FOMC increased the fed funds rate target range by 75bps, as expected. US GDP declined for the second consecutive quarter in Q2, but this is a false signal of recession at this stage.

Download PDF