Alan Oster
Alan Oster
against bank continue direction economic either engage higher inflation might monitor moving occasional oil prospect rates reserve risks slowing
The Reserve Bank will continue to monitor higher short-term inflation risks from oil against slowing economic activity. While the bank might engage in occasional bouts of jawboning, we see little prospect of rates moving in either direction for some considerable period.
business ongoing sector strength
The deterioration in agribusiness contrasts starkly with the ongoing strength in the non-farm business sector as a whole.
again businesses capital cash companies continue employment firmly future hold official outcomes rate report spending weaker
Businesses continue to look at the future with some skepticism. Companies again report weaker employment outcomes in December, while capital spending also weakened somewhat. The official cash rate is even more firmly on hold for the foreseeable future.
against appears bank business concerned demand domestic further higher inflation labor mild prospect reality reserve slowing weakness
Business appears increasingly concerned that further weakness is in prospect. The Reserve Bank is very much on hold, weighing the higher inflation reality against the prospect of further slowing in domestic demand and a mild deterioration in the labor market.
bit companies conditions confidence latest medium months quite short trading weaker
Confidence has been getting weaker for some months and trading conditions have weakened a bit in the latest survey. They could weaken more in the short term, but when you look at the medium term, companies are still quite optimistic.
against both business continuing equipment falling parts poor report retail strength wholesale
There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities, ... Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions.
bit economy firmly interest rates says slowing weakness
This says to me that interest rates are firmly on hold. This economy is slowing down and there may be a bit more weakness to come.