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Showing 51 - 60 of 2991 results for Benjamin Ong

Chief economist update: Recovery flashing hot, hot, hot

BENJAMIN ONG  |  MONDAY, 24 MAY 2021
The impact of decelerating coronavirus infections, accelerating vaccination momentum - permitting relaxation of restrictions - sprinkled with generous dashes of fiscal and monetary largesse have been captured in Markit Economics' latest PMI surveys. ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
"Prediction is very difficult, especially if it's about the future." This quote from Danish physicist and Nobel Prize in physics winner Niels Bohr has been proven time after time but more recently in the Australian Federal Treasury's prediction ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
"March quarter 2021's moderate growth was influenced by regularly scheduled increases. Improved business conditions saw employers revisit wage reviews postponed during the height of the pandemic." This was how Michelle Marquardt, head of price statistics ...

Chief economist update: Confidently sustaining the recovery

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2021
Simply stunning! "The April survey result is simply stunning - with many variables reaching survey highs. Conditions reset last month's high, driven by further gains across trading conditions, profitability and employment. Confidence has also set ...

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
Slowing to normal? Slowing or just normalising? This is the question prompted by the release of China's latest activity stats - a question whose answer will determine future policy moves by the People's Bank of China (PBOC) and the Politburo. ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
Inflation was the "word" over the week that was. Concerns over US inflation eased somewhat at the start of last week after US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added 266,000 jobs in April, well ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
US Federal Reserve Bank of St. Louis president James Bullard's recent virtual presentation provided a timely venue for the Fed to push back on inflation fears that drove equity markets down a day before. The Federal Reserve Bank of St. Louis' ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
Wall Street's down! All four US benchmark equity indices dropped overnight - the Dow by 1.99; the S&P 500 by 2.1%; the Nasdaq composite by 2.7%; and the Russell 2000 by 3.3%. The yield on 10-year US bonds increased to 1.70% from 1.62% the day before. ...

Chief economist update: Frydenberg spends big

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2021
"Australia's economic recovery is now well underway and we must keep the momentum going... but, this pandemic is not over. For as long as the virus persists, so will we. So tonight, we go further." This is according to federal treasurer Josh Frydenberg ...

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
The price of iron ore continues to heat up. It broke above the all-time high of US$191.70 a tonne recorded more than 10 years ago (February 2011) on 6 May 2021 and is currently fetching 215.48/tonne. This represents a 31.4% increase from end-2020's ...