Video: – The Fed versus the RBA - Alex Joiner
IFM’s Chief Economist, Alex Joiner, features in our Monthly Economic Update video discussing recent key developments in economies and markets globally.
In this edition, Alex discusses how the tone of global monetary policy is being set by the US Federal Reserve and its continued aggressive policy tightening in response to persistently high inflation. Interestingly, the Reserve Bank of Australia
has chosen a more cautious approach, delivering only a 25bp rate rise at its October meeting as it seeks to assess the impact of recent sharp rate rises on the vulnerable household sector.