Alex Joiner

Dr Alex Joiner is IFM Investors’ Chief Economist and has well over a decade of experience in the field. He is responsible for the firm’s economic, financial market and policy analysis and forecasting and is also a member of IFM’s Investment...

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Australia: Good... but not great

Alex Joiner

In Australia, the outlook remains mixed, labour market and confidence metrics have remained solid early in the year and this is expected to continue. Yet other activity indicators continue to suggest a more modest pick up in growth may be expected with limited price pressures. Show More

inflation growth rates macro

Will the RBA hike in 2018?

Alex Joiner

The most important question for 2018 in an Australian context will be whether the economy is strong enough for the Reserve Bank of Australia (RBA) to start removing policy accommodation. That is to say, to have confidently begun a tightening cycle. This is the expectation of most market economists and... Show More

employment inflation wages rba rates

Concerning trends in the household sector

Alex Joiner

Trends emerging in the household sector are becoming concerning, despite solid employment growth. The absence of an acceleration of wages growth, weak overall income growth and higher costs of living has seen consumer confidence remain subdued. Show More

inflation housing rates residential

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Central banks rising as one? Not quite...

Alex Joiner

The Fed is clearly well out in front in reducing monetary policy stimulus. Its stance was demonstrated again in June as the FOMC (Federal Open Market Committee) increased the Federal Funds Rate by 25bp. As a result, the target rate rose to 1.00- 1.25%, while the Committee noted that the... Show More

fed ecb inflation rba qe boj rates BOE QU

2 factors weighing on the Australian dollar

Alex Joiner

US ten-year bond yields have fallen approximately 25bp since March and are at around 2.1%. Australian government bond yields have likewise fallen by around 60bp to 2.4%, after briefly looking to breach 3% back in February. However, what is more notable is the narrowing of the spread between the two,... Show More

fed inflation australian dollar rba dollar economics us rates macro

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