Frontier market update – May 2024

In the Investment Market update for May, Frontier’s Senior Consultant Shahana Mukherjee talks about inflation edging higher in the US and Australia in March.

Cash rates have as a result remained unchanged in both countries. The increase in inflation rates has caused the RBA to revise its inflation forecast for the end of the year up to 3.8% from 3.2% previously.

Markets have also adjusted their expectations in response. In the US, the market is expecting two rate cuts in the second half of the year.

In Australia markets currently expect one more rate hike in 2024 and for rate cuts to begin next year. With Damon Grewal, Senior Relationship Manager.

Disclaimer

Frontier Advisors provides asset consultancy services to the Trustee. The Trustee also engages Frontier Advisors to provide market and investments updates to members of First Super.

Frontier Advisors is responsible for the information in this presentation.