Macro View | James Foster
Independent Australian and global macro analysis
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Friday, October 24, 2025
Macro (Re)view (24/10) | US CPI no barrier to Fed cut
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Major equity markets swung from gains to losses but ended the week higher across the globe. A US CPI report that delivered cooler-than-expe...
Friday, October 17, 2025
Macro (Re)view (17/10) | November cut back on table for RBA
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Equities mostly advanced over the week, though sentiment was shaky amid continued uncertainty over US-China trade. Concerns over US regional...
Wednesday, October 15, 2025
Australian employment 14.9k in September; unemployment rate 4.5%
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A shock rise in Australia's unemployment rate to 4.5% in September - well above expectations to its highest since late 2021 - has put an...
Preview: Labour Force Survey — September
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Today's Labour Force Survey (due 1130 AEDT) is expected to report Australian employment rebounded by 20k in September from its shock 5.4...
Friday, October 10, 2025
Macro (Re)view (10/10) | Tariff turmoil strikes again
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President Trump's threat to impose a 100% duty on Chinese imports 'over and above' existing tariffs from November 1 has renewed ...
Friday, October 3, 2025
Macro (Re)view (3/10) | Markets brush off shutdown concerns
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Market sentiment remained upbeat despite the US government shutdown, which delayed the key nonfarm payrolls report for September. The avail...
Wednesday, October 1, 2025
Australian household spending rises modestly in August
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Australian household spending rose by a very modest 0.1% in August, below expectations for a 0.3% increase. Annual growth eased from 5.3% to...
Australia's trade surplus narrows to $1.8bn in August
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Australia's goods trade balance fell from $6.6bn to $1.8bn in August, the lowest surplus posted since June 2018 and vastly below the $6....
Tuesday, September 30, 2025
RBA unchanged in September
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The RBA left the cash rate at 3.6% in a unanimous decision by the 9-member Monetary Policy Board at today's meeting in Sydney. Having c...
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