Stephen Miller of GSFM discusses the Federal Reserve’s decision to leave the policy rate unchanged, highlighting concerns over rising unemployment and inflation. He predicts a ‘stagflation light’ scenario for the US due to persistent inflation and potential economic slowdown from tariffs, and comments on the Australian Labour government’s approach to productivity and tax reform, while anticipating a rate cut from the Reserve Bank of Australia.

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.
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