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Housing market forecast to peak, with fall in prices predicted
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Sharemarket slips as investors await start of earnings season
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Transurban (ASX:TCL) share price jumps following broker upgrade
The toll-road operator now has has a market cap of around $40 billion.
Multi Asset Portfolio Strategist at Zecca Capital Partners
Zach is a hedge fund analyst with an extensive background in equities and portfolio management. Alongside The Motley Fool, he works in portfolio strategy with a multi-asset and multi-strategy hedge fund manager domiciled across Australia and Europe. As such, he has a unique approach to research and investing, taking a top down approach to identifying unique value propositions that sit within his circle of competence. Zach enjoys the more Foolish things in life, in addition to Rugby.
By Clancy Yeates
ANZ Bank has predicted rising inflation will push the Reserve Bank to raise interest rates from record lows in 2023, earlier than the central bank’s own guidance.
As markets debate the risk of inflation, ANZ economists said on Thursday they believed unemployment would keep falling, hitting 4.2 per cent by late 2023.
While wage growth has been stuck in low gear for years, the economists said the tighter labour market would push up wages growth to more than 3 per cent.
As a result, they said inflation would return to the middle of the RBA’s 2 to 3 per cent target range by the end of 2023.
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