The Point

Tim Hext: Has the Aussie disinflation trend come to a halt?

Tim Hext: It’s all systems go for the RBA to cut

Amy Xie Patrick: China, the US, and the value of uncertainty

This month’s divergence in US and China rates policies wasn’t just a curiosity for money managers, observes Pendal’s head of income strategies, Amy Xie Patrick.

“It’s a study in contrasts, a reflection of deeper structural differences, and a reminder that policy effectiveness doesn’t always come wrapped in transparency or even democracy,” says Amy in her latest markets analysis.

On May 7, the US Fed left rates unchanged despite growing political pressure. Meanwhile, the People’s Bank of China delivered another dose of stimulus.

“One central bank faced market criticism over its non-committal guidance,” notes Amy. “The other moved swiftly and silently, without needing to justify its decision.

“Perhaps the most contrarian yet valuable takeaway is that less policy guidance may be a good thing.

“By avoiding the hard task of forecasting far into the future, we free ourselves from unhelpful narratives may that turn out to be false.

“By focusing on getting it right rather than always being right, we’re able to preserve the flexibility to change course when the fundamentals change.”

Read Amy’s full article here

Tim Hext: What Trump’s tariff formula means for markets

Tim Hext: Federal Budget – the three things that matter most to the bond market

Here are the key takeaways from the Federal Budget and February’s inflation data, according to head of government bond strategies TIM HEXT

Tim Hext: In the midst of chaos, staying focused on Australian data is crucial

In the midst of Trump-driven market turmoil, staying focused on Australian data remains crucial, says Pendal’s head of government bonds TIM HEXT