Virtuous Wealth and GPS Wealth presents the June GPS Wealth Monthly Market Update. These updates from our licensee group assist us with strategies and give context to investment decisions.
While inflation is easing, it’s still higher than desired, keeping the RBA cautious about further interest rate cuts. The budget has provided some relief for households with tax cuts and cost of living support.
The report also touches on the global landscape, noting concerns about potential trade wars stemming from the US elections, while China’s lifted trade barriers offer hope for Australian exporters.
Overall, the message is one of cautious optimism:
- Positive: Inflation is down, the budget provides relief, and China’s trade barriers are easing.
- Cautious: Inflation is still high, the RBA is holding back on cuts, and potential trade wars are looming.
The report emphasises the importance of having a sound financial plan and seeking professional advice to navigate these uncertain times.
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