Q+A: The Week Ahead with NAB

With the upcoming election on November 3rd, voters are encouraged to ensure they have all necessary information to participate. Resources like VoteHQ.org provide details on polling locations, early voting, and absentee ballot options, emphasizing the importance of making one's voice heard in the electoral process.

In economic discussions, Gareth Spence, head of Australian economics at NAB, highlights the significant upcoming release of the September Consumer Price Index (CPI) figures. He anticipates a strong headline number, largely influenced by a notable rise in petrol prices. However, he stresses the importance of underlying inflation measures, which policymakers monitor to gauge ongoing inflation trends without reacting to volatile monthly fluctuations.

Spence also addresses inflation expectations, noting that they play a crucial role in economic behavior and wage negotiations. He points out that while the current unemployment rate of 4.7% is historically low, it remains a concern for the Reserve Bank of Australia (RBA) as they navigate the challenges of controlling inflation amidst external pressures. The RBA's approach will be closely watched, particularly as they aim to bring inflation back to target levels by late 2027 or early 2028.

Sean Aylmer speaks with Gareth Spence, Head of Australian Economics at NAB, about the week ahead, including the September CPI figures, why inflation expectations matter, what the unemployment rate tells us about the strength of the labour market, and whether the RBA will raise rates on Melbourne Cup Day.

The Week Ahead with NAB is brought to you by National Australia Bank. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.