Ep29: Leading indicators warn of global recession

The Rate Debate

Central banks state they are not seeing signs of a recession as they continue hiking rates to curb spiralling inflation. But, with forward indicators flashing red across the board, low consumer confidence, declining forward sales, the US yield curve beginning to invert and the continued drop in the global equities, markets are telling us they see slowing growth ahead.

Will the RBA pause in August or will they continue to tighten at the fastest rate we have seen in 30 years and drive the country into a recession?