Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.
In this episode, we will discuss the collapse of Silicon Valley Bank, the second-largest collapse in American banking history. We’ll also talk about how this links to the fall of Credit Suisse which generated fears of a future banking crisis. We will also address the increasing interest rates and employment data. Adding another layer to the challenge of balancing inflation and interest rates in the US. In addition, the expectation of the RBA decision, in light of the recent inflation data and the current difficulties in the US banking industry and what that means for our domestic market.
Stay informed and keep up with the latest developments in the market to make informed investment decisions.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
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The collapse of Silicon Valley Bank, the second largest collapse in American banking history
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The collapse of Credit Suisse with similar issues, leading to concerns about contagion and potential banking crisis
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The future for interest rates
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The employment and unemployment data rate in US
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The Reserve Bank of Australia (RBA) and future rate decisions back home
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Inflation data
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About the property and rental market
