farrelly’s Dynamic Asset Allocation (AU) - September 2023 Update
Portfolio Construction Forum | 11 September 2023
What’s new this quarter?
Tipping Point Tables - Expected returns have changed little over the quarter. Most markets remain at around Fair Value.
Editorial - We update last quarter’s report on inflation in the US, Australia and New Zealand.
- In all three economies, inflation is falling but not yet to levels at which central banks are likely to ease rates. Regardless of short-term inflation data, labour markets are still too tight and are the main concern for central bankers right now.
- We have reviewed the risks of higher inflation becoming ingrained in world e...