Latest news with #Christopher
Courier-Mail
19 hours ago
- Business
- Courier-Mail
RBA risk falling below inflation target band when quarterly CPI numbers released
ANALYSIS A shock inflation number could see 'egg on the faces' of the RBA board today, with the central bank facing a 'real risk' of inflation landing below its preferred target band. Today will see the release of both monthly and quarterly CPI data by the Australian Bureau of Statistics. It's the latter that the RBA will be focused on, because that is the preferred data set that Governor Michele Bullock informed us she was waiting for to get a better idea of the state of play for inflation. And the annual inflation reading will be of particular interest, said SQM Research founder Louis Christopher. MORE:Shock plan that could save 30k jobs 'The 30 July numbers will be all important,' Mr Christopher said. 'After the last quarter, the 12 month CPI was 2.4 per cent. If these numbers come in as expected, we may be tracking down from that.' Mr Christopher said that quarterly inflation would need to come in at 1.1 per cent for the annual number to move in the wrong direction, but suggested this was unlikely. 'If you look at the accumulation of the previous three quarters, we had 0.2 per cent in the September quarter, another 0.2 per cent in December and then 0.9 per cent in the March quarter. That's a total of 1.3 per cent,' he said. 'Another 0.9 per cent in June and we're seeing annual inflation drop to the bottom of the RBA's target band.' Of course, if the June number mirrored one of the first two quarters, which were before Trump tariffs and conflict in Iran, the RBA could have a new problem. 'You could have inflation around 1.5 per cent on an annual basis,' Mr Christopher said. 'A read of 0.6 per cent or less will put inflation under 2 per cent. MORE:Bombshell way RBA rate calls are backfiring 'If it gets below 2 per cent, they will immediately have egg on their faces and if they then don't cut in August, someone needs to lose their job.' Why is the quarterly data more important than monthly? Every month, the ABS releases an inflation report. The most recent one, looking at May data, showed annual inflation at 2.1 per cent. While that seems about as 'in' the RBA's inflation target band of 2-3 per cent as you could be, that data was not seen as reliable enough for the RBA because it only considers 43 out of a possible 87 'expenditure classes'. This is why the RBA decided to hold and wait for the more comprehensive quarterly figures. Buried beneath the noise of those calling for a July rate cut, a few economists were on the money. MORE:Aussie suburbs with pre-Covid property prices 'Unemployment still low and the RBA will prefer to see the official quarterly CPI data at the end of July,' predicted Tim Reardon of Housing Industry Association (HIA) in Finder's regular survey of economists. 'I think the RBA will wait and see what happens in the next quarterly CPI before making any decisions about the path of interest rates,' said Dr Nalini Prasad of UNSW Sydney. And 'waiting and seeing' is what the RBA does best. However, a large investment into ABS tech and data gathering capability means that from November this year, the monthly data will include the full complement of expenditure classes, meaning the central bank will regularly get numbers it finds more reliable and can hopefully act more decisively.
News.com.au
19 hours ago
- Business
- News.com.au
RBA risk falling below inflation target band when quarterly CPI numbers released
ANALYSIS A shock inflation number could see 'egg on the faces' of the RBA board today, with the central bank facing a 'real risk' of inflation landing below its preferred target band. Today will see the release of both monthly and quarterly CPI data by the Australian Bureau of Statistics. It's the latter that the RBA will be focused on, because that is the preferred data set that Governor Michele Bullock informed us she was waiting for to get a better idea of the state of play for inflation. And the annual inflation reading will be of particular interest, said SQM Research founder Louis Christopher. MORE: Shock plan that could save 30k jobs 'The 30 July numbers will be all important,' Mr Christopher said. 'After the last quarter, the 12 month CPI was 2.4 per cent. If these numbers come in as expected, we may be tracking down from that.' Mr Christopher said that quarterly inflation would need to come in at 1.1 per cent for the annual number to move in the wrong direction, but suggested this was unlikely. 'If you look at the accumulation of the previous three quarters, we had 0.2 per cent in the September quarter, another 0.2 per cent in December and then 0.9 per cent in the March quarter. That's a total of 1.3 per cent,' he said. 'Another 0.9 per cent in June and we're seeing annual inflation drop to the bottom of the RBA's target band.' Of course, if the June number mirrored one of the first two quarters, which were before Trump tariffs and conflict in Iran, the RBA could have a new problem. 'You could have inflation around 1.5 per cent on an annual basis,' Mr Christopher said. 'A read of 0.6 per cent or less will put inflation under 2 per cent. 'If it gets below 2 per cent, they will immediately have egg on their faces and if they then don't cut in August, someone needs to lose their job.' Why is the quarterly data more important than monthly? Every month, the ABS releases an inflation report. The most recent one, looking at May data, showed annual inflation at 2.1 per cent. While that seems about as 'in' the RBA's inflation target band of 2-3 per cent as you could be, that data was not seen as reliable enough for the RBA because it only considers 43 out of a possible 87 'expenditure classes'. This is why the RBA decided to hold and wait for the more comprehensive quarterly figures. Buried beneath the noise of those calling for a July rate cut, a few economists were on the money. 'Unemployment still low and the RBA will prefer to see the official quarterly CPI data at the end of July,' predicted Tim Reardon of Housing Industry Association (HIA) in Finder's regular survey of economists. 'I think the RBA will wait and see what happens in the next quarterly CPI before making any decisions about the path of interest rates,' said Dr Nalini Prasad of UNSW Sydney. And 'waiting and seeing' is what the RBA does best. However, a large investment into ABS tech and data gathering capability means that from November this year, the monthly data will include the full complement of expenditure classes, meaning the central bank will regularly get numbers it finds more reliable and can hopefully act more decisively.
Perth Now
3 days ago
- Entertainment
- Perth Now
Travis Kelce is a great actor, says Adam Sandler
Adam Sandler thinks Travis Kelce is a "great, great actor". The 35-year-old NFL star makes a cameo appearance in Happy Gilmore 2, and Adam has admitted to being impressed by his co-star. He told Entertainment Weekly: "Travis is honestly, he came in, he hung out with us a couple days. He was just a great, great actor." Travis - who is dating pop star Taylor Swift - actually turned up on set the day after playing a game in the NFL. And Adam thinks Travis could become an acting "superstar" one day. The Hollywood star shared: "He's funny, just great personality. Just somebody that you'd want to hang out with all day long, and that he feels like he's your buddy. He feels like he will protect you. "He feels like he's going to be nice to your family. He's got everything. And as an actor, swear to God, he could be a superstar if he wanted to do that." Similarly, Christopher McDonald recently insisted that Travis is a "good actor". The 70-year-old film star appears alongside Travis in Happy Gilmore 2, and Christopher admitted to being impressed by Travis' acting skills. Speaking to People, Christopher shared: "Travis Kelce has been out there and I just really liked him as a person. He is really funny. Way too handsome, by the way, but really a good actor actually. Surprisingly good." The original Happy Gilmore movie told the story of a failed ice hockey player who turned to golf in an effort to raise money for his family. Christopher didn't actually get to play golf against Travis, but he's convinced the NFL star has "got game". The actor said: "He's a good athlete. He's a beast. I'm sure he kills the ball." Meanwhile, Travis recently rubbished suggestions that he could retire from the NFL, insisting he still has a lot to prove as a sportsman. The Kansas City Chiefs player told reporters: "It wasn't a very tough [decision] for me. "I know I'm getting older, but at the same time I still feel like I got a lot that I can prove in this league. It really wasn't that hard of a decision for me."
Irish Independent
4 days ago
- Entertainment
- Irish Independent
A house divided: Kerry vs Donegal… and two half-and-half jerseys
Kerryman Meet Christopher & Jonathan McLaughlin – originally from Firies, but for the past three years, they've called Buncrana in Donegal home. Born to their proud Kerry native mom, Amy, and staunch Donegal-supporting dad, Stephen, the two boys are the very definition of divided loyalties – even though mom Amy revealed to The Kerryman that the pair are secretly rooting for a Kingdom win (shhh, don't tell dad!).
National Post
5 days ago
- Entertainment
- National Post
Happy Gilmore 2: Adam Sandler, Julie Bowen and Christopher McDonald tee up in sequel
Article content Article content Christopher, Shooter McGavin is an iconic character. You've always said that this movie is the gift that keeps on giving. Is there something that got to do this time around that you always wanted to do? Article content Christopher: That's a good question. Yes, it is the gift that keeps on giving. I'm glad we're here at this moment because it's coming out really soon. It's something I've been praying for and been an ambassador for years. I feel there's only two ways to go with Shooter McGavin, and I don't know wanna give any thing Sure. I took a different trajectory. I think that's a fair thing to say. Article content Adam: Shooter's chipping away, man. Article content Adam: It was kind of like everything 30 years later, you had a lot of stories to think about what could happen, what went on with these people's lives and just imagining what the hell they've been through and it couldn't have been more exciting as a writer. Me and Tim Hurley would sit and we would just laugh and say maybe this happened or this happened, and Shooter's storyline was extra funny. And, Julie and I had a nice love story that we enjoyed writing about and thinking about and stuff like that. Article content Article content Adam, you were 30 when you wrote and started in the original. So how have you reflected on that time period of your life and being a comedic actor/ writer then and now? Article content Adam: Well, I think that probably the thing I thought about most was that when I shot the original, I weighed 178. Not anymore (laughs). That was fun, though. Article content Article content Christopher: 188 now. Article content Christopher: Did you use it? Article content Julie: I don't know that I actually kept anything physical. I wanted the crocodile, the alligator. I have some great pictures of me lying on top of that. It looks very real. So I do have a lot of pictures that I took back then because I had an actual camera, not a phone camera. I don't think I actually took anything, but you were complimenting Perry Blake, who was the designer for both movies — 30 years ago and all Adam Sandler movies. I would have taken Chubbs' hand. We'd have to send it around like the Stanley cup so everybody can have it. Article content Christopher: It stuck out so far. It was a side gag from day one. They were nice enough to let me take my clubs, but then the sandman gave me the driver. Now this driver was a Wilson. To this day, I still have it and I hit it like a bomb. So thank you again for that [to Sandler]. The clubs are insanely beautiful and they're a classic. Article content One of my favorite things in the film is the running gag of the many different items turned into things into flasks that we see Happy Gilmore using. Adam: That's funny, man. We wrote that stuff and then the props department, Tim, he's been doing our movies forever and he just would say, what about this? And show us something funny and that made sense. Article content Article content
