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Home owners can expect house prices to stop falling mid-year, but only after the Reserve Bank of Australia ends its fastest monetary tightening in 30 years, and they will have to wait longer before property prices start rising.
The US economy will experience a recession this year as the Fed remains resolute in its mission to halt inflation. But Goldman and Morgan Stanley disagree.
The RBA has restored some of its dented credibility in swiftly taking the cash rate higher, but its decision-making this year will be crucial amid an ongoing review.
Economists forecast the local currency to hit US70¢ by the middle of 2023 as the era of US dollar dominance crumbles.
Tony Boyd and James Thomson examine unpack this week’s news at Star and ASX and look forward to markets in 2023 with their first guest on the show, Katie Hudson from Yarra Capital Management.