Market Movements and Economic Review (August 2022)

Rising inflation and interest rates remained the focus of attention in July.

Inflation jumped to 6.1% in the year to June and the Reserve Bank lifted the cash rate in July, with similar increases tipped to come.

Stocks rallied as investors looked past fears of inflation increases and interest rate hikes.

Please contact our office if you’d like assistance with your personal financial situation.

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Ben Wieland
EGU | Partner and Senior Financial Adviser

1300 102 542 | 0423 710 820
ben@egu.com.au
GPO Box 1598 Brisbane QLD 4001

This is general advice and has been prepared without considering your objectives, financial situation, or needs. You should therefore consider the appropriateness of the advice, in light of your own objectives, financial situation, or needs, before following this advice. If the advice relates to the acquisition, or possible acquisition of a particular financial product, you should obtain a copy of, and consider, the Product Disclosure Statement (PDS) for that product before making any decision.