In August, the focus was on US Federal Reserve chair Jerome Powell’s speech, during which he reinforced the focus on bringing US inflation down, even at the risk of recession.

In Australia, economic conditions are less gloomy, with a good results recorded on our trade surplus and annual wages growth.

The ASX 200 showed resistance to US and global falls, performing more steadily over the month.

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.