RBA's Hauser set to speak on inflation as AGM season kicks into gear, Tesla reports
An appearance from the RBA's deputy governor will headline the week in macro, but there'a also plenty going on in the corporate world in both Australia and the US.
Following last week's stronger than expected jobs result, and with little data due out this week, there's additional scrutiny on how the Reserve Bank is interpreting the resiliency in the labour market.
Here’s what you need to know about the key economic releases this week.
New numbers
The data: Weekly payroll jobs, Australian Bureau of Statistics
When: Thursday 24 October 2024
Why it matters: The RBA has a dual mandate and aims for full employment and a stable inflation rate of 2% to 3%. Critical quarterly inflation data is due out next week, ahead of the RBA's November meeting, and economists are focused on how this dataset will play with the latest information about the jobs market.
Each additional datapoint will feed into the discussion about what is happening to jobs across different industries, with some economists thinking there's a "two-speed" jobs market right now. However, this data is from August so won't be as salient as last week's full labour report.
