What to Watch - Week of 21 April 2025
Taylor Nugent | Markets Research
Past Week
- The Australia unemployment rate continues to track broadly sideways
- The RBA April Minutes added little, but pointed to May as an ‘opportune time’ to revisit the policy setting
- Upward revisions to US retail sales suggests the falloff of the US consumer into 2025 was a little less pronounced than initially suggested
- Waller entertains earlier Fed cuts if ‘significant slowdown’ but Powell wants to ‘make certain’ one time price increases do not become an ongoing problem
Week ahead
- A very short week in Australia (and NZ) with Easter Monday and ANZAC day (Friday) public holidays. There is nothing of note from the ABS or the RBA ahead of Q1 CPI the following week.
- Globally, beyond the now familiar focus on tariff developments, preliminary April PMIs are the main data of note with growth momentum in acute focus.
- The IMF/World Bank Spring meetings take place in Washington, which means an avalanche of central bank speakers including ECB’s Lane and BoE’s Bailey and Pill.
- Earnings season continues, with Tesla (Tuesday), and Microsoft and Alphabet (Friday) the highlights on the US calendar
- Beyond that, it is generally very quiet in terms of data flow outside of UK retail sales and Tokyo CPI, both Friday.
View the full report here.
Also in the What to Watch
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