@masters_joanne

Economist, forecaster, pundit, tennis ball chaser and referee for two teens. Views are my own.

 Sydney, Australia
Joined January 2014
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554Media
It's unusual for inflation data to come the day after a Federal Budget, but these are unusual times. The conversations we need to have about fiscal repair are even more challenging when inflation is occupying the national psyche @BarrenjoeyCap afr.com/politics/federal/inf…

Inflation is sucking the air from a reforming treasurer

The challenge of inflation and short election cycles makes it much harder for government, business and voters to focus on long-term change.

afr.com
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An interesting morning with the @AFRproperty - the Summit is always interesting and particularly so given that house prices are falling, interest rates are rising rapidly and valuations needs to reset. afr.com/policy/economy/barre…

Barrenjoey tips Sydney house price falls of 25pc, warns on recession

The RBA will tip Australia into recession and cause a ‘material’ property downturn if it lifts rates as aggressively as expected, Barrenjoey’s Jo Masters says.

afr.com
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Labour force data shows that illness (Covid, flu etc) is still disrupting the labour market and economy.
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The Jobs and Skills Summit has shown that it is possible to find some common ground. However, post-summit, the true test of Team Australia will be a willingness to compromise and sacrifice to ensure meaningful reform is passed. @BarrenjoeyCap . afr.com/politics/federal/tea…

Team Australia must set the destination to leave no one behind

Productivity-boosting reforms will leave some workers and businesses worse off, so the really hard work of finding common ground will come after the summit.

afr.com
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Can Australia weather the global storm? That's the question Tom Switzer put to @Johnkehoe23 and me on the Between the Lines podcast. The economic discussion starts at the 30min mark, ahead of that is a conversation about geopolitics. abc.net.au/radionational/pro…

Geopolitics with John Bolton. Australia's economic outlook. - ABC listen

John Bolton offers his insights and assessment of the state of international relations. Joanne Masters and John Kehoe discuss the gloomy conditions that the global economy is experiencing and how...

abc.net.au
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Wowser that’s bumper jobs data - unemployment down to 3.5%! The labour market is tight and getting tighter. There is now 1 vacancy for every unemployed person in Australia - it's critical that the government’s labour market summit delivers some quick actions.
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It’s not just a supply shock generating inflation in Australia - broader pressures are evident & @BarrenjoeyCap forecasts suggest we will see that again in the Q2 data. afr.com/news/economy/monetar…

Business, consumer confidence slump on inflation and rate rises

Growing inflation and the Reserve Bank’s push to normalise interest rates has sparked a slump in business and consumer confidence despite strong spending and forward orders.

afr.com
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House price falls have accelerated in Sydney and Melbourne since the RBA’s first rate hike and B* Economics more rate hikes and house price falls skynews.com.au/business/mark… @BarrenjoeyCap

RBA expected to hike interest rate up by ‘another 50 basis points next week’

Barrenjoey Chief Economist Jo Masters says they expect the Reserve Bank to raise the interest rate by another 50 basis points next week. Australia’s current interest rate is at 0.85 per cent, but...

news24.com.au
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Increasingly, I’m being asked if Australia is headed into a recession: at work, at Saturday sport with my children and over Sunday lunch. The answer is: we don't know for sure, but here's my thoughts @BarrenjoeyCap smh.com.au/business/the-econ…

How jobs will save us from a recession

Even in these “unprecedented” times, it’s not all doom and gloom on the economic front.

smh.com.au
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A rate rise will be another test for consumer sentiment that is already facing challenges from multiple directions. @BarrenjoeyCap afr.com/policy/economy/an-un…

An uncertain economy in dire need of a productivity reboot

A rate rise will be another test for consumer sentiment that is already facing challenges from multiple directions.

afr.com
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Interest rate rises and falling house prices being taked about in the office, in the media but also at school sport and Saturday lunch. RBA rate hike next week a certainty, only question is by how much @BarrenjoeyCap
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An inspiring story of local action that is truly shifting the dial on domestic violence, which sadly impacts too many Australians. Thank you to all involved & more broadly to our caring hairdressers who soothe our souls and our split ends. mosmantodayspaper.dailyteleg…

Mosman Daily

Mosman Daily - 2022-06-02

mosmantodayspaper.dailytelegraph.com.au
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There is growing debate about how big a rate hike the RBA will deliver at next week's Board meeting ... afr.com/policy/economy/goldm…

Goldman Sachs, BofA back 1.35pc cash rate by July

The US-based giants expect the Reserve Bank to raise the cash rate by 50 basis points at each of its next two meetings.

afr.com
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And I've been working a long time!
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Cost of living is understandably in focus given the surge in inflation and falling real wages in the midst of an election and as the Fair Work Commission considers the annual reset to the minimum wage. Great to talk with @SeanAylmer1 as always. @BarrenjoeyCap
FEAR & GREED | Business News@PodcastFear19 May 2022
New data has revealed #wages aren't keeping up with inflation. What does this mean for interest rates? Cost of living? The election? Today Sean chats with Jo Masters from @BarrenjoeyCap about the data, and what to expect in the near future. Listen here: omny.fm/shows/fear-and-greed…
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Each quarter the Financy Women’s Index gives me optimism along with a reminder of how much progress is needed. In this report, the superannuation gap dropped to 19 years from 31 years. Good news - but it's still 19 years!
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Real wages are falling and Australian households are doing it tough. Lifting productivity growth is critical if the economy is to deliver real wage growth and improving standards of living. And as well all know, that requires economic reform. @BarrenjoeyCap
Nassim Khadem@NassimKhadem17 May 2022
Will a 5 per cent pay rise for workers lift the cost of your coffee and petrol by the same amount? Unlikely, says new research abc.net.au/news/2022-05-18/p… @ABCaustralia @abcnews @TheAusInstitute @RDNS_TAI @masters_joanne #wages #CostOfLiving @ScottMorrisonMP @AlboMP #auspol #election

What's the price of a 'smaller fall in real wages'? About 9 cents per coffee, this report estimates

Boosting workers' wages by 5 per cent – for all workers, not just those on the minimum wage — would lead to an increase in prices across the economy of about 2 per cent, according to a new report.

abc.net.au
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Part of the solution needs to be productivity enhancing reform. @BarrenjoeyCap
Peter Ryan OAM@Peter_F_Ryan15 May 2022
On #AM - whoever wins on May 21 faces the daunting task of "budget repair" - what to do about deficits over the horizon, a debt bill approaching $1 trillion and a rising interest bill on that debt? Hard and unpopular decisions await @abcnews @RNBreakfast @masters_joanne @TheKouk
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There was plenty to talk to Y11 and 12 economics students about this morning - the Budget, election, rate hikes, housing affordabiltiy, job prospects, to name a few. Hopefully that conversation inspired some to go on to study economics after school. @BarrenjoeyCap
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Real wages are falling, households are worried about the cost of living and the RBA need to get monetary policy off crisis settings - great to talk about the challenges for the economy with @BloombergAU @BarrenjoeyCap
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