AUUR-AUINTR HEADING FOR CONVERGANCE?The Interest rates are inversely correlated to unemployment rates in Australia. The last time they intersected was 2008 GFC, and they appear to be headed the same way, with unemployment forecast for 4.8% in Q12024.
- Takeaways
When interest rates are up unemployment is down and vice versa
Last time they had a major divergence/convergence was a global economic event (GFC, COVID)
Any thoughts let me know in comments?
