Quarterly Market Update - 31 December 2024

Global share markets hit record highs in 2024, and for the most part the rally continued into the last quarter, although faltered in the final weeks of the year.  In a year dominated by speculation around interest rates, the December quarter saw three cuts to the cash rate from the Federal Reserve, driving the US market to another dominant performance.  In Australia, the Reserve Bank at their December meeting kept interest rates on hold for the ninth consecutive meeting and reiterated that inflation remains too high.  A slowing economy and high interest rates have led to a quiet end to a dramatic year.  For many, waiting for the Australian cash rate to come down feels a bit like waiting for Godot to arrive…

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