Monday Market Highlights: 31 July 2023

In this week’s Monday Market Highlights, Investment Analyst Kate Power discusses US evidence of a resilient economy, the PCE price index offering good news on inflation, and the Fed’s raising of the Official Cash Rate by 25 basis points. In Australia, Kate focuses on the CPI print, along with a softer retailer sales print, which was good news for inflation. In equity news, Kate covers strong earnings results, with approximately 50% of the S&P 500 having reported. She also looks into Megaport and Macquarie Bank.     This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.