Economic update: RBA to hike as Iran conflict fuels inflation concerns

Global markets remained under pressure last week as the Iran conflict escalated, pushing oil prices higher and disrupting supply through the Strait of Hormuz. With equities falling and bond yields rising, investors are watching closely to see whether the US or Iran backs down – and what that means for inflation and markets. In this week’s Bassanese Bites Podcast, David Bassanese unpacks the market impact of the oil shock, the risks if Middle East energy infrastructure becomes a target, and whether the hoped-for 'TACO' moment from US President Donald Trump could bring a quick resolution. He also examines the US Federal Reserve meeting, the ongoing rotation in global equity markets, and why recent RBA commentary has markets expecting a rate hike this week despite the uncertain global outlook. Tune in for a concise expert wrap of the week’s key developments in global markets, oil prices, central banks, the Australian economy and interest rates – and what they mean for investors.