Relative Return Insider: Inflation, Jobs and the RBA's Wait-and-See Mode

In this episode of Relative Return Insider, host Olivia Grace-Curran speaks with AMP Chief Economist Shane Oliver to unpack the latest developments in global and Australian markets. They discuss the Reserve Bank of Australia's latest minutes and what they signal for interest rates, the surprise jump in unemployment to 4.5%, and what it means for the RBA's next move. The conversation also explores key inflation trends, consumer spending resilience, and the outlook for household activity heading into the next policy meeting. Beyond Australia, Shane examines rising geopolitical tensions in the Middle East and their impact on oil markets, including the Strait of Hormuz and shifting supply dynamics.