Stay up to date with what’s happened in the Australian economy and markets over the past month.
May delivered mixed signals for the Australian economy with inflation easing slightly, although underlying inflation edged marginally higher.
The softer-than-expected inflation data reduced expectations of further rate hikes in the near term.
Australian share markets were volatile. The ASX 200 moved within a relatively narrow range through the month, slipping slightly overall despite periods of strength linked to resources and AI‑related stocks.
Globally, markets continued to be shaped by Middle East tensions and ongoing inflation concerns. US markets made some big gains with the S&P 500 hitting an all-time high in the final days of May, up by just over 28% year-on-year.
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