Economy
All the latest in government, politics, markets, policies, global events and broader trends that are impacting your money.
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The Organization of the Petroleum Exporting Countries (OPEC) has postponed an important meeting scheduled for the weekend, suggesting potential discord among members, according to Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank.
" ["fulltext"]=> string(3047) "The delay, reportedly due to troubles in discussions between Saudi and African members, indicates that the proposed additional cut of 1 million barrels per day (mbpd) might not be enough to sustainably boost oil prices.
The decision to hold off the meeting emerges from indications that the market did not rally as expected on news that Saudi Arabia may double its production reductions. Ozkardeskaya highlights, "Saudi likely sensed in this week’s poor price action - ‘buy the fact that Saudi will double its production cuts’ action - that 1mbpd extra cut wouldn’t send the oil prices higher, sustainably." It appears the nation is now seeking more substantial commitments from its fellow OPEC members, a process that seems to be fraught with difficulty.
Historically, Saudi Arabia has played the role of 'swing producer,' capable of balancing the global oil markets by adjusting its production levels to stabilize prices. However, Ozkardeskaya notes a change that occurred in the 1980s where "Saudi Arabia has shifted its strategy and opted for a market share approach," a tactic that dramatically increased production and led to an oversupply in the global oil market.
The current situation sees the American crude barrel price waver, dropping to $73.50 per barrel then recovering to $76, while Brent crude fell below $80 per barrel before rebounding. These market movements come amidst broader concerns over a global slowdown, overshadowing fears of supply restrictions.
The article also sheds light on other economic projections, pointing to Germany's slashed growth forecasts for 2024 due to constitutional issues around government spending, and the UK's downgraded estimates, despite tax relief measures announced by Jeremy Hunt. For the UK, even with the alluring "100% tax relief – on companies’ capital spending," the overall tax burden is expected to increase, reaching a high not seen since the post-World War II era.
Adding to economic pressures, disinflation appears to be on the horizon in the US, making this year's Thanksgiving more affordable. Adobe Analytics anticipates a 5.4% increase in Thanksgiving shopping, a figure that remarkably disregards a 12% growth adjusted for online deflation. Yet, this consumer spending is not entirely positive, as it partly stems from savings and debt, hinting at sustainability issues.
As Thanksgiving approaches, the US sees a drop in the costs of traditional holiday items, providing some relief to consumers. However, traders should brace for potentially erratic markets due to thin trading volumes typical of the holiday period.
In conclusion, Ozkardeskaya warns of the potential volatility in trading, "Thanksgiving is one of the calmest trading days of the year. Expect thin trading volumes and higher volatility." The intersecting narratives of OPEC negotiations, nationwide tax policies, and consumer spending patterns weave a complex picture of the global economic environment heading into the year's end.
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The Organization of the Petroleum Exporting Countries (OPEC) has postponed an important meeting scheduled for the weekend, suggesting potential discord among members, according to Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(110) "/invest-money/economy/opec-delays-crucial-meeting-amidst-challenging-negotiations-and-global-economic-concerns" ["image"]=> string(137) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1687932795/Accountants%20Daily/inflation-arrows-coins-ad_hveitn.jpg" ["image_alt"]=> string(88) "OPEC delays crucial meeting amidst challenging negotiations and global economic concerns" } [1]=> object(stdClass)#8000 (57) { ["id"]=> int(18378) ["title"]=> string(68) "Impact of inflation on Australian investments: What you need to know" ["alias"]=> string(67) "impact-of-inflation-on-australian-investments-what-you-need-to-know" ["introtext"]=> string(190) "Inflation is often touted as the silent enemy of investors. While it’s a normal part of most economies, unchecked inflation can erode the real value of your investments over time.
" ["fulltext"]=> string(4699) "As Australian investors grapple with this economic phenomenon, understanding its impact is crucial for safeguarding long-term financial goals. This article unpacks the intricacies of inflation and its effects on different types of investments.
What is inflation?
Inflation refers to the general increase in prices of goods and services over time, resulting in reduced purchasing power. Measured as an annual percentage increase, inflation impacts everything from your daily groceries to your long-term investments.
Inflation is caused by a variety of factors, but one of the primary drivers is the increase in the money supply. When there is more money circulating in the economy, people have more purchasing power, which leads to an increase in demand for goods and services. As demand increases, producers and sellers can raise their prices, resulting in inflation.
How does inflation affect investments?
The real return on an investment is its nominal return minus the rate of inflation. Even if an investment offers a 5 per cent annual return, a 2 per cent inflation rate will reduce the real return to just 3 per cent.
Inflation diminishes the value of future payments from bonds and other fixed-income securities. This makes them less attractive during high-inflation periods.
Companies may face increased costs due to inflation, affecting their profitability and, consequently, their stock prices. However, some companies can pass on these costs to consumers, which can protect their profit margins.
Tangible assets like real estate and commodities often serve as a hedge against inflation.
Investment strategies to counteract inflation
Treasury Inflation-Protected Securities (TIPS) are government-issued bonds specifically designed to safeguard against inflation. They achieve this by adjusting the principal amount in accordance with the prevailing inflation rates.
Real Estate is traditionally considered a strong hedge against inflation. This is due to the fact that property values and rents tend to rise during periods of high inflation, making real estate investment an attractive option.
Stocks with Pricing Power are those held by companies capable of passing on increased costs to consumers without losing market share. Such companies are generally well-positioned to endure inflationary pressures.
Commodities, including assets like gold and oil, often exhibit strong performance during inflationary periods. Investors often turn to these commodities as a means of preserving value in their portfolios.
Diversification is a key strategy for mitigating the adverse effects of inflation. A well-diversified portfolio, comprising a mix of different asset classes, can help protect your investments from the eroding effects of inflation.
Tips for Australian investors
It's essential to be proactive in managing your investments. Rather than waiting for inflation to spike, consistently assess the inflation risks within your portfolio.
When crafting your investment approach, prioritize the long term. Don't be swayed by short-term fluctuations; stick to your established long-term investment strategy.
Seek the expertise of a financial adviser to navigate your investment journey effectively. Professional guidance can assist you in tailoring a strategy that takes into account inflation risks while aligning with your specific financial objectives.
Conclusion
Inflation is an inevitable part of the economic cycle, but it doesn’t have to spell doom for your investment portfolio.
By understanding the dynamics of inflation and employing strategies to counteract its effects, Australian investors can better protect their financial futures.
By staying informed and proactive, Australian investors can strategically navigate the choppy waters of inflation, ensuring their investment portfolios remain robust and geared for long-term success.
This article is intended for informational purposes and should not be considered as financial advice. Consult a financial adviser for personalised advice to suit your individual circumstances.
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Inflation is often touted as the silent enemy of investors. While it’s a normal part of most economies, unchecked inflation can erode the real value of your investments over time.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(89) "/invest-money/economy/impact-of-inflation-on-australian-investments-what-you-need-to-know" ["image"]=> string(159) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1699328167/Impact_of_inflation_on_Australian_investments_what_you_need_to_know_hc2wwf.png" ["image_alt"]=> string(0) "" } [2]=> object(stdClass)#7999 (57) { ["id"]=> int(18351) ["title"]=> string(76) "Economists downgrade outlook following higher inflation and lower real wages" ["alias"]=> string(76) "economists-downgrade-outlook-following-higher-inflation-and-lower-real-wages" ["introtext"]=> string(159) "The vast majority of chief economists surveyed by the World Economic Forum believe inflation will be high or very high in the US and Europe this year.
" ["fulltext"]=> string(3167) "Expectations of an economic recovery have been overshadowed by fears of lower economic activity, higher inflation and lower real wages in the year ahead, a new survey by the World Economic Forum (WEF) has found.
The survey of 24 global chief economists released at WEF’s annual meeting in Davos this week indicated that the war in Ukraine, new COVID-19 variants and associated supply shocks have underpinned expectations for high inflation in most regions globally during 2022.
About 96 per cent of the surveyed economists expect inflation will be high or very high in the United States this year, followed by 92 per cent for Europe and 86 per cent for Latin America.
Meanwhile, the East Asia and Pacific region, including Australia, is expected to fare slightly better with only 39 per cent of those surveyed citing high or very high inflation expectations, while 43 per cent had a moderate outlook for inflation in the region.
Alongside high inflation, 69 per cent of the economists said that average real wages would likely decline in advanced economies in the near term, rising to 90 per cent for low-income economies.
“We are at the cusp of a vicious cycle that could impact societies for years. The pandemic and war in Ukraine have fragmented the global economy and created far-reaching consequences that risk wiping out the gains of the last 30 years,” said WEF MD Saadia Zahidi.
“Leaders face difficult choices and trade-offs domestically when it comes to debt, inflation and investment. Yet business and government leaders must also recognise the absolute necessity of global cooperation to prevent economic misery and hunger for millions around the world.”
Most of the economists surveyed held a moderate outlook for economic activity this year in all regions except Europe, where activity is expected to be weak.
For the East Asia and Pacific region, 77 per cent had a moderate outlook, followed by 18 per cent with a strong outlook and only 5 per cent who had a weak outlook.
According to 46 per cent of those surveyed, the risks associated with higher inflation in advanced economies outweigh those associated with short-term contraction due to monetary tightening, while 27 per cent were uncertain and a further 27 per cent disagreed.
To offset increasing consumer prices, 54 per cent agreed that there would be energy price subsidies in advanced economies while 41 per cent believed there would be food price subsidies.
WEF also commissioned a separate survey on how residents of 11 countries were coping with the cost-of-living challenges.
A quarter of respondents said they were finding it quite difficult or very difficult to manage financially at present, ranging from 67 per cent of respondents in Turkey to 16 per cent for those in the United States.
Around 21 per cent of Australian respondents indicated they were finding it difficult or very difficult to manage financially, while 26 per cent said they were ‘just about getting by’, 34 per cent were ‘doing alright’ and 18 per cent were ‘living comfortably’.
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The vast majority of chief economists surveyed by the World Economic Forum believe inflation will be high or very high in the US and Europe this year.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(98) "/invest-money/economy/economists-downgrade-outlook-following-higher-inflation-and-lower-real-wages" ["image"]=> string(47) "images/article-826x550/increase_decrease_ne.jpg" ["image_alt"]=> string(37) "higher inflation and lower real wages" } [3]=> object(stdClass)#7998 (57) { ["id"]=> int(18350) ["title"]=> string(72) "Commonwealth Bank keeps economic forecasts unchanged after Labor victory" ["alias"]=> string(72) "commonwealth-bank-keeps-economic-forecasts-unchanged-after-labor-victory" ["introtext"]=> string(150) "The bank said that a change in government did not currently necessitate a change to its economic forecast nor its interest rate expectations.
" ["fulltext"]=> string(3553) "Economists from the Commonwealth Bank (CBA) have announced there will be no immediate changes to the bank’s forecasts following Labor’s election victory.
“In our view, there was little proposed by the incoming government during the election campaign that at this stage requires us to revisit our economic forecasts,” explained CBA head of Australian economics Gareth Aird.
“Put another way, our economic forecasts and call on the [Reserve Bank] RBA are unchanged despite the change of national leadership.”
The bank currently expects underlying annual inflation to climb to 4.6 per cent in the December quarter, up from 3.7 per cent in the March quarter, before settling at 2.7 per cent in the final quarter of 2023.
The unemployment rate, which reached a near 50-year low of 3.9 per cent in April, is expected to remain at 3.75 per cent through to the end of 2023, while the wage price index is expected to steadily rise from 2.4 per cent currently to 3.4 per cent by the end of next year.
Additionally, an annual GDP growth rate of 4.4 per cent has been forecasted by the bank for the fourth quarter of this year before growth reverses to reach 2.6 per cent in Q4 2023.
“There will of course be some policy shifts. Reform is expected around aged care, childcare, housing and health. And there will be a greater emphasis on climate-related policies given Labor has set an emissions reduction target of 43 per cent by 2030 as compared with the previous Coalition government’s 26 to 28 per cent target by 2030,” noted Mr Aird.
“But these areas do not shift the dial for our economic forecasts, which extend to end-2023.”
On interest rates, Mr Aird maintained that the RBA is still expected to deliver a “business as usual” rate hike of 25 basis points next month.
“The Q1 22 WPI, released last week, indicates the RBA is not facing a prices wages spiral anything like what is currently being observed in some other jurisdictions. As a result, the RBA does not have to run hard against wages growth by aggressively hiking the cash rate,” he said.
“In addition, the optics of delivering a larger than 25-bp increase in the cash rate in June might imply that the RBA board has changed their assessment of the outlook for inflation and/or inflation risks based on the change of government.”
Looking further ahead, CBA said that hikes to the cash rate are expected in July, August and November, bringing the cash rate to 1.35 per cent. The bank forecasted one more lift for February next year, which would bring the rate to 1.60 per cent, where it is expected to remain throughout 2023.
“A new budget is expected to be handed down in October 2022. The new budget will fully flesh out the Labor government’s fiscal strategy,” added Mr Aird.
“We will take any information forthcoming from the new government, including in the expected October budget, into account when assessing the economic and policy outlook.”
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The bank said that a change in government did not currently necessitate a change to its economic forecast nor its interest rate expectations.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(94) "/invest-money/economy/commonwealth-bank-keeps-economic-forecasts-unchanged-after-labor-victory" ["image"]=> string(46) "images/article-826x550/CBA-building-new-ne.jpg" ["image_alt"]=> string(3) "CBA" } [4]=> object(stdClass)#7997 (57) { ["id"]=> int(18348) ["title"]=> string(56) "New Treasurer outlines Labor’s top economic priorities" ["alias"]=> string(54) "new-treasurer-outlines-labor-s-top-economic-priorities" ["introtext"]=> string(124) "Jim Chalmers has indicated that the Labor government will be going through this year’s budget “line by line”.
" ["fulltext"]=> string(6124) "Treasurer Jim Chalmers has suggested that the Labor government is facing “probably the trickiest set of economic conditions” that a new government and a new treasurer have ever inherited as a result of rising inflation, falling real wages and the current level of government debt.
Mr Chalmers was among the four Labor ministers sworn into office on Monday alongside Prime Minister Anthony Albanese.
The new treasurer told Sky News that the government’s top priority is implementing its election campaign commitments to address major economic challenges.
“We've got inflation, which is going through the roof. Real wages which are the worst in more than 20 years. We do have that trillion dollars in debt and not enough to show for it. So the work that we've begun already, is to go through the budget line by line,” he said.
“We will be having an audit of the former government's rorts, waste and economic mismanagement. We will start the work this week towards the budget that I want to hand down towards the end of October.”
In terms of how Labor will seek to tackle debt, Mr Chalmers noted that the party has already vowed to keep stage three of the Coalition’s tax cuts and will instead prioritise a crackdown on multinational tax avoidance, while rolling out a “substantial program of savings”.
“We've done a lot of work already when it comes to savings. But there will be much more work to be done,” said Mr Chalmers.
He added that tackling the alleged “rorts, waste and mismanagement” in the Coalition’s budget would allow Labor to focus on priority areas as outlined in its election campaign.
“We want to start to address that so that we can invest that money more wisely in places that will actually grow the economy - like child care, cleaner and cheaper energy, skills and training and TAFE so that we can address the skill shortages which are holding our economy back,” Mr Chalmers said.
In a separate interview with the Today Show, Mr Chalmers predicted inflation to pick up.
“This economy was on a trajectory already of inflation that will get worse before it gets better. It's already higher, but it will rise further,” he said.
“There will be a number of interest rate rises that were already locked in before the government changed hands. So that will make life harder for people.”
He reiterated Labor’s support for a minimum wage increase in order to keep up with the rising cost of living.
“We want to get real wages moving again by making the economy more productive and growing it the right way. That's why our investments in skills and training, cleaner and cheaper energy, cheaper childcare, advanced manufacturing, a future made in Australia - all of these key planks of our economic policy are going to be really important,” said Mr Chalmers.
“So I'll be spending some time between now and the October budget making sure that we can implement those commitments in the most responsible way, to get the biggest bang for buck in terms of the economic dividend that we can.”
Economic repercussions
Discussing the economic implications of Labor’s election win, AMP’s Shane Oliver said on Monday that the absence of significant macro policy differences between the new Labor government and the Coalition suggests minimal impact on the share market and the Australian dollar.
“Like the Coalition, the ALP is largely looking to repair the budget by growing the economy rather than austerity,” Dr Oliver said.
The new government’s pre-election costings suggest extra spending of $18.9 billion over the next four years offset by $11.5 billion in savings to be from taxes on multinationals, a crackdown on tax avoidance and a cut in public sector spending.
In regards to policy changes, according to Dr Oliver, key economic policy changes under the Labor government are expected to include the following:
- Faster climate action with a 43 per cent cut to emissions below 2005 levels by 2030 versus the Coalition’s 26 to 28 per cent cut.
- An extra $2.5 billion per annum in aged care funding.
- An extra $750 million on Medicare.
- A lift in the childcare subsidy to 90 per cent for the first child in care.
- A $15-billion National Reconstruction Fund and Federal procurement programs to support manufacturing.
- Housing support policies with a Help to Buy scheme with the government to take up to 40 per cent equity in up to 10,000 first home buyer home purchases a year, including support for the Coalitions 50,000 low deposit purchase scheme with an additional 10,000 places in regions and support for the Coalition’s super concessions for downsizers over the age of 55.
- Encourage the Fair Work Commission to raise the Minimum Wage by 5.1 per cent.
- Make gender pay equity an objective in the Fair Work Act.
- The ALP proposed no tax hikes apart from measures to tax multinationals more
Labor’s proposed policies will add an estimated $1.9 billion to the budget deficit in 2022-23 for a total projected deficit of $79.7 billion.
“The addition to the deficit is only 0.1 per cent of GDP p.a. though and it should also be noted that if the improvement in the budget numbers since March due to higher commodity prices and lower unemployment continues then the deficit numbers could be much lower,” said Dr Oliver.
The days of low inflation and low bond yields that allow for big budget deficits and high debt are now in the past according to Dr Oliver, and government borrowing needs to be reduced faster to take pressure off inflation and interest rates with more policies needed to boost productivity.
“While new Treasurer Jim Chalmers has indicated a preparedness to undertake ‘budget repair’ via a spending audit, this may not be enough if the fast-growing health and social services areas are protected,” he said.
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Jim Chalmers has indicated that the Labor government will be going through this year’s budget “line by line”.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(76) "/invest-money/economy/new-treasurer-outlines-labor-s-top-economic-priorities" ["image"]=> string(42) "images/article-826x550/Jim-Chalmers-ne.jpg" ["image_alt"]=> string(12) "Jim Chalmers" } [5]=> object(stdClass)#7996 (57) { ["id"]=> int(18340) ["title"]=> string(40) "Markets predict 40 bp rate hike in June " ["alias"]=> string(39) "markets-predict-40-bp-rate-hike-in-june" ["introtext"]=> string(116) "The RBA is expected to lift rates by 40 basis points in June as the employment market continues to tighten.
" ["fulltext"]=> string(2765) "The strong April jobs report is expected to influence the Reserve Bank’s (RBA) June rate decision, with economists widely predicting a 40-basis point hike will boost the cash rate to 0.75 per cent.
The Australian Bureau of Statistics (ABS) reported on Thursday that the unemployment rate reached 3.9 per cent during April, the lowest rate since 1974.
And while March quarter wages growth, reported by the ABS a day earlier, was on the soft side, the tight labour market suggests an acceleration in wages growth ahead.
According to AMP’s Shane Oliver, a predicted lift in wages, combined with the RBA’s concerns that inflation psychology might rise, is expected to influence the pace of tightening.
“We expect a 0.4 per cent hiking taking the cash rate to 0.75 per cent. By year end we continue to see the cash rate rising to between 1.5 per cent and 2 per cent,” Dr Oliver said.
Similarly, VanEck’s head of investment and capital markets, Russel Chesler, believes that the bank is now in inflation chasing mode.
“We believe that with the employment market continuing to tighten, and no signs of inflation easing, the RBA is likely to raise interest rates by 40 basis point at its June meeting,” Mr Chesler said.
Reflecting on what rising interest rates mean for equity markets, Mr Chesler said investors may need to reassess their portfolios.
“We expect gold and infrastructure companies, which generate inflation-linked income, to perform well in this environment of rising inflation and interest rates," said Chesler.
He does, however, maintain the expectation that the local share market is likely to continue to outperform its US counterpart.
“Inflation remains a bigger problem in the US, with the job market there tighter and wages growth higher,” Mr Chesler said.
According to HSBC’s assessment post Wednesday’s wage data, it was the CPI figures that turned the RBA “more hawkish” rather its conviction that wages growth was picking up strongly. This conviction, however, raises further questions about the RBA's recent style of forward guidance, HSBC’s chief economist Paul Bloxham said.
Commenting on the unemployment data on Thursday, Mr Bloxham explained that the key question for the RBA at the moment is how quickly the tight labour market will translate through to higher wages growth.
The HSBC sees 25-bp hikes in June, July and August, and another in November - taking the cash rate to 1.35 per cent.
Similarly, Barclays expects the bank to increase the cash rate “relatively aggressively” until it reaches the pre-COVID level of 1.5 per cent, but it, too, expects a 25-bp rise in June.
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The RBA is expected to lift rates by 40 basis points in June as the employment market continues to tighten.
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"url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(3) ["label"]=> string(17) "First article URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [8]=> object(stdClass)#8604 (33) { ["id"]=> int(8) ["title"]=> string(18) "Second article URL" ["name"]=> string(18) "second-article-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-07-08 05:42:04" ["created_user_id"]=> int(2351) ["ordering"]=> int(0) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7957 (3) { ["data":protected]=> object(stdClass)#8180 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7971 (3) { ["data":protected]=> object(stdClass)#8175 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(3) ["label"]=> string(18) "Second article URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#8599 (33) { ["id"]=> int(9) ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> int(2351) ["ordering"]=> int(0) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8181 (3) { ["data":protected]=> object(stdClass)#8171 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8174 (3) { ["data":protected]=> object(stdClass)#8179 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(3) ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#8597 (33) { ["id"]=> int(4) ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> int(2351) ["ordering"]=> int(1) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8178 (3) { ["data":protected]=> object(stdClass)#8176 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8177 (3) { ["data":protected]=> object(stdClass)#8213 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#8596 (33) { ["id"]=> int(6) ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> int(2351) ["ordering"]=> int(2) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8173 (3) { ["data":protected]=> object(stdClass)#8215 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8212 (3) { ["data":protected]=> object(stdClass)#8217 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#8606 (33) { ["id"]=> int(3) ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> int(2351) ["ordering"]=> int(3) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8214 (3) { ["data":protected]=> object(stdClass)#8222 (1) { ["options"]=> object(stdClass)#8220 (2) { ["options0"]=> object(stdClass)#8219 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#8221 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8216 (3) { ["data":protected]=> object(stdClass)#8224 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#8503 (33) { ["id"]=> int(5) ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> int(2351) ["ordering"]=> int(4) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8218 (3) { ["data":protected]=> object(stdClass)#8226 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8223 (3) { ["data":protected]=> object(stdClass)#8228 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#8594 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8225 (3) { ["data":protected]=> object(stdClass)#8230 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8227 (3) { ["data":protected]=> object(stdClass)#8232 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(61) "/invest-money/economy/markets-predict-40-bp-rate-hike-in-june" ["image"]=> string(14) "images/RBA.jpg" ["image_alt"]=> string(40) "Markets predict 40 bp rate hike in June " } }Subscribe to our newletters
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