| Hi Aris, Welcome to this week's edition of Smart Investing. The Federal Reserve Bank's decision to cut its policy interest rate by 0.5 percentage points last week spurred global markets, with the U.S. economy expected to remain at a near-trend pace of 2% by year-end. But it's a different economic picture in Australia, with our economy growing at its slowest pace in decades and inflation falling only gradually. Yesterday the Reserve Bank opted once again to keep interest rates on hold, and we expect rates to remain at 4.35% throughout this year. Our lead article this week provides our latest forecasts for long-term investment returns and our region-by-region outlook. While inflation remains a big issue for many countries, in China the key concern is deflation. That is, prices are continuing to fall as China grapples with a property-driven slowdown. China's slowdown has wider implications for other countries, including Australia. Meanwhile, on September 18, the U.S. Federal Reserve Bank reduced its interest rate target for the first time in more than four years. Vanguard’s global chief economist, Joe Davis, and head of fixed income credit, Chris Alwine, recorded a short video to explain the meaning of the central bank’s policy shift. Lastly, with interest rates still in the spotlight, we take another look at bonds. What are they, what are their benefits, and how do you invest in them? Watch the embedded video with Jean Bauler, Vanguard's Head of Asia-Pacific Bond Indexing, to learn more about investing in bonds. | |
| Our investment and economic outlook, September 2024 Our latest forecasts for investment returns and region-by-region economic outlook. Read article | |
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| A new day for Federal Reserve policy What the Federal Reserve's policy shift means for rates. Read article | |
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| Adding bonds to your investment mix Bonds can play an important role in investment portfolios, but what exactly are they, what are their benefits, and how do you invest in them? Read article | |
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| How index funds have saved Australian investors over $14 billion Low management fees have paid off for investors in Australian index-tracking ETFs. Read article | |
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| 10 Australian companies that have dominated returns The stocks investors needed to avoid underperforming the Australian share market. Read article | |
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| Investor inflows lift Australian ETF assets past $210 billion International equity ETFs captured the biggest Australian inflows in August. Read article | |
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