Worldwide Financial Planning

A sharp drop in US inflation helped lift financial markets as US inflation dropped to its lowest in over two years. Headline CPI inflation dropped from 4% to 3% in June. Core inflation (excluding volatile food and energy costs) declined more slowly from 5.3% to 4.8%.

Take time to choose your IFA, your financial decisions, your ‘any’ decisions. Also, apply zero based thinking after you have made a decision. We often protect our mistakes to avoid the stress, but this isn’t good.

While the market is easily fooled by headlines so too, unfortunately, are central banks. The true state of the economy won’t be clear for months so policy makers have to make do with the data they have, while the impact of today’s decisions won’t be apparent for another year.

The outlook hasn't really altered but investors are expecting both inflation and interest rates to remain higher for longer.

So start with learning from the past. Why didn’t other resolutions work and why did some actually succeed.

The imposition of new security laws on Hong Kong by China has eroded the territory's independence and looks set to end the 'one country, two systems' approach.