Relative Return Insider: Tariff turmoil, sticky inflation, and hopes for the budget

In this episode of Relative Return Insider, host Keith Ford is joined by AMP chief economist Shane Oliver to unpack a tumultuous week for global markets, led by the US Supreme Court's decision to strike down Trump's use of the International Emergency Economic Powers Act for imposing tariffs.

Oliver explains how the administration has pivoted to Section 122 of the Trade Act to apply a temporary flat tariff of 15 per cent on all countries, what the implications are for Australia as it faces a higher rate, and the messy question of tariff refunds for businesses and whether any benefit ever flows back to US consumers.

Tune in to hear:

• Why January's CPI numbers have increased the chances of an RBA hike in May.
• Whether the government is likely to use the upcoming budget to announce major reform.
• The likelihood that volatility in markets will continue.