No Rate Cut on Tuesday

2024 was the year the experts said, up to 5 rate cuts. 2025 is the year the experts are saying, up to 5 rate cuts. Fact - RBA will not cut rates with a high core CPI and low unemployment.

There will be no rate cuts this year. Government has artificially created a lower CPI number by providing temporary rebates for electricity. The CPI number for electricity was -17%. As soon as the rebates are finished, CPI back to 3%+. This is why ...

This should weaken the USD for the rest of the session

Agree. I am watching in disbelief, as other majors weaken against the dollar, the pound is going up on the bad news. WTF.

The market can stay irrational longer than you can stay solvent

FF must be sleeping, or just got wiped out on their trade. It was announced 5 minutes ago that the rate has moved to 0%.

No chance inflation is under control. 01st of July, minimum wage increased by 5.75%. Do you think your Coles or Woolworths is not going to increase its costs by 5.75%? What about restaurants or your local take away? Buckle up people, the second wave ...

The markets will go BOOM if the fed raises rates. We wait and see.

Agree. I look at the bananas that went on a buying spree when banks were offering rates below 2% and thinking, what are you going to do when rates go back to normal. The typical answer was, "the government would never allow that to happen"

While the US raises rates (bank money in Australia is borrowed in USD), house prices rise, minimum wages increase and people keep spending thinking rate rises are over, inflation will be a threat. Thus the RBA will continue raising rates.

What these idiots don't understand, is the longer you take, to raise the rates to heights that cause cause pain, the longer it takes to control the pain.

News is noise.

BS again. Don't believe me? Type in the following into google: Article from 2022 - Type in: Xi Jinping tells China's army to focus on preparation for war Article from 2021 - Type in: Xi Jinping orders China’s military to be ready for war ‘at any ...

Within Consensus. Bull vs Bear for USD

Just what the Doctor ordered

Unemployment grows, yet job vacancies continue to be high.

Not a chance that disinflation will last

Interesting - "The Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that."

Market should go back to todays trend when people notice that there is an if in the statement. "But they won’t want to dramatically loosen financial conditions if and when they hike by 50 bps (instead of 75)."