Aussie households just opened their wallets wider than expected. Consumer spending data came in hot, and now market watchers are recalibrating their rate forecasts. Traders are pricing in stronger odds that the Reserve Bank might need to tap the brakes again. With inflation still sticky and spending resilient, the central bank's next move just got a lot more interesting. Could we see another hike cycle brewing down under?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
AlwaysQuestioning
· 12-05 00:54
Australians are really causing trouble for the central bank—consumer spending is so hot that even traders can't sit still.
View OriginalReply0
LiquidatorFlash
· 12-04 08:34
Consumer data is red hot... If this continues, it would be surprising if the RBA doesn't raise rates. Sticky inflation + resilient spending, truly a classic combination.
View OriginalReply0
CountdownToBroke
· 12-04 08:23
Australians are really going bankrupt—have they emptied their wallets and are still spending?
View OriginalReply0
FarmToRiches
· 12-04 08:19
Australians are about to drive the RBA crazy—spending is so strong that inflation isn't cooling down. Sooner or later, they'll have to raise rates again, and then it'll be another round of fleecing the public.
View OriginalReply0
WhaleInTraining
· 12-04 08:12
Australians are going on a spending spree again; the central bank probably can't sit still this time.
Aussie households just opened their wallets wider than expected. Consumer spending data came in hot, and now market watchers are recalibrating their rate forecasts. Traders are pricing in stronger odds that the Reserve Bank might need to tap the brakes again. With inflation still sticky and spending resilient, the central bank's next move just got a lot more interesting. Could we see another hike cycle brewing down under?