More Data, More Risks Of Another Rate Rise!

We got a slew of data from the ABS today, covering employment, job vacancies and household spending. We will examine each in turn, but the headline is that with employment stronger than last month, job vacancies still holding up, if slowing, and household’s still spending more (if significantly on things they need to buy paying higher prices), based on this and the inflation read we covered yesterday the RBA has more work to do. Although we should also note that we will get another month of data before the RBA meets again, and things may change. http://www.martinnorth.com/ Details of our one […]