Pop Goes The Rate Cut Calls?

Just a few days ago, markets were betting on a mega 50 basis point cut in the cash rate by the RBA next week and expecting a rate below 3% before the end of the year, anticipating at least five RBA rate cuts with a decent chance of a sixth, reflective of the worrying second order impacts of the Trump tariff playbook, weak economic growth in Australia, and anticipated higher unemployment. While Australia got off lightly with a 10% levy on all exports to the US, as a small, open economy heavily geared to trade it’s particularly exposed to fallout […]