The RBA cuts rates

 I cannot still believe the RBA is worried about a 'tight' labour market. They claim to be data driven but seem to ignore wages data! the 2020s is vastly different to the 1970s even 1980s! TOLD YA

Inflation is a lagging indicator. It is now falling more than the RBA thought because of the slowing economy. It will continue to fall. If the RBA is data driven and most forecasts are on the money then another rate cut is on the cards depending on Trump and his mad economic program. They could just drop 10 points and wait to see what else occurs out of Trump's mouth and wait.

Let me speculate on politics. I think Albo will go in May. A softerning labour market and falling inflation should all mean everyone will be expecting a cut after the election and this will be as important as an actual cut in rates.

If the ALP cannot tell the story of a goldilocks economy following high inflation then they deserve to lose!