The CPI was released yesterday. the Trimmed mean figure was 2.9% at an annual rate. On a six month annualised rate it is 2.5%.
This means the RBA can cut ( 35 points to make it easy for further 25 point cuts), I suspect The RBA may take a breather at 3.5% as this is the neutral rate and then cut later if appropriate.
Alas fiscal policy is slightly expansionary so the RBA has to be wary.
The election is on Saturday. My philosophy has always been a party gets two terms then vote them out. Thus I will vote for Jerome Laxalle ( who is a nice guy but his father is not) but wil lnot next election.
Could not help but notice that US GDP wen t backwards in the march quarter all because people bought imports biftime before the tariffs.
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