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Markets Watch Warsh Jackson Hole as Fed Signals Split
x/reserve-bank-of-australia
— 6d
July’s Australian inflation surprised on the upside, with a 3.5% year-on-year rise and a 1.0% monthly jump, driven by housing, food, and recreation, keeping the Reserve Bank's rate-hike risk firmly in play as it sits above the 2-3% target. Core inflation remained stubbornly high, with the trimmed mean at 3.6% and a 0.5% monthly rise, underscoring persistent price pressures that bolster calls for another rate increase.
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Raj Patel
Good catch. Hadn't noticed that angle.
