RBA poised to swing the axe on rates again; the market says it has to

Marginally more than half see two cuts before the end of the year, while three in the survey are predicting the cash rate end up at 0.5 per cent — or a total of four cuts over the cycle.

The RBA's other key communication has been it wants to see the unemployment rate down closer 4.5 per cent. "Waiting until August would send a less worrying signal and potentially put more pressure on fiscal policy to act."Mr Read is leaning towards the view the RBA may put away the axe after its next cut and rummage around in its monetary shed for an unconventional tool to get the job done.

"A stronger question is whether household consumption should be built on another accumulation of household debt that could pose a greater macro risk to the medium-term outlook." The S&P500's solid gain pared back the week's loss to 0.3 per cent. Locally, the ASX also lost ground over the week, but futures trading points to a solid start to the third quarter.AUD: 70.2 US cents, 61.7 euro cents, 55.3 British pence, 75.8 Japanese yen, $NZ1.05Europe: FTSE +0.3pc at 7,426 DAX +1pc at 12,399 EuroStoxx50 +0.9pc at 3,474

Nah, be much much better is we the 'Swing the axe' on all renewables, economy wreckers.

As we sail ever closer to the cliff lol. Nero fiddling anyone? Rearranging deck chairs? Lmao. We’re all cooked and they know it because they created it. Plausible deniability is all they’ve got when it hits the fan - predictably, again. R U aware of bail in laws! Theft.

Learn. There’s a good time to use debt & a bad time to use debt but there’s no such thing as a bad time to pay debt off. Now more than ever pay off as much as you can, as fast as you can. Learn & prosper

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