Retail sales drop 2.7%

[brittjc]

Another good indicator of a rate cut please.

https://www.abs.gov.au/media-centre/media-releases/retail-sales-fall-december-following-black-friday#:\~:text=Australian%20retail%20turnover%20fell%202.7,per%20cent%20in%20October%202023.

 

[rodan6]

@brittjc

Another good indicator of a rate cut please.

How about we just wait one more day for the CPI data.

 

[soulservantforhim]

@rodan6 And stifle this inane rate speculation for another day?! Never!

 

[ashwynalley]

@soulservantforhim nice name lol

 

[jjddww]

@rodan6 Rate cut won't come tomorrow, but it's on the horizon.

It's evident that inflationary pressures are basically gone at this point and the global economy is slowing.

 

[rodan6]

@jjddww

Rate cut won't come tomorrow

Would be pretty impressive if it did, considering the first meeting isn't till next week.