Unemployment shock tempers rate hike expectations
Thursday’s labour force shocker from the Australian Bureau of Statistics (ABS), which saw the nation’s unemployment rate rise to a five-year high of 4.7% (4.6% in trend terms), has tempered the financial market’s expectations for another interest rate hike. The unemployment rate is now tracking well above what the Reserve Bank had forecast in its The post Unemployment shock tempers rate hike…
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