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Australia Westpac Leading Index for August 2024 -0.05% m/m
Westpac note, in summary:
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The index signalling a potential slowdown in economic activity is troubling news. Australian economic growth is already extremely sluggish.
We have jobs and inflation data due in the next week from Australia. Early CPI previews I am seeing show expectations of the y/y rate moving down towards the centre of the RBA 2 – 3% target bad. Rate cuts maye may be on the horizon.
This article was written by Eamonn Sheridan at www.forexlive.com.
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