Its Over, page-14671

....the more you spend, the higher rates go up.

....XJO likely to break to new lows , CBA remains 5.4% above its June lows even as XJO is on the cusp of making new lows, CBA's catch up will make new XJO lows a certainty.

https://www.tradingview.com/symbols/ASX-CBA/
Capital: RBA will raise 0.5pc next week

Vesna Poljak
Retail sales growth will convince the Reserve Bank to raise interest rates 0.5 percentage points when it meets next Tuesday, Capital Economics said. Retail sales rose 0.6 per cent in August, seasonally adjusted.

"And with the savings rate still well above pre-virus levels, retail sales may continue to grow at a healthy clip even as mortgage rates surge and real incomes fall," said Capital's Marcel Thieliant.

AMP Capital's Shane Oliver said retail sales are 19 per cent higher than a year ago and 16 per cent above the pre-virus trend.
"The upside surprise in retail sales on the back of still strong jobs data and ongoing high and ongoing high and still rising inflation adds to the risk that the RBA will hike by another 0.5 per cent next week, whereas we continue to think they should be slowing the pace of hikes," Dr Oliver said.

The cash rate is 2.35 per cent. The RBA will announce its latest monetary policy decision at 2.30pm AEST on Tuesday, October 4.