Yes, agreed, and the same from many market economists and commentators. Inflation, while there is some gradual decline over several months, is still very sticky and well above the RBA target range of 2-3%. The wider economy is yet to deal with the lag effects of those multiple monthly RBS increases. USA is a real problem. Their national debt has just passed USD$33 Tn and counting, and the Central Bank has not completed the tightening cycle and seems to be very hawkish.
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