Reform/Farage wins one race by only 6 votes, every vote counts and don't forget to vote today if you haven't already.
Not holding my breath but hoping Dutton wins, i like the idea of cheaper petrol and energy as cheaper fuel and energy costs is deflationary and helps our Mishy B at the RBA.
Miami F1 this weekend, Sprint qualifying on now due to the time gap which is nice because it's easy to watch live.
Some volatile currencies out there.
FED rate decision next week. This weeks data supports a possible rate cut this week if Powell removes political bias from the decision making. Supportive data points for me thinking a cut is possible next week include .... Adv GDP Growth QoQ was -0.3% Chicago PMI 44.6 Personal income MoM 0.5%, down from 0.7% PCE price index MoM 0%, down from 0.4% Core PCE price index MoM 0%, down from 0.5% PCE price index YoY 2.3%, down from 2.7% ISM manufacturing PMI 48.7, down from 49 US Gov spending cuts also deflationary. Stronger than 'expected' jobs number poses no risk to a possible cut or reason to pause because jobs growth in a deflationary environment as the listed data points clearly show is actually a good thing, jobs growth and shrinking inflation is a good thing.
