Part 3/7:
The uncertainty was highlighted by the remarks that, despite strong signals in favor of a rate cut, nothing is guaranteed until official decisions are made. The market is sensitive to a range of influences that could sway the RBA’s stance, including domestic inflation trends and external shocks.
Global Markets and US Employment Data
The recent plunge in the US stock market provided an additional layer of complexity. On the previous night, bad employment figures and ongoing tensions related to tariffs triggered a sharp decline in US equities. This downturn reflects concerns over a potential slowdown in employment growth, which could have ripple effects worldwide, including Australia.