Market Close 29 Jan 25: Investors hyped for RBA rate cut

The Aussie market got within a fraction of a record high today after quarterly inflation data cooled more than expected, upping bets of a February rate cut.
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[@BDK86]

RBA wont cut. They will argue its not close to 2%

[@michaelmorgan3421]

Hope so

[@ballaratevil6048]

I hope rates go higher

[@WishBlessing]

The economy is in the doldrums so let's keep rates high!

[@AleksPTA]

@@WishBlessing 4.35% is not high. Remember 3% cash rate was an emergency rate during the worst recession since the great depression. 4.35% is still a very low real interest rate

Thanks Laura 😊

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[@patrickflaherty3253]

I said 6 months ago the first cut will be February 2025 and I’m still standing by that.

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[@TheJudge-o7]

Seems crazy to say there's a "90%" chance of a cut, how tf could you even measure such a metric. Based on economists expectations? lol
The boys are cooking the books, inflation is "moderating" yet the AUD continues to remain very weak against the Greenback, and they have already started cutting rates. Interesting times.

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