“The #RBA monetary policy board anncment & the bank’s qtr stmt on #monetarypolicy were both a bit all over the place on exactly where the #inflationpressure is, acknowledging that some is temporary, but, heck, there’s just too much “growth in private demand”, that is, people spending money. So stop”
22/31 Tariff costs are mostly paid by Americans, showing up in U.S. inflation data. Global financial markets will experience renewed turmoil.
These pressures forced previous Trump backdowns - they need time to build.
#InflationPressure
💼 Customs officials quietly issued the exemption list on Saturday. No formal reasoning given.
Analysts suspect:
👉 US consumers were set to face steep price hikes
👉 Markets reacted brutally to the original tariff hike
#InflationPressure
