Australian August retail sales expected to rise 0.4% amid tax cuts and early Father's Day.
Australian retail sales are projected to rise by 0.4% in August, rebounding from a weak July, with factors like tax cuts and an earlier Father's Day contributing to this growth. Economists suggest this modest increase does not indicate imminent inflation or recession risks. The Reserve Bank of Australia remains cautious and may consider rate cuts, while the U.S. Federal Reserve's recent actions are being closely monitored.
September 29, 2024
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