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flag Australian consumer confidence slightly drops, but outlook for interest rate cuts remains optimistic.

flag Australian consumer confidence has fallen slightly, with the Westpac-Melbourne Institute survey showing a 0.7% decline, bringing the index to 92.1. flag Despite feeling worse off compared to last year, consumers are more optimistic about the future. flag Economists anticipate interest rate cuts in the coming months, which could further boost sentiment. flag However, there's a risk that early rate cuts could lead to additional inflationary pressure.

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