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flag Australian spending rises, but economic factors and global trade tensions may lead to interest rate cuts.

flag Australian spending habits are expected to continue rising, with household spending up 0.9% in May and predicted to rise 1% in June. flag This trend may influence the Reserve Bank of Australia's decision to cut interest rates in August, as unemployment has risen and inflation has fallen. flag New US tariffs and global trade tensions could indirectly affect domestic financial markets, with Wall Street markets experiencing declines due to tariff concerns and a weak jobs report.

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