Westpac’s bumper result; jobs market might delay rate cut; super housing boost
FEAR & GREED | Business News
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Positive Job Growth and Economic Outlook Impacting Interest Rates
This chapter examines the Australian economy's positive performance, marked by the addition of 24,500 jobs in July and a slight drop in the unemployment rate. While this growth could benefit wages, it poses challenges for mortgage holders as it indicates a likely delay in interest rate cuts, with economists predicting adjustments may come later in the year.
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