Goldman pushes back Aussie rate hikes

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Well blow me down with a feather:

  • The RBA lowering their inflation forecasts in the SoMP last week reduces urgency to hike … “buy the RBA some time”
  • But .. “Against the backdrop of the fastest 8-month expansion in full-time employment on record, we caution against underestimating the pace at which spare capacity in the economy is being absorbed”

And:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.