Huge concerns are expressed regarding the delay of the interest rate cuts.
It is questionable whether the Reserve Bank would initiate lowering the cash rate in September due to a rapid increase in US jobs.
As per the latest data, last month added more than 300,000 US jobs. These numbers exceed 100,000 more than what was anticipated.
According to many traders, the likelihood of a cut in rates in September is lower.
- Published By Team Australia News
