Q2 GDP came out Friday showing 2.4% growth after 3.7%. The detail showed a mixed bag with headline growth just shy of expectations and the composition of growth showing a softening in consumer spending growth offset by accelerating business fixed investment.
RBA
The RBA meets this week but there's very little chance of a rate hike. On Friday they release their Qtly Forecast update and their expectations for inflation will be closely watched. Their current underlying forecast of 2.75% yr ending Dec 10 is right on track.
