If it looks like high oil prices will be sustained or even rise further, then it does put the pressure on the bank to hike rates again.
More Quotes from Adam Carr:
The inventories number was weaker than expected and suggests they may detract from growth in the third quarter. It looks like GDP is going to be weak for the quarter.Adam Carr
Whenever she's around you're pretty much happy. She'd come over to my house between classes and I'd take her to class. We'd just talk. I told her all the time she reminded me of my sister. There aren't many people I could talk to like I talked to her.
Adam Carr
Australia has a split economy. The resources sector is booming, but the rest of the economy is slowing.
Adam Carr
We've been consistently surprised by the strength of the labor market. We still think over the next year it will moderate amid slowing housing and consumer spending.
Adam Carr
The path of least resistance for the Australian dollar is down. Base-metal prices are likely to continue to come off a bit as inventories rebuild.
Adam Carr
There's little upside for the Australian dollar at these levels. We expect the dollar to fall over the next week or so whether there's an increase in interest rates or not.
Adam Carr
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