Australia Has an Inflation Problem and the RBA Knows It

RBA rate hike risk has risen after Australian underlying inflation held at 3.6% and the shorter term pulse accelerated further above target. David Scutt, StoneX Media Senior Market Analyst, breaks down the July inflation report, the two underlying measures the Reserve Bank of Australia tracks, and how markets repriced the odds of another hike. Headline inflation eased while the trimmed mean and the weighted median both held well above the Reserve Bank of Australia's 2.5% midpoint, and the three-month annualized pace is now running faster than the six-month pace. The August Statement lowered the underlying inflation profile and lifted the unemployment forecast, a combination markets first read as less hawkish. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share 00:00 - Australia's Inflation Problem 00:40 - Underlying Pulse Heats Up 01:13 - The Dovish RBA Forecast Trap 02:13 - Board Weighs Preemptive Move 02:42 - Markets Reprice Hike Odds 03:08 - September Decision Data Test Like and subscribe for more financial market insights. #RBA #StoneX #DavidScutt #Inflation