James Thompson

Now, we had GDP figures on Wednesday.

Growth was a bit weaker than expected, 0.3% for the quarter, 2.5% on an annualized basis.

It does feel like the RBA's rate cuts are starting to work.

And of course, throw in the Iran energy shock.

It's a pretty tough environment out there at the moment.

Yeah, all right.

On Wednesday night, our time, we get US inflation data.

Now, most economists, they expect 2.8% for core inflation, which strips out the volatile items like food and energy, oil and gas, and then 3.9% for the headline number, which is slightly higher than last month.

I mean, Anthony, the US Federal Reserve, which is their version of the RBA, they've got a target for inflation of 2%.

Now, we're going to be pretty close to 4%.

We haven't been anywhere near 2% for five years.

When does a target stop being a target?

Yeah, the new Fed chairman, Kevin Walsh, he's now in the chair.

Man, he's got a tricky, tricky situation he's coming into.

It's not going to be very easy.

He wants to get rates down.

He wants to reform the Fed.

But inflation's just too high.

And as you say, they're running it hot there.

All right, Anthony, we'll have questions here at the Chanticleer podcast.