{"id":650502,"date":"2026-05-05T05:26:18","date_gmt":"2026-05-05T05:26:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/650502\/"},"modified":"2026-05-05T05:26:18","modified_gmt":"2026-05-05T05:26:18","slug":"fresh-data-warns-rba-not-to-hike","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/650502\/","title":{"rendered":"Fresh data warns RBA not to hike"},"content":{"rendered":"<p>These are more soft prints, but they add up.<\/p>\n<p>ANZ job ads stalled yesterday.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-05-073353.png\" width=\"881\" height=\"548\"\/><\/p>\n<p>SEEK job ads are down 0.4 per month for the last seven in a row.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/wd.png\" width=\"826\" height=\"627\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Higher unemployment is ahead.<\/p>\n<p>Advertisement<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/3-2.png\" width=\"1003\" height=\"623\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>There is no danger of a wage breakout.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/cba-wage-insights-april.png\" width=\"466\" height=\"449\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Melbourne Institute\u2019s monthly inflation is not encouraging.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/unnamed.png\" width=\"564\" height=\"432\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>But it is all supply-side, and making room for Trump and Israel\u2019s stupid war doesn\u2019t make much monetary policy sense when, within a month, Brent will go to $200 as OECD tank bottoms come into view, and we will have to begin rationing diesel, directly cutting off economic activity.<\/p>\n<p>Advertisement<\/p>\n<p>There is a much greater chance of the RBA holding today than markets are pricing in.<\/p>\n<p>The last hike only got up to 5-4, and everything has worsened since then, with the hikes already made yet to fully impact as the global crisis deepens.<\/p>\n<p>There is not much reason to hike today unless you want to make a bad situation worse.<\/p>\n<p>Advertisement<\/p>\n","protected":false},"excerpt":{"rendered":"These are more soft prints, but they add up. ANZ job ads stalled yesterday. SEEK job ads are&hellip;\n","protected":false},"author":2,"featured_media":650503,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-650502","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/650502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=650502"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/650502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/650503"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=650502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=650502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=650502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}