RBA Models Breaking: Household Spending Defies Gravity as Fourth Rate Hike Looms

Household spending is growing at its highest annual pace in three years, powered by strong balance sheets and resilient consumers who simply won't stop opening their wallets. The ASX 200 sits just below all-time highs, reporting season has been solid with two-thirds of stocks above their 200-day moving averages, and BHP seems to set a new record every other trading day. If you're long equities and short rate-cut expectations, this is your market — consumers are doing the...