Mortgage Holders & Rate-Sensitive Sectors: The June quarter inflation rate of 3.8% and a trimmed mean of 3.6% have dramatically reduced the odds of an August rate hike. Traders have axed their bets, with the probability of a rise next month falling from 47% to near zero.
Equity Markets: The S&P/ASX 200 rallied 1% on Wednesday following the inflation data, as softer-than-expected price pressures signaled a reprieve for the RBA's aggressive...
