![]() “The decay that we’re all expecting in the economy has taken a little longer to arrive, but the high-frequency data suggests that spending patterns are starting to slow quite considerably,” he said. He now forecasts a rate increase in August instead of June.Ĭharlie Jamieson, co-founder of Jamieson Coote Bonds, believes the RBA has finished its tightening cycle and the jobs data confirmed interest rates were on hold. Add the app to your spotify by running spicetify config customapps jqbx or change your config.ini to include the jqbx app folder. “While one month does not make a trend, it does give the RBA the option to pause its hiking cycle in June and July, but hawkish risks persist around wages and inflation,” said Josh Williamson, Citi’s chief economist for Australia. Thursday’s softer-than-expected jobs data caused Citi to change its call on the interest rate outlook. The RBA forecasts inflation to only return to its 2 per cent to 3 per cent target by mid-2025. In fact, bond traders have slightly ramped up bets for an increase in the cash rate to 4.1 per cent, ascribing a 64 per cent probability of a move by August, up from 48 per cent before the data. Now this is very sad news, but all hope is not lost 2 users that had resurrected the bots (bennybtl and PHENAKIST) have been quietly making an alternative called RVRB that is an open source app using the features we know and love from JQBX. Like all types of services like JQBX, this will definitely ride or die on there being other users sharing music, so, I'll be sure to share this around. ![]() I'm mostly a rock fan, so, looking forward to the PPRAE room, and adding some good tunes into the mix. It has raised the cash rate by 3.75 percentage points in a year, the fastest pace in a generation, to quell price pressures. At first glance, JQBX looks pretty awesome. Minutes of the May policy meeting revealed the RBA warned of upside risks to the inflation outlook and indicated it was ready to lift interest rates again. Ahead of its public launch, social music platform Turntable LIVE has officially acquired JQBX, a self-described Spotify plugin that allows for real-time music sharing. In fact, bond traders have slightly ramped up bets for an increase in the cash rate to 4.1 per cent, ascribing a 64 per cent probability of a move by August, up from 48 per cent before the data. “It would be surprising to see the RBA hike in June after this.” “The unemployment rate seems to show progress towards the RBA’s unemployment forecasts, but this labour market data is volatile from month to month,” said Justin Tyler, founder of bond boutique Daintree Capital. The jobless rate unexpectedly ticked up to 3.7 per cent from its near-five-decade low of 3.5 per cent. ![]() The Australian three-year yield added 2 basis points to 3.2 per cent and the 10-year rate also ticked up 2 basis points to 3.5 per cent.Įmployment surprisingly dipped 4300 in April from March, after two months of hefty gains, against forecasts of a rise of 25,000, data from the Australian Bureau of Statistics showed. ![]() Government bond yields initially fell before they resumed their onward march tracking US treasuries on optimism over US debt ceiling talks. Some economists have pushed out their expectations for another rate rise to August. ![]() Pronounced Jukebox, this multi-platform service is available for iOS, macOS, Android and even as a web app for Windows users. The local dollar slipped 0.3 per cent on the day to US66.47¢, having dipped as far as US66.29¢ after the data. If you and your friends use a lot of different devicesiPhone, Android, Mac, or PCJQBX is the best way to listen to music together across all of them. The Australian dollar drifted lower after a softer-than-expected jobs report reinforced expectations the Reserve Bank will stand pat on interest rates next month after its surprise increase to 3.85 per cent in May. ![]()
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