Stop lying. the tax cuts will be cannibalized by high inflation and retail electricity prices continue to go up and up.

Letter from Sydney:
Trimmed mean inflation, a core measure of price growth that attracts the most attention from the RBA, rose to 4.4% in May, putting it well above the central bank’s forecast of 4.0% for the full year to June.
Those grim numbers follow a surprise high-side inflation shock in the first quarter consumer-price index and have been joined by recent business survey data showing that prices are still rising on several fronts.
There will have to be a stunning reversal in the inflation ...

Core CPI actually fell, IMO this monthly reading tells nothing by itself.
If you look at the categories driving the headline number higher, it was fuel & electricity. Rents reduced slightly compared to the month before, and new dwelling purchases remained the same.

The Bitcoin Spot ETF Net Inflow on June 20, 2024, is recorded at -$140M!
Notably, below are a few key updates on the statistics of 10 Bitcoin Spot ETFs:
The net inflow remains negative for 5 consecutive days.
Only BlackRock's iShares Bitcoin Trust (IBIT) experienced a small inflow of $1.5M yesterday.
Grayscale Bitcoin Trust (GBTC) experienced the highest outflow of the day at $53M. This ETF has suffered a total outflow of $232M in the past 5 days, ...

🌍📈 Australia just gave Bitcoin a big thumbs up! With a Bitcoin ETF approved on their largest stock exchange, it looks like the land down under is ready to ride the crypto wave. 🚀🌊

Fair Work Commission decision is 3.75% rise in min wage - a result that will keep inflation risks squarely to the downside.
Allows for real wages increases with inflation below 3% in the second half of 2024.
A good decision.
Another issue into the rate cut side of the ledger