Wages growth fading
The peak in Australia's advertised salaries growth has already long since been and gone, according to SEEK's excellent advertised salaries index.
Source: SEEK
Also, via the FWC this week, it's clear that wages increases remain modest in Australia:
New Zealand's central bank seems crazily hellbent on hiking interest rates into a deep recession, but there seems to be little pressing need to Australia to follow them down that misguided path.
That's especially the cases with visas now being processed at warp speed, with 3.4 million applications processed since June 1.
Inflation is also set to fall way in the US over the months ahead, with the price of gas crashing from above US$5/gallon to just $3.64/gallon.
Australia's fuel prices have calmed down too, but diesel prices remain frustratingly high.
