Tightening impacts
New home sales fell 13.1 per cent in July, as a result of increases in the cash rate target, according to the HIA:
Inflation expectations fell sharply from 6.3 per cent to 5.9 per cent in the Melbourne Institute's August report, well down from the highs.
Notably, wage expectations also fell substantially, thereby underscoring little indication of a wage price spiral, according to the MI.
