‘Warning’: Australia’s economy facing ‘exactly the same problems’ as the US
Australia is facing “exactly the same problems” as the US, says Sky News Business Reporter Edward Boyd.
His remarks come after the US Federal Reserve held interest rates steady at 5.25 to 5.50 per cent.
RBA Governor Michele Bullock is expected to cover “virtually the same topics” in her press conference, which is scheduled for next week, according to Mr Boyd.
‘Warning’: Australia’s economy facing ‘exactly the same problems’ as the US
“This is just a warning sign for us of what to expect next week,” he said.
Economists have tipped the RBA to start making rate cuts in November.