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Fed’s quandary: US spending rises, inflation softer

It’s been a relatively quiet 24 hours, as markets wait for word from the Fed later in the week. NAB’s Tapas Strickland joins Phil Dobbie to discuss the latest data from the US, showing rising personal spending but inflation moving further away from then Fed’s target. Closer to home, house prices continue to fall in Australia, even as auction clearances pick up. Could the RBA be first to make a rate cut?

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