RBA Signals Potential Q4 2024 Rate Cut Amid Soft Inflation, Eyes on Fed's Decision

RBA's Brad Jones is expected to discuss the rate path, hinting at a potential rate cut in Q4 2024 due to weaker Australian inflation data. There is a 92% likelihood of a 0.25% RBA rate cut, in line with global trends as inflation and commodity prices decline. The U.S. Fed's upcoming rate cut decision, whether 25 or 50 basis points, could impact short-term AUD/USD volatility and market sentiment.