This week, with the aid of detail from the Westpac-Melbourne Institute Consumer Sentiment survey, Chief Economist Bill Evans seeks to assess the housing market and the impact it is having on consumer confidence. While expectations of further interest rate relief seem absent, house prices remain a supportive factor for confidence. In the week ahead, the Westpac-MI Leading Index will be released for July; while both the August meeting RBA minutes and the July meeting FOMC minutes will be published. (VIEW LINK)
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