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Make or break data next week will lock in RBA's next move as unemployment holds steady

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Australia's unemployment rate remained steady at 4.4% in June, placing increased importance on upcoming inflation data to determine the Reserve Bank's next interest rate decision. Despite global uncertainty, the labor market shows resilience with job growth and high participation. Economists anticipate a continued rate hold for the remainder of the year, with inflation expected to peak around 5% before gradually returning to target by 2028.

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