Australia GDP: Is the Growth Sustainable?

The transcript discusses the probabilities of a Fed rate hike, noting that the likelihood for September is low, with December being more plausible. It highlights the impact of recent data on market expectations and the influence of global economic factors, including Australian GDP sustainability and the roles of the Bank of Japan and Bank of England. The discussion emphasizes the need for certain economic conditions to align for a rate hike to occur, such as a rally in risk asset classes and a weaker Aussie dollar.

What are the implications of the data profile mentioned in the text regarding the Fed's decision-making?

According to the text, what is the probability threshold for a Fed rate hike to be considered likely?

How does the text describe the market's reaction to the data released?

What factors are mentioned that could influence the sustainability of GDP growth in Australia?

What role does the Bank of Japan play in the context of the economic discussion presented?