The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to Country. We pay our respects to their Elders, past, present and emerging.
Thus, over this revision window, the picture painted by the GDP data can change significantly, and policymakers obviously need to be aware of this to avoid attaching too much significance to any one piece of data. Moreover, it is at uncertain times such as these that the wisdom underlying the institutional structure of the FOMC becomes most apparent.