Greg Jericho
Chief economist

Angus Taylor is just straight out lying by suggesting that Jim Chalmers is forecasting either a recession or lower interest rates. All Chalmers was doing was saying that the market is pricing in 5 rates cuts.

Taylor is basically saying Chalmer is to blame for just reading a chart.

Want to know how fast things have changed? Well right now the market is forecasting a 77% change of a 75 basis point cut in May. That is the equivalent of 3 standard rate cuts!