Having dashed hopes for some much-needed respite from cost-of-living pressures three weeks ago, it would be a brave RBA that again denies households a rate cut today.

According to the Yale Budget Lab, the president’s trade war is set to cost the average U.S. household $2,400 this year.

Right now the current situation is Goldilocks,” says David Sacks, special adviser to the White House for AI and crypto.