Rising prices at the checkout and the bowser have been impossible to ignore lately, and June proved just as unforgiving for markets and mortgages alike. The RBA held its cash rate at 4.35 per cent while a hawkish debut from new Fed Chair Kevin Warsh sent the ASX 200 and S&P 500 in opposite directions, and back home, the property market recorded its sharpest monthly fall since December 2022. This month's wrap looks at what's really driving the divergence, from central bank rhetoric to cooling auction rooms, and what it means for household budgets heading deeper into winter.
