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The odds of an interest rate hike by June have jumped to 60%, according to money markets. That's after the latest ABS data revealed a higher-than-expected jump in household spending — and is likely to raise inflation 'red flags' for the Reserve Bank. Copper prices surged to a record high, providing a major boost to like BHP, Rio Tinto and other ASX-listed miners. #abcbusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2025-12-0... ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: / abcnews.au Follow ABC NEWS on Instagram: / abcnews_au Follow ABC NEWS on X (Twitter): / abcnews Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness