According to Jinshi, Warren Hogan, chief economic adviser at Judo Bank and the most accurate interest rate forecaster last year, said that the idea of ​​the Reserve Bank of Australia cutting interest rates before the Federal Reserve is "meaningless". He explained that the Australian economy is six months behind the US economy in terms of cycle, which has been the case for the past two years. If we are entering a phase of the cycle that requires interest rate cuts, the US economy will get there before Australia. In addition, Australia's upcoming tax cuts will give the Reserve Bank of Australia even less reason to cut interest rates, which he estimates is equivalent to one or two rate cuts. An unknown factor must appear to push the Reserve Bank of Australia to cut interest rates before the Federal Reserve.