The Australian share market posted its largest fall in nearly three months as household spending data sparked expectations of potential interest rate hikes. Strong consumer spending, particularly on discretionary items, raised concerns about inflation persistence, with markets now pricing in elevated odds of RBA action. Key earnings results, including NVIDIA's record outlook, also influenced investor sentiment across local sectors.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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