The Australian share market edged higher as the RBA raised the cash rate to its highest level in 15 years, with the decision unanimously backed by board members. The tech sector led gains, while property stocks struggled. Household spending data showed consumer caution, setting the stage for critical inflation figures due tomorrow.

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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The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.