Confidence likely curbed by rates, prices

Economists are busily downgrading their economic growth forecasts in the face of rate rises. (AAP)

A series of confidence reports in the next week will capture the mood of Australian consumers and business.

But after two interest rate hikes in two months, combined with rising cost of living pressures, it's hard to imagine either group will be punching the air, particularly as the Reserve Bank has warned further increases are to come.