Flat retail sales in April could force the Reserve Bank to provide additional rate cuts sooner than expected, economists say, after back-to-back public holidays failed to lift spending.
Cheyanne Enciso
The latest reading on inflation has defied predictions from economists of a fall deeper into the Reserve Bank’s comfort zone.
Daniel Newell
Former RBA governor Philip Lowe is worried Australia’s prosperity is at risk from political failures to fix productivity and the global move away from free trade.
Matt Mckenzie
St Georges Terrace and West Perth have been wagered to lead the nation in terms of workforce growth, but Deloitte has warned an outwardly healthy jobs has masked abysmal productivity performance.
Simone Grogan
Rob Scott has urged the Federal Labor Government to take advantage of a ‘once in a generation’ chance to fire up Australian investment and wages.
Fears about President Donald Trump’s trade agenda have been reignited after threats of a 50 per cent tariff on the European Union and a tax on offshore production of Apple iPhones.
Bloomberg
There is ‘striking confidence’ in China that the country can win a trade war with the United States, Reserve Bank deputy boss Andrew Hauser has revealed.
Nearly 10 per cent of WA hospitality businesses have shut in the past year, according to new data, as they bear the brunt of weak consumer demand amid persistent cost-of-living pressures.
Analysts have warned the Reserve Bank may wait before pulling the trigger on another interest rate cut, despite governor Michele Bullock’s soft tone on Tuesday sparking expectations of rapid-fire relief.
The Reserve Bank is expecting inflation will remain under control for the next two years but there’s a new economic threat looming.
It’s a cut! A second dose of mortgage relief is on the way for Aussie borrowers after the Reserve Bank lowered interest rates 0.25 percentage points.
The Reserve Bank is widely tipped to cut interest rates on Tuesday despite an easing of trade war tensions and strong jobs growth.
Treasurer Jim Chalmers has promised that an above-inflation pay rise for millions of Aussie workers will not worsen consumer prices.
An exceptional month of Australian jobs growth has sparked warnings of an inflation bounce, but an interest rate cut next week is still seen as highly likely.
Booming pay deals in the Government-funded education and healthcare sectors have helped lift Australian wages growth, while economists are still tipping a “cautious” interest rate cut next week.
A ceasefire in America’s trade war with China has sparked an enthusiastic Tuesday morning for share markets.
Australia’s consumer sentiment recovered slightly in May following Anthony Albanese’s landslide election win and as prospects of future interest rate cuts become more likely.
US consumer prices probably picked up in April after the smallest advance in nine months, foreshadowing a broader acceleration as many companies seek to pass on higher tariffs.
Most analysts are asking not if, but by how much, the Reserve Bank will cut interest rates — and upcoming jobs data could be pivotal to that decision.
Jacob Shteyman
Federal Reserve chair Jerome Powell says officials are not in a hurry to adjust interest rates, adding tariffs could lead to higher inflation and unemployment.
Jonnelle Marte
The Chinese Government has moved to shore up the world’s second biggest economy as it readies for crucial trade talks with the US later this week.
Australia’s household spending has snapped a five-month winning streak as the impact of cyclone Alfred on the east coast disrupts the cash splash, giving the Reserve Bank another reason to cut rates in May.
‘Good, but not great’: Core inflation has edged back into the Reserve Bank’s target band and economists say an interest rate cut remains likely.
A flood of superannuation cash into global markets has meant Australia’s reliance on foreign investment has fallen to levels not seen in 40 years.
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