Investors responded positively to the latest quarterly inflation figures,taking the local market back above 8000 points.
If the Bank of Japan ends up raising rates even as the US fed is contemplating a cut,it will unleash an unprecedented level of volatility in currency markets.
Some economists believe the result of tomorrow’s consumer price index is all the RBA will need to push the official cash rate to a fresh 12-year high.
All four big banks are predicting slightly lower inflation numbers in the latest data – but a higher number could lead to an interest rate rise.
The Reserve Bank is at a critical point,economists say – it could let inflation remain a little higher for longer or risk tipping Australia into a recession.
Governments around the world,including Australia,are using taxpayers’ money to support emerging industries. Now there are warnings these programs may achieve little.
A fascinating study into how our standards of living have changed since before COVID helps to explain why some Australians are feeling no pain.
The joy may be short-lived,with inflation data due next week key to the Reserve Bank board’s next interest rate move.
As US Vice President Kamala Harris prepares to potentially replace President Joe Biden atop the Democratic ticket,she now faces the challenge of articulating her own vision for steering the US economy.
State governments have reaped billions from stamp duty on insurance,and the industry’s peak body says it’s time for states to put that money back into mitigating natural disasters.
Inflation figures due in less than two weeks will be the key to next month’s rates decision,as the country’s jobs market remains strong despite economic headwinds.