A closely watched indicator is signalling that the US is on track to avoid a recession. But these are anything but normal times.
Everyone is treading water in this inflationary environment,wanting something,anything,to happen. In such circumstances,Anthony Albanese’s prudence is,well,prudent.
The lack of a tax-cut-induced spending spree shows consumers have well and truly got the message about tightening their spending.
While all of us have benefited from the recent cuts to the tax rate,confused messaging from the government may have you wondering what to do with it.
The US Federal Reserve has gone big with its rate cut – exposing the problems facing the Reserve Bank of Australia in its inflation fight.
The Federal Reserve has started its rate-cutting cycle with a bang as it tries to help keep the US out of a recession. That plan could be derailed by November’s election.
America’s central bank has cut US interest rates by half a percentage point. The move amps up the pressure on the Reserve Bank to cut rates in Australia.
From a bitter political fight on rates to inflationary haircuts,Bullock’s term as Reserve Bank governor is unlikely to get easier.
The government is standing by its centrepiece workplace reforms even as the Business Council of Australia unleashes a fresh assault on its workplace agenda.
Uncertainty is in the air as the US Federal Reserve gets set to make its interest rates announcement.
Shoppers have yet to dip into their stage 3 tax cuts to boost spending. And they may face a new problem – the tax man.