Shemara Wikramanayake says Australian inflation is six months behind countries where rates have already been cut,but the economy is stronger in other areas.
For much of this year,markets have been pricing in the implications of a second Trump presidency. After Wednesday’s debate,those “Trump trades” started to unravel.
If the iron ore price is a barometer of the health of China’s economy,then it is signalling a level of weakness that ought to galvanise China’s policymakers.
There is no sign the treasurer has helped the government or himself with his statement that higher rates were “smashing” the economy.
You can’t argue that demand has been growing stronger than supply and so causing price rises,while claiming profits have not risen.
A slim majority - 51 per cent of voters - say the government has the greatest role in halting the pressure on prices.
Without government spending on Medicare bulk-billing,pharmaceuticals and the NDIS,the country would already be in a recession.
This week’s national accounts suggest the RBA’s latest forecasts around households were wrong. But there are several key indicators it will watch before it moves on rates.
Michele Bullock’s alert comes amid signs the business sector is also struggling with high inflation and rates.
The latest national accounts show an economy on the edge of a recession. Don’t blame the Reserve Bank – it’s responding to the symptoms of a problem long in the making.
Nearly a month ago,Wall Street plunged in response to a shock set of US job figures. Overnight,the market plunged again,in expectation of more bleak numbers this week.