The jobs market remains tight despite continued cost-of-living pressures and lacklustre consumer spending - which may be bad news for interest rate cuts any time soon.
The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014,it has hit that mark on just four occasions.
Suddenly,tension and uncertainty have gripped financial markets,making them highly volatile.
Inflation for most goods and services has been falling since late 2022,but the price of beer has risen at its fastest rate in decades.
Sydney lord mayor wants dogs to be allowed inside cafes and pubs,as well as an expansion of subsidised vet services.
Interest-rate sensitive sectors drag the local bourse lower after US stocks slump following a report revealing larger-than-expected US inflation.
Joe Biden’s hopes of staying in the White House have been dealt a further blow with the release of economic numbers that also sent shivers through Wall Street.
Jamie Dimon is one of the most powerful people in the world. His annual letter to shareholders contains an alarming scenario. Australia would not be immune.
Global supply chains don’t have as much slack as they did,say,last summer,after pandemic disruptions were mostly a thing of the past,because Baltimore isn’t the only problem.
Philip Lowe says the current tax system is hurting Australia’s productivity,with the GST rate too low and income tax too high.
Beauty therapist Elice McPhie said 2023 was a tough year. “I went through a whole period of just being depressed because I was deflated by it all.”