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.
The joy may be short-lived,with inflation data due next week key to the Reserve Bank board’s next interest rate move.
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.
It’s been a day since former US President Donald Trump was shot at a rally,and the fallout from the assassination attempt is continuing to rock the world.
Baby formulas cannot be marketed,but toddler milks aren’t covered by the voluntary code. Health experts say that is not good enough.
The media opportunity comes amid a growing number of Democrats calling on him to stand aside as the party’s candidate in the November 5 election.
Australians are largely growing up to be better off than their parents,but there are risks younger generations may not gain much ground.
As the government campaigns on the cost of living,the OECD reports Australia’s wage growth lags the UK,Canada and the United States.
Australia’s inflation rate has been falling for over 18 months,but rent and insurance inflation are among the household essentials bucking that trend.
Retail turnover rose by 0.6 per cent in May following two sluggish months of consumer spending.