Yesterday
Home insurance premiums are up 56pc, but insurers are making a loss
Insurers have made no money on home insurance policies in four years, and the industry warns premiums will continue to soar as natural disasters become more frequent.
- Michael Read
‘Sideways’ inflation threatens US rate cut forecasts: Fed official
Minneapolis Federal Reserve boss Neel Kashkari said policymakers need renewed confidence that inflation will cool before beginning a rate-cutting cycle.
- Timothy Moore
This Month
Lowe sees ‘strong case’ for RBA board members to stay
Philip Lowe has undercut Jim Chalmers’ push for new RBA board members, saying the existing directors are best placed to steer inflation back to target.
- Updated
- John Kehoe, Joshua Peach and Anthony Macdonald
Treasurer must act on PwC
Readers’ letters on the PwC scandal and trust in the accounting profession; the rights of deportees; the manufacturing of solar panels in Australia; and the art of writing letters.
Powell says Fed has time before deciding to cut
Chairman Jerome Powell has moved to shut down any notion that the central bank’s rate decisions might be affected by this year’s presidential election.
- Updated
- Steve Matthews
- Exclusive
- Interest rates
Liberal MPs break ranks on RBA overhaul
Liberal MP Garth Hamilton is urging his party to end its opposition to new RBA board appointments, as QLD senator Gerard Rennick questions the need for reform.
- Michael Read
Tax surge consuming up to 45pc of household income
Federal, state and local government tax revenue is expected to amount to a near-record 30 per cent of gross domestic product in 2023-24, according to the CIS.
- Michael Read
- Opinion
- Global economy
Why women don’t stick with economics
Economic models of anything are founded on the assumption of Homo economicus. No sensible woman looks at this model and recognises herself.
- Yanis Varoufakis
- Opinion
- Global economy
Population decline will destroy the West as we know it
By 2100, the number of people worldwide will have peaked. The value of assets will drop and the incomes they generate will fall.
- Dr Stephen Davies
- Exclusive
- Federal budget
Budget to fast-track investment approvals
Treasurer Jim Chalmers is close to finalising a package to get capital flowing for the stuttering energy transition and other Labor priority projects.
- John Kehoe
- Opinion
- Monetary policy
Reserve Bank ponders the market plumbing
The Reserve Bank board is repurposing the financial system as its cheap pandemic funding is flushed out. It’s doing it as financial markets are only too happy to splash the cash.
- Jonathan Shapiro
- Opinion
- Monetary policy
Can Australia compete in the new post-inflation world?
The “new neutral” medium-term interest rate will make global competition for capital far more intense. The country needs to get ready for that.
- Richard Holden
Population surge and smaller households fuelling home prices: RBA
The resilience of the housing market recovery could make the RBA reluctant to deliver cuts to the cash rate later this year, according to economists.
- Michael Read
- Analysis
- Inflation
Australia is set to be the last country to escape inflation
The Economist measured inflation entrenchment in 10 rich countries. Australia tops the index, with Britain and Canada not far behind.
- The Economist
Almost one in three jobs created last year was for the NDIS
The growth in NDIS-related employment has masked the slowdown in private sector industries like construction, retail and manufacturing.
- Michael Read
- Opinion
- Obituaries
The man who discovered people hate losing more than they like winning
Daniel Kahneman was one of the few psychologists to win the Nobel Prize for economics.
- Andrew Leigh
March
How economists interpreted US inflation data
The Federal Reserve’s key inflation metric has left economists as divided as ever on the timing of a US rate cut.
- Timothy Moore
Bidenomics is making China angry. That’s OK
Biden’s China policy is so tough that it makes me, someone who generally favours a rules-based system, nervous.
- Paul Krugman
No need for Fed to rush rate cuts: Powell
The Federal Reserve chairman said February’s inflation data, released on Friday, was “pretty much in line with our expectations”.
- Catarina Saraiva
US monthly inflation slows; consumer spending surges
Core inflation increased 2.8 per cent year-on-year in February, the smallest gain since March 2021, after rising 2.9 per cent in January.
- Lucia Mutikani
