Today
RBA will ignore budget’s ‘miracle’ inflation forecast
Former Reserve Bank official Jonathan Kearns has cast doubt on whether the budget can produce a “magical” drop in inflation beyond the short term.
- John Kehoe
Mortgage relief in sight after traders scrap rate rise bets
A surprise pickup in the unemployment rate has bolstered bets that the next move from the Reserve Bank may be lower. Cooling US inflation data overnight also helped, sending the Aussie dollar to a four-month high.
- Cecile Lefort
- Opinion
- Chanticleer
How inflation relief and Buffett’s new bet gave bull market fresh legs
Wall Street popped to new record highs on better than feared US inflation data. But there’s a big contradiction at the heart of the bulls’ outlook.
- James Thomson
US stocks close at record high on slower inflation pace
Wall Street notched record closes after data showed price growth moderated, bolstering investor hopes for interest rate cuts by the Federal Reserve.
- Updated
- Matthew Cranston
Yesterday
Moody’s warns big ‘structural’ spend will leave budget mired in red
The influential ratings agency said the broader issue was “how effective spending programs such as Future Made in Australia are in allocating resources”.
- Cecile Lefort
- Opinion
- Chanticleer
Fundies are riding a wave of stimulus. Jim Chalmers just added to it
Investor bullishness is as strong as it’s been since 2021, but one key question in BoA’s latest fund manager survey particularly resonates after the latest budget.
- James Thomson
- Opinion
- Federal budget
Why Chalmers’ budget made me very grumpy
I’m feeling as grumpy as I appear in my headshot. That’s because the big ask of the budget was not to poke the inflationary bear. It didn’t pass that test.
- Chris Richardson
‘Expansionary’ budget at odds with RBA rate push
Despite calls for Labor to adopt a contractionary fiscal policy to complement the RBA, economists say Tuesday’s budget was likely expansionary or neutral at best.
- Ronald Mizen
‘Higher costs, more taxes’: Business warns budget could fuel inflation
Business has warned the third Chalmers budget could add to inflation, and urged the government to rein in spending to prevent a decade of deficits.
- Michael Read
This Month
Producer prices leap as US inflation remains sticky
The unexpectedly high readings may raise concerns on Wall Street and in the Federal Reserve.
- Christopher Rugaber
The budget in five key charts
The five key graphs to understand the government’s latest federal budget.
- Edmund Tadros
$24b in front-loaded spending risks fuelling inflation
Spending and taxing decisions in this budget will tip an extra $24 billion into the economy, jarring with the government’s claims that it is putting downward pressure on inflation.
- John Kehoe
- Opinion
- Federal budget
Industry policy will win votes but very little else
Why not accept the gift of China’s subsidised exports, and use the money we save to deal with our many more serious challenges?
- Alan Mitchell
- Opinion
- Federal budget
Treasurer Jim Chalmers’ message to the nation
The $22.7 Future Made in Australia policy will make Australia an indispensable part of the global green energy revolution.
- Jim Chalmers
- Opinion
- Chanticleer
Meme stock stupidity is back at the dumbest possible time
The $6 billion jump in the value of crappy US retailer GameStop is a sign of pure speculative excess.
- James Thomson
Chalmers rejects ‘political trick’ inflation reduction claim
Former RBA board member Warwick McKibbin levelled the claim ahead of Tuesday’s budget, while economists warned bill relief would only stoke consumer demand.
- Ronald Mizen and Michael Read
Budget surplus of $9.3b and then a sea of red ink
Tuesday’s federal budget will forecast a surplus of $9.3 billion for this financial year, after which the bottom line will plunge into successive deficits.
- Phillip Coorey
- Opinion
- Chanticleer
Investors shouldn’t believe Chalmers on inflation just yet
For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well.
- Updated
- James Thomson
Nvidia rivals gold as shield against inflation, survey shows
The mega cap US tech stocks are not only a bet on innovation but also offer potential protection against inflation, according to some investors.
- Edward Harrison
Rate rise still priced in despite Chalmers’ ‘optimistic’ forecasts
Bond markets are continuing to bet that the RBA will have to lift rates this year, despite new government forecasts predicting inflation will fall faster than the central bank expects.
- Updated
- Alex Gluyas