Today
Rate cut hopes fade as RBA sounds the alarm on inflation
Traders have pared back wagers for an interest rate cut in 2024 after the Reserve Bank said it was alert to upside risks to inflation.
- 33 mins ago
- Cecile Lefort and Jonathan Shapiro
Investor exodus gathers pace in Melbourne and Sydney
Higher tax burdens and weaker capital gains are prompting a growing number of property investors to sell out of Melbourne and Sydney.
- 1 hr ago
- Nila Sweeney
- Opinion
- Chanticleer
RBA’s narrow path is getting narrower. Blame the housing market
The RBA’s concern is that rising household wealth – thanks in large part to strong house price growth – could keep inflation stickier than it wants.
- 1 hr ago
- James Thomson
- Opinion
- Opinion
Bullock speaks semi-hawkishly about inflation, but acts dovishly
Apparently the Reserve Bank thinks raising rates would trigger a technical recession, so don’t expect our inflation-driven cost-of-living crisis to end soon.
- Richard Holden
RBA warns on budget spending surge as August rate increase now ‘live’
The board warned that big-spending government budgets risked stoking demand, and conceded inflation was proving stickier than expected.
- Michael Read
Yesterday
- Opinion
- Opinion
Jobs boom means rate rise will be close call
It is becoming increasingly clear that a critical reason the economy is proving resilient to tighter monetary policy is a chronic shortage of labour.
- Warren Hogan
Top earners and companies bear record tax burden
Newly released ATO data reveals the top 1 per cent of earners are forking out almost one-fifth of personal tax revenue.
- Michael Read and Tom McIlroy
The suburbs where unit values are on the cusp of a new high
Low supply and intense competition for cheaper properties are fuelling big gains in unit prices.
- Nila Sweeney
This Month
AI poses ‘massive’ risk to financial system, warns RBA reviewer
Renee Fry-McKibbin, one of the authors of the RBA review, says the risk posed by AI shows the need for specialist governance and interest rate-setting boards.
- Michael Read
ASX to fall, traders tip RBA to keep rates on hold all year
Australian shares are set for a weak start this week ahead of the central bank’s meeting. Some economists even say the chance of a rate rise is underpriced.
- Cecile Lefort
World is looking ‘more like the 1930s’, Future Fund warns
Australia’s sovereign wealth fund chief is reshaping its $200b portfolio as global risks hit a 50-year high.
- Jonathan Shapiro
- Exclusive
- Inflation
Chalmers’ budget is expansionary: RBA analysis
Labor’s third budget adds more money into the economy this year than it takes out, making it ‘slightly expansionary’, according to RBA research.
- Michael Read and Ronald Mizen
Investors dial up bets on September Fed rate cut after weak jobs data
Traders ascribe a 78 per cent chance the US Federal Reserve will cut interest rates in September, opening the door for the RBA to follow.
- Cecile Lefort
Jobs are booming in this industry, but the cause is rooted in sadness
A mental health services recruiter says demand for employer assistance programs has skyrocketed since the pandemic as people battle cost of living pressures.
- Gus McCubbing
Job losses near record lows as unemployment falls to 4pc
The share of workers losing or leaving their jobs has fallen to a near-record low as the labour market shows remarkable resilience to higher interest rates.
- Updated
- Michael Read
$A jumps most in a month as markets ramp up rate cut bets
Traders have dialled up expectations that both the US Federal Reserve and the Reserve Bank will cut rates this year after US inflation slowed more than expected.
- Cecile Lefort
- Opinion
- Chanticleer
Rate cuts are coming, but Wall Street guru fears ‘unstable’ backdrop
Good news on US inflation helped Wall Street to a fresh record. But Morgan Stanley’s Mike Wilson sees two big worries hanging over markets.
- James Thomson
Hawkish Fed signals just one cut this year
US policymakers expect just one interest rate cut by the end of the year and four in 2025 as inflation proves more resilient than previously thought.
- Updated
- Matthew Cranston
Sellers jack up house prices as values surge to record highs
Supply is driving rises in some areas, but in some suburbs, asking prices rose at the same time as listings went above the decade average.
- Nila Sweeney
Slowing economy puts RBA rate cut on the cards: Minack
Macro strategist Gerard Minack says the cash rate is “restrictive enough”, while global borrowing costs are going to remain stubbornly high for years to come.
- Jonathan Shapiro
