The Prime Minister is set to lambast the Coalition’s supposed internal bickering, after the Opposition Leader was labelled a “thug” by one of his predecessors. In a speech to be delivered to party faithful in NSW on Sunday, Labor Leader Anthony Albanese will take aim at the Coalition in theContinue Reading
Treasury officials have indicated that Australia’s economy is currently moving in the right direction, raising the possibility of a future budget surplus. Appearing at a Senate estimates hearing on Tuesday, Treasury Secretary Steven Kennedy said inflation was on track to fall to 2.75 per cent next year with “no evidenceContinue Reading
Australians have changed the way they’re clothes shopping in response to the cost of living crisis, new data has revealed. Despite discretionary spending going down overall in the last 12 months, almost 40 per cent of consumers aged 18-39 have actually increased their usage of online shopping, the Australian EcommerceContinue Reading
Australia’s jobless rate held steady at 3.7 per cent in August after the economy added a bumper 64,900 jobs across the month in the latest sign that Australia is on track to avoid a hard landing. Growth in part-time jobs made up the lion’s share of the employment gains, upContinue Reading
Nearly half a million jobs were created in the first year of the Albanese government, the strongest start on record according to Treasurer Jim Chalmers. As Treasury and the Reserve Bank alike predict that the unemployment rate of 3.6 per cent will tick up in the months ahead as theContinue Reading
Unreleased modelling from the Reserve Bank suggested there was a one-in-two chance of Australia avoiding a recession, with another scenario placing that risk as high as 65 to 80 per cent. In an email written by an RBA analyst sent in September 2022, and released under freedom of information laws,Continue Reading
A red hot labour market is expected to put pressure on the Reserve Bank to hike interest rates at its next board meeting. The unemployment rate remained steady at its near 50-year low of 3.5 per cent in March after 53,000 jobs were added to the market. Economists had widelyContinue Reading
Mortgage rates are rising, but surprisingly young Australians are suffering the most financially due to the cost of living crisis. As inflation continues to soar, Finder’s cost of living report found that young Aussies were feeling the crunch the hardest. Finder surveyed more than a 1000 Australians across age, gender,Continue Reading
There are fears that the risk of Australia falling into recession has risen with early signs pointing to potential financial doom for the country as the strain of soaring inflation and cost of living pressures show no signs of easing. While retail sales dropped by 3.9 per cent in December,Continue Reading
You can never say never when it comes to stock markets. They are the craziest of all asset markets. Sentiment-driven, full of forced buying and selling robots, and without peer when it comes to responding to macro-stimuli. All three of these factors are on display in the current ASX rally.Continue Reading