Rate hike ‘warranted’ in inflation fight
The major financial agency has backed the RBA’s interest rate policy, but warned more rises would be warranted in the fight against inflation.
The major financial agency has backed the RBA’s interest rate policy, but warned more rises would be warranted in the fight against inflation.
The major financial agency has backed the RBA’s interest rate policy, but warned more rises would be warranted in the fight against inflation.
An industry-first agreement will look to protect one Australian fund’s workers in the age of ChatGPT with a new “gold standard”.
Millennials and Gen Z Aussies might be locked out of housing, but in one area of economic life they are in prime position.
The Australian sharemarket slipped on Wednesday as investors braced for a broader war in the Middle East.
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
The Australian sharemarket notched a fresh record high on Monday on the back of a mammoth rally in iron ore prices.
Treasurer Jim Chalmers says a major move by China could be a game changer for a key sector of Australia’s economy.
The Albanese government is celebrating its budget surplus, but it’s still unclear when household budgets will get some reprieve.
The Albanese government is celebrating its budget surplus, but it’s still unclear when household budgets will get some reprieve.
Labor is set to reveal a budget first since the 2007-08, confirming a back-to-back budget surplus that exceeded May forecasts by $6.5bn.
Labor is set to reveal a budget first since the 2007-08, confirming a back-to-back budget surplus that exceeded May forecasts by $6.5bn.
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
The OECD says the world economy is “turning a corner” on inflation and offers a bullish read on Australia’s outlook for 2025.
The OECD says the world economy is “turning a corner” on inflation and offers a bullish read on Australia’s outlook for 2025.
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
More and more Australians are taking on multiple jobs to keep their heads above the water, but the issue runs deeper than just cost of living.
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
The local sharemarket traded flat on Wednesday as investors moved cautiously before Thursday morning’s pivotal Fed rate cut decision and the release of key jobs data.
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Jim Chalmers has amped up his tax cut sell, revealing the group of Aussies expected to pocket an average of $3000 amid renewed concerns on the inflation fight.
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
Wall St hit fresh highs overnight but it wasn’t enough to lift Aussie equities, with the ASX200 drifting lower on extended weakness in China.
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
From tax to minimum wage, the financial landscape for Australians will change dramatically from July 1. Here’s what’s coming.
A massive net overseas migration number has pushed Australia’s population to 27 million in the latest population figures from the ABS.
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
With the commencement of the Albanese government’s 1.2 million homes target less than one month away, housing approvals continued to disappoint.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
Labor’s Industry Minister is advocating for a cut in corporate taxes to help companies have the capital to invest in the future.
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Shadow treasurer Angus Taylor appears to have contradicted his own party’s proposed cuts to the net migration intake, after indicating a completely different figure to one proposed just days ago.
Aussie households are being ripped off at an astonishing rate by energy “vampires” that rack up charges on household power bills even when turned off.
While attempting to lay out the Coalition’s economic credentials, shadow Treasurer Angus Taylor confused the opposition’s cut-through line on migration.
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
Australian billionaire Gina Rinehart has offered some advice for Prime Minister Anthony Albanese as he struggles to secure a budget bounce.
Opposition Leader Peter Dutton has backed in his plan to overhaul Australia’s migration intake to help end the housing crisis.
Energy retailers will be forced to help customers pay less for their electricity.
Original URL: https://www.goldcoastbulletin.com.au/business/economy/federal-budget