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Terry McCrannBusiness commentator

Terry McCrann is a journalist of distinction, a multi-award winning commentator on business and the economy. For decades Terry has led coverage of finance news and the impact of economics on the nation, writing for the Herald Sun and News Corp publications and websites around Australia.

Terry McCrann

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Business

SYDNEY, AUSTRALIA - NewsWire photos FEBRUARY 06, 2024: Pictured is Michele Bullock the Australian economist who is currently governor of the Reserve Bank of Australia speaking at a press conference at the Reserve Bank of Australia (RBA) in Sydney. Picture: NCA NewsWire / Dylan Coker

Why the lady ain’t turning

Wage increases for wharfies and construction workers have left the RBA feeling cautious about its next move as the threat of inflation lingers.

Terry McCrann

Treasury Secretary Dr Stephen Kennedy appearing at a Senate Estimates hearing at Parliament House in Canberra. Picture Kym Smith

Treasury really to blame for broken tax cut promise

So now we get the truth, Treasury really was off on a frolic all of its own, in coming up with the Chalmers and Albo’s plan to break the Stage 3 tax cut promise.

Business

TOPSHOT - US Federal Reserve chair Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, on January 31, 2024. Powell signaled Wednesday that an interest rate cut as soon as in March is unlikely, as the central bank remains data-dependent when mulling its next steps. Powell said the Fed's rate-setting committee plans to "move carefully" and added: "Based on the meeting today, I would tell you that I don't think it's likely that the committee will reach a level of confidence, by the time of the March meeting, to identify March as the time to do that." (Photo by Julia Nikhinson / AFP)

Why the Fed will deliver on rate cuts

The Fed may have caught some by surprise with its cautious approach, but there’s only one way rates are heading in the US, and the RBA should follow its lead.

Terry McCrann

21/11/2023 RBA governor Michele Bullock during a panel on the State of Economy during the ASIC annual forum at the Sofitel in Melbourne. Aaron Francis / The Australian

Inflation figures demand a rate cut

We really should get a rate cut next week based on the new inflation figures, which highlight the folly of the Melbourne Cup day hike.

Business

Boxing Day Sales.Huge crowds at DFO Brisbane looking to snap up a bargain.Picture: Nigel Hallett

Spending plunge screams recession

The collapse in retail spending proves Australia’s economy is teetering on the edge of a recession, and it’s time for the RBA to act.

Terry McCrann

CANBERRA, AUSTRALIA, NewsWire Photos. NOVEMBER 15, 2023: The Prime Minister, Anthony Albanese and Federal Treasurer Jim Chalmers during Question Time at Parliament House in Canberra. Picture: NCA NewsWire / Martin Ollman

McCrann: Cuts hit ‘rich’ on $190k plus

Don’t be fooled, the Albanese-Chalmers tax cuts for all Australians will actually mean a tax increase for five million taxpayers.

Terry McCrann

CANBERRA, AUSTRALIA - MAY 10: Prime Minister Anthony Albanese and Treasurer Jim Chalmers arrive for media interviews at Parliament House in Canberra. Picture: NCA NewsWire / Martin Ollman

Treasury’s ‘disgraceful’ Stage 3 tax cuts role

Treasury was hopeless during the covid pandemic and its role in the so-called Stage 3 tax cuts redesign has been `utterly disgraceful’.

Terry McCrann

PM the new bracket creep

Take a bow PM and Treasurer – ripping the heart out of Stage 3 tax cuts is the most clear-cut and outrageous of your growing list of broken election promises.

Terry McCrann

CANBERRA, AUSTRALIA - NCA NewsWire Photos - DECEMBER 11, 2023: Australian Federal Treasurer Jim Chalmers portrait photoshoot in his office at Parliament House in Canberra ahead of MYEFO. Picture: NCA NewsWire / Martin Ollman

Looming RBA meeting a test of ‘Chalmers Rules’

The looming meetings of the RBA and the Federal Reserve plus the latest inflation figures will set the foundations for the year ahead and also test Treasurer Jim Chalmers.

Terry McCrann

Graphs and figures in a still life. pen, Australian money, generic

How 2023 scored gold, but rates won’t be our boon next year

It took until the last two months of the year, but the ‘Golden 2023’ for investors, that I suggested just on a year ago might be delivered by the Fed, did finally arrive.

Original URL: https://www.heraldsun.com.au/journalists/terry-mccrann/page/9