Green shoots ahead for Aussie economy: OECD
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.
Interest rates are collapsing across the developed world – but Aussies are still paying through the teeth thanks to one huge mistake.
Inflation is coming down but experts are warning it isn’t yet time for Aussies to pop the champagne bottles to celebrate a rate cut.
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
Australian shares slipped on Monday trading as investors price in rising geopolitical uncertainty in the Middle East.
Softer-than-expected producer price data failed to ease the concerns of inflation-worried investors.
With the construction sector battered by soaring cost, elevated interest rates and labour shortages, new home building starts plunged in 2023.
Borrowers holding out for rate cuts could be waiting longer still for relief, with analysts expecting the RBA to wait for the Fed to move first.
With US inflation proving more stubborn than expected, traders are increasingly concerned rate cuts will be delayed.
After household spending jumped during February due to Taylor Swift’s sold-out stadium tour, turnover in March was weaker.
A rally in material stocks helped push the benchmark into the green, as investors awaited fresh inflation data due Wednesday evening.
The Australian share market was up slightly as investors await new inflation data from the US, which will be key to its path on interest rate cuts.
Experts are urging Australians to get on top of their credit cards as the eye-watering post-Christmas debt grew again in February.
While the benchmark edged only slightly higher, key members on the share market swung wildly in trading on Monday.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/41