‘Hostilities’: Bad news for interest rates
Aussies are desperately waiting for cost of living relief via interest rate cuts but new issues have emerged which could stop it happening this year.
Aussies are desperately waiting for cost of living relief via interest rate cuts but new issues have emerged which could stop it happening this year.
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.
The amount average Aussies need to earn each week just to pay rent in some of the country’s most sought-after suburbs has been revealed.
Even as household budgets come under pressure, tens of thousands of Aussies took on additional debt in February, new data shows.
Even as household budgets come under pressure, tens of thousands of Aussies took on additional debt in February, new data shows.
With the benchmark finishing in the red for three of the past four sessions, the sharemarket dipped 1.6 per cent this week.
After a sharp sell-off during Wednesday’s session, the sharemarket unwound some, but far from all, of its losses on Thursday.
With Australians facing a cost of living squeeze, households devoted more of their budgets towards the essentials.
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Taking its lead from Wall Street, the local benchmark slipped as rate cut expectations continued to unwind.
A pivot from the Reserve Bank could mean hopeful homeowners could have their borrowing power surge by thousands.
A pivot from the Reserve Bank could mean hopeful homeowners could have their borrowing power surge by thousands.
After resetting its intraday record, the benchmark edged lower as traders grew skittish.
For the first time since it started its aggressive run of rate hikes, the RBA did not consider the option, minutes from its latest meeting have revealed.
For the first time since it started its aggressive run of rate hikes, the RBA did not consider the option, minutes from its latest meeting have revealed.
Australians wanting to buy a home have been dealt a fresh blow, with data revealing the real amount you should be earning to be able to pay the mortgage.
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
Ahead of key GDP figures to be released later this week, the Treasurer has issued a stark warning.
Ahead of key GDP figures to be released later this week, the Treasurer has issued a stark warning.
Just 12,850 new dwellings were approved for construction in the first month of 2024, fresh ABS data has shown.
Just 12,850 new dwellings were approved for construction in the first month of 2024, fresh ABS data has shown.
Interest rates cuts are vital for Aussie mortgage holders but there is a chance that the forecast date for the cash rate cut could change.
After plunging in December, retail sales disappointed in January, falling well short of economists’ expectations.
In a bid to bolster their pay packets, Aussie workers are doing one thing, fresh analysis has revealed.
The embattled Immigration Minister was peppered with questions after a detainee was arrested before police then dropped the charges.
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
Despite fresh inflation data showing consumer prices held steady in January, the share market edged lower on Wednesday.
Households, eagerly awaiting rate cuts, received some good news when the inflation rate was unchanged in January.
Households, eagerly awaiting rate cuts, received some good news when the inflation rate was unchanged in January.
The government has got its stage 3 tax cuts through the Senate, meaning they will be in people’s pockets from July 1.
One of Australia’s most controversial leaders will give his final words to Parliament.
A dramatic boom in US tech stocks overnight pushed the local share market higher on Friday.
A former RBA governor and a former treasurer have teamed up to slam the government over plans to remove a major design of the RBA in their shake-up.
A former RBA governor and a former treasurer have teamed up to slam the government over plans to remove a major design of the RBA in their shake-up.
The benchmark ASX 200 fell 0.74 per cent midweek, with a slump in mining stocks and ‘mixed results’ from supermarket giant Woolworths.
Annual wages growth has hit nearly 15-year highs, but the good news comes with a warning from one economist.
More rate hikes are still on the cards after the Reserve Bank revealed it considered whether to raise interest rates when it met earlier this month.
Rate cuts aren’t forecast until December 2024 but this prediction doesn’t tell the full story of what’s happening in Australia.
Australia’s biggest bank has raised mortgage holders’ hopes by predicting interest cuts will start rolling earlier than expected, with at least three reductions before Christmas.
Australia’s biggest bank has raised mortgage holders’ hopes by predicting interest cuts will start rolling earlier than expected, with at least three reductions before Christmas.
The Reserve Bank may not cut rates until next year, the CEO of Commonwealth Bank has warned in a break with his own economists.
Original URL: https://www.themercury.com.au/business/economy/interest-rates/page/6