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The Latest Breaking News from Bill Evans

‘Per capita recession’: Banks forecast longer downturn as more interest rate rises loom

Australia facing a multi-year per capita recession and even a quarter of negative economic growth in early 2024 with higher interest rates.

The New Daily

Threat of higher rates remains, but peak may be in sight

The Reserve Bank is prepared to hike interest rates again in June, but has signalled mortgage bills may now be high enough cool inflation.

The New Daily

Interest rates unlikely to fall amid 'once-in-a-generation' inflation battle, warns former RBA boss Glenn Stevens

The Reserve Bank of Australia (RBA) warns further interest rate increases are still possible, as a former RBA governor says the low-rate era is over, leaving households feeling like Australia is heading for recession.

ABC News

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Consumer confidence sinks following rate hike, budget

Consumers remain down in the dumps after the 2023/24 federal budget failed to meet the expectations of those under financial stress.

The New Daily

Economists say federal budget unlikely to have much effect on interest rates

While the 2023 budget is unlikely to budge the RBA, experts are watching for inflationary pressure from a population boom and energy prices

The Guardian - AU

“I had been warned I might be shot immediately but I decided to do it anyway": The unstoppable Charlie Haden

One from the archive: Bass Player’s July 1991 profile of legendary jazz bassist Charlie Hayden

Guitar World

An introduction to Flying Colors

When modern prog supergroup Flying Colors released their debut album back in 2012 Prog sat down with each member to find out what makes them tick

Louder

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Australia's growth prospects still looking downcast

Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.

AAP

Young Australians hit the hardest as bills skyrocket in 2023

Young Australians are suffering the most under the cost of living crisis, according to new data, which shows many are taking 2nd jobs.

The New Daily

More economists predicting RBA will pause rate hikes

Westpac, St. George, HSBC, JP Morgan and AMP now expect the Reserve Bank won't raise rates in April - but ANZ and CBA still forecast a rate hike.

AAP

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The New Daily

Interest rate rises have Australians ready to slash spending, and businesses are bracing for the cuts

Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn is imminent — and small businesses are already seeing it in action.

ABC News

Interest rate pause still months away, economists warn

Despite a softening of language from the RBA, economists are still tipping another rate rise when the central bank next meets.

The New Daily

Mortgage holders brace for another interest rate blow

The Reserve Bank is expected to raise interest rates again, turning up the heat on already stretched household finances.

The New Daily

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The New Daily

Pressure on Labor over tax cuts, amid broad support for super hikes

Pressure is mounting on the federal government over tax cuts, amid support for super changes and ahead of another interest rate rise.

AAP

Mortgage holders brace for more interest rate pain

The Reserve Bank is expected to hike interest rates again this week and turn up the heat on already stretched household finances.

AAP

Dark clouds forecast for economic growth

A forward-looking indicator has recorded another month of negative growth, casting a shadow over Australia's economic prospects in 2023.

ABC News

Consumer confidence plunges below GFC lows and Christmas cut-backs planned

Consumer confidence plunges below the levels seen during the global financial crisis, causing a record number of households to slash their Christmas spending plans.

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The New Daily

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

AAP

Reserve Bank nervous about rate hike lag

The Reserve Bank wants to give its earlier aggressive rate hikes a chance to flow through and to see how households respond.

ABC News

'Chasm' between weak consumers and booming businesses widens. How and when will it close?

Australian households are feeling "deeply pessimistic", but they are still spending money and business confidence keeps booming.

The New Daily

RBA’s search for inflation sweet spot tipped to raise interest rates to 2.35 per cent

Households are staring down yet another mortgage bill hike next week, with the Reserve Bank set to pass through its fifth interest rate hike in a row.

ABC News

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

ABC News

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

Pedestrian.tv

Treasurer Jim Chalmers Says A Recession In Australia Is ‘Probable’ So WTF Does That Mean?

Economists predict a recession in Australia isn't near yet but it's being talked about as an increasing possibility. So what could it mean?

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