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The Latest Breaking News from Brendan Rynne

Australians expected to spend big on Boxing Day as shoppers warned of deceptive sales tricks

Shoppers predicted to spend $3.8bn in the week after Christmas, with household goods and fashion to dominate sales

The Guardian - AU

Slashing migration would actually lead to higher house prices in Australia. Here’s why

Economic modelling reveals the effects of eliminating migration for a decade on growth, the workforce and the budget

The Guardian - AU

Australian households are spending more – and it’s helping the economy regain some momentum

After two years of weak economic growth, there are signs of a recovery in household consumption – though productivity remains a soft spot

The Guardian - AU

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Falling inflation rate boosts chances of RBA interest rate cut and relief for mortgage holders

Sharp drop to 2.1% in 12 months to May shows ‘continued pattern of deflation’, KPMG economist says

The Guardian - AU

Could Trump’s tariffs lead to another house price boom in Australia?

Sharemarket volatility and job uncertainty can scare property investors, but lower borrowing rates may push up home values

The Guardian - AU

Trump’s tariffs could deliver a $27bn blow to Australia – and the cost of a global trade war would be far higher

How other countries retaliate matters hugely for how Australia’s economy weathers the storm of ‘liberation day’, experts say

The Guardian - AU

Economists less confident of RBA rate cut than market

An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.

AAP

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Care economy growing fast and boom set to continue

Treasurer Jim Chalmers has defended Australia's fast-growing care economy, dismissing federal opposition criticism as rooted in "snobbiness".

AAP

Public sector wages increase at second fastest pace in 14 years, ABS data shows

Private sector wages growth was up just 0.7% for the June quarter, the equal lowest since the end of 2021

The Guardian - AU

'Barely growing': economy limping as rate pain builds

The economy is still expanding - but only just - after households opened the purse strings for concerts and other one-off events in the March quarter.

AAP

Australia not 'complacent' on expected weak growth

Treasurer Jim Chalmers says Australia is not immune nor complacent in the face of economic challenges though a soft landing is still anticipated.

AAP

PM open to crossbench talks on tax cut changes

As the Greens urge further changes to stage three tax cuts, the prime minister says he is open to negotiations to ensure their passage through parliament.

AAP

Borrowers survive fixed-rate cliff but more pain looms

The expiry of hundreds of thousands of ultra-low fixed-rate mortgages has been painful but most borrowers have taken it in their stride.

AAP

Enjoy it while you can: July’s RBA rate pause is likely to be fleeting, unless a lot goes right

Inflation remains too high globally – and Australia’s may still be ‘out of whack’ by the time the board next meets in August

The Guardian - AU

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The New Daily

Economy slows to a crawl as consumers cut spending

Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.

The New Daily

ACTU calls for ‘survival increase’ in wages of 7 per cent

Australian unions are pushing for a "survival increase" in the minimum wage as inflation and the cost of living crush lowest-paid workers.

The Guardian - AU

What experts think of the RBA’s interest rate rises – and what they say is coming next

Five leading economists give their views on what’s on the horizon for Australia’s economic future

AAP

Economists say recession still possible as rates bite

As the Reserve Bank weighs up further rate rises, there are concerns domestic and global factors could stall Australia's economy.

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AAP

Jobless rate likely still below 4pct

The next set of jobless and employment numbers due this week are likely to show the labour market remains tight ahead of next month's central bank meeting.

The Guardian - AU

Reserve Bank’s dovish interest rate rise gives Jim Chalmers more cause to grin than grimace

The treasurer was used to empathising with borrowers after the RBA’s ‘supersized’ rises – instead, he got to talk about the budget

The Guardian - AU

Economists predict slowdown for Australian economy as interest rates continue to rise

Soaring commodity exports and positive agricultural forecast expected to be balanced by Reserve Bank’s moves to counter inflation

The Guardian - AU

Despite Australia’s soaring inflation rate, some economists say the peak may be ‘coming into view’

Analysis: Inflation optimists look to falling global supply chain pressures but spiking energy prices suggest we haven’t reached a plateau yet

The Guardian - AU

Jim Chalmers banks on capital spending to help ease cost-of-living crisis

New treasurer says Labor is ‘not contemplating’ extending fuel excise cut or low and middle income tax offset

The Guardian - AU

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

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