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The Latest Breaking News from Diana Mousina

Nation's economic pulse check dominates data-heavy week

Australia's weak private sector could dampen the nation's economic recovery and cause GDP growth to undershoot the Reserve Bank's forecasts.

AAP

Hopes RBA won't repeat shock rates hold as board meets

The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.

AAP

Should young Australians be worried about Labor’s superannuation tax changes?

The government wants to double the earnings tax on balances above $3m. How will young workers be affected?

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

P.TV Explains: What Gen Z Needs To Know About The Tax On $3 Million+ Super Accounts

A new tax on super accounts above $3 million has been making headlines, with some (mostly Australia’s ultra wealthy) absolutely raging about it.

Pedestrian.tv

Last big bank holdout against February rate cut folds

With the stars aligned for a February interest rate cut, borrowers are now concerned with how many cuts the Reserve Bank will hand down.

AAP

Australian bourse gets a boost after offshore rate cuts

The Australian bourse has risen after two central banks cut interest rates and investors expressed hope China will announce measures to boost its economy.

AAP

Australia to dodge United States' inflation uptick

Australia is unlikely to experience the same inflation upturn troubling the United States, though not all economists agree Australia is better off.

AAP

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We all know about JobKeeper, which helped Australians keep their jobs in a global crisis. So how about HomeKeeper?

Bipartisan support for temporary extra government spending to preserve businesses and jobs through JobKeeper was one of the few positive outcomes from the COVID-19 pandemic.

The Conversation

Recipe for change as dry spell may eat into food prices

The declaration of an El Nino event alongside a second driver of dry weather could prove to be another spanner in the works in the fight against inflation.

AAP

Aussie unemployment rate hangs on at 3.5 per cent

The labour market has proved resilient, with the jobless rate coming in at 3.5 per cent and 33,000 new jobs added to the economy.

AAP

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

ABC News

Sorry, what? The latest interest rates rise suggests the RBA board is completely lost to logic

How could it come up with that decision given what it said in April and the new data we have seen since then?

The Guardian - AU

RBA says it’s harder to break the bank in Australia

Reserve Bank assistant governor Christopher Kent says Australian banks are on a firm footing despite strained conditions in global financial markets.

The New Daily

RBA says Australian banks strong despite global turmoil

Reserve Bank assistant governor Christopher Kent says Australian banks are on a firm footing despite strained conditions in global financial markets.

AAP

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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

Fair Work Ombudsman announces a record $532 million in unpaid wages were recovered in 2021-22

The Fair Work Ombudsman has announced that a record $532 million in unpaid wages and entitlements was recovered in 2021-22.

ABC News

What is inflation? Why is the CPI so high? And how is the RBA planning to bring it back down?

Inflation is the highest it has been in decades, and is set to rise further. But how is it measured, what is behind the price rises and how will the Reserve Bank get it back under control?

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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Benzinga

Economic View Of The Australian Dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit. Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions.

People

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