The Latest Breaking News from Matthew Hassan

Reserve Bank's grim rates warning as oil prices spike

The war in the Middle East is threatening to push oil prices back above the crucial $US100 a barrel mark and make inflation even harder to get back to target.

AAP · Sep 8

Fourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week

Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hike

The Guardian - AU · Jul 14

RBA's stagflation nightmare: prices up, confidence down

Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.

AAP · Apr 14

Consumer confidence rebound wobbles following Trump win

The recovery in consumer confidence is gathering steam despite a blip following the United States election result last week.

AAP · Nov 11, 2024

Jobs bright spot for consumers as economy teeters

Consumer sentiment has been tracking at low levels for two years and is showing few signs of material improvement.

AAP · Apr 9, 2024

False start to rebound in consumer sentiment

Surveying of consumers has captured nervousness about the state of the economy in the next 12 months, reflecting news coverage of sluggish growth.

AAP · Mar 26, 2024

Australian shares lift to move back above key marker

The ASX200 rose 0.8 per cent to climb back above the 7,000 level amid strong gains by the energy and mining sectors.

AAP · Nov 14, 2023

Consumers, businesses still wary about the future

Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.

AAP · Nov 14, 2023

Heated inflation figures put rate hike firmly in play

The Reserve Bank may be forced to lift interest rates again as fresh inflation data suggests the fight is not yet over.

AAP · Oct 24, 2023

Households buckle under pressure, retail sales plunge to three-decade low

First annual fall in retail sales volumes since 1991, except for pandemic.

The Canberra Times · Aug 3, 2023