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The Latest Breaking News from My Bui

Consumer spending and confidence in the spotlight

Analysts and governments will pore over latest economic data this week for more insight into the devastating impact of soaring fuel prices on the nation.

AAP

Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn

The Guardian - AU

Signs point to RBA fine tuning, rather than hike spree

Softer labour market data and consumer confidence levels reveal an economy coming back towards balance and not in need of major monetary tightening.

AAP

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read the most diverse news in one place.

Magic number that could decide an interest rate hike

Traders now tip a greater-than-50 per cent chance of an interest rate hike in February, but some pundits are holding out hope for a Reserve Bank reprieve.

AAP

Rate cut hopes evaporate with healthy jobs figures

Shares have plunged and the Aussie dollar has soared after surprisingly robust jobs figures showed the economy is running near capacity.

AAP

Economy heads for first major test since RBA rate hold

Australia's volatile unemployment rate is expected to tick back down to 4.4 per cent, which would add little urgency for the Reserve Bank to cut interest rates.

AAP

Why Chinese Warehouse TikTok Is Suddenly Taking Over Your FYP

What's this about $5 Lululemon leggings??

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Explainer: What Trump’s New 10% Tariff On Australian Goods Actually Means For You

"This is not the act of a friend,” Albo said of Trump's move today.

Pedestrian.tv

Australia records rare US trade surplus on tariff day

The treasurer has ordered new modelling into the impact of Donald Trump's tariffs, as Australia boasts a temporary trade surplus with the United States.

AAP

Soaring rents slow down as tenants pushed to the brink

Rents remain at record highs in every capital city despite a slowdown in price growth, says a report that finds low supply leaves landlords with the upper hand.

AAP

Australia’s easing inflation rate a boost for mortgage holders eyeing next rate cut – and Labor’s election hopes

CPI figures have economists predicting one to three RBA cash rate cuts in 2025 – the question is whether one will occur before federal election

The Guardian - AU

Pay growth running faster than price rises

Workers have logged another quarter of real wage growth that, thankfully, is not strong enough to push back interest rate cuts.

AAP

Local shares down to round out worst month since April

The ASX200 has finished Thursday down 0.3 per cent to record its biggest monthly drop since April, with supermarkets Woolworths and Coles leading the fall.

AAP

'People haven't splurged': tax cut spending subdued

Australian retailers are finally starting to see a more upbeat consumer, though spending is unlikely to be strong enough to fan the flames of inflation.

AAP

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