The Latest Breaking News from Pat Bustamante

Economic growth data next milestone for Reserve Bank

GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.

AAP · Aug 30

Rapid demand for AI datacentres in Australia could stoke inflation, experts warn – and crowd out land for housing

Calls are growing for new datacentre approvals to be halted until stronger protections are considered

The Guardian - AU · Jul 1

Thirsty and power hungry: Australia is in the middle of a datacentre boom – but are they good for the economy?

They’re a key part of the digital and AI economy but they come at a high environmental cost and offer few operational jobs

The Guardian - AU · Jun 21

Economists Baffled As Australia’s Unemployment Rate Hits Its Highest Level In 4 Years

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain steady through 2026.

Pedestrian.tv · Oct 17, 2025

An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?

The Guardian - AU · Oct 16, 2025

Australia’s workers reaping greater share of national income than before pandemic

Westpac economist says tighter labour market is behind changes in how the ‘economic pie’ is divided

The Guardian - AU · Sep 14, 2025

Jobs data in focus as economic outlook brightens

Workers are taking home a larger slice of the economic pie as a result of Australia's historically tight labour market.

AAP · Sep 14, 2025

Consumer boom drives surprise jump in economic growth

Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.

AAP · Sep 2, 2025

Rate cut looms as inflation result brings RBA 'comfort'

The Reserve Bank should have "all the comfort it needs" to cut interest rates again in August after underlying inflation fell to a three-and-a-half year low.

AAP · Jul 29, 2025

National accounts to reveal Australia's economic pulse

Australia's economic growth rate for the first quarter will be revealed this week and investors will study minutes from the Reserve Bank's last board meeting.

AAP · Jun 1, 2025