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Cliff Notes: A Central Bank Trifecta

In Australia, nominal retail sales rose strongly in September, up 0.9% (2.0%yr). However, this was mostly due to transitory factors, including policy changes around medicines under the Pharmaceutical Benefits Scheme and major product releases, most notably the latest iPhone model. On a three-month rolling basis, nominal retail sales lifted 0.8% in September; underlying this, the just released quarterly data reports volumes rose 0.2% in Q3 following a 0.6% decline in Q2. Our Westpac Card Tracker ...
United Kingdom Luci Ellis Melbourne Institute Pharmaceutical Benefits Scheme Westpac Card Tracker Westpac Chief Economist Luci Ellis

Borrowers weigh personal, professional options as student loan payments resume

Justin Brown, a father of a 2-year-old who lives with his wife in the St. Louis, Missouri area, has $20,000 in student loan debt. Before the pause on loan payments at the start of the pandemic in 2020, he paid $300 a month. But now that Brown has a family, his financial responsibilities have grown — paying for child care, a mortgage for a house he bought in 2022 and car notes, to name a few.
United States New York Selm Hepp Jerome Powell William Mary Lissa Knudsen

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