Page 3 - Peter Downes News Today

Major companies Boral, Suncorp and Amcor have warned of ongoing price rises amid little evidence that the Reserve Bank’s most aggressive tightening cycle in a generation has dampened demand.

TIS the season to light up the neighbourhood...

Debt-funded spending in Treasurer Jim Chalmers’ first budget will be the most expensive in almost a decade, as surging interest rates globally drive bond yields to long-run highs.

A more aggressive US Federal Reserve has pushed some economists and currency strategists to revise their outlook for the Australian dollar lower, in a potential blow to consumers already battling rapidly rising prices.

Government spending is too high and should be cut to help reduce inflation, otherwise the RBA will be forced to raise interest rates more, economists have warned.

Follow Australian Financial Review Property Summit updates here; Reserve Bank’s head of domestic markets Jonathan Kearns said interest rate sensitivity similar to early-2000 levels; Anthony Albanese said protecting rule of law is contingent for any relationship with China.

Tax payments as a share of the economy have hit a 16-year high and could surpass the former Coalition government’s tax cap, after record mining and energy profits and a boom in jobs delivered a multibillion-dollar windfall to the federal budget.

Consumer spending was incredibly strong and real hourly earnings grew in the June quarter, defying the doom and gloom of many pundits.

Australian economy at wages and jobs crossroads

John Caldwell has been named as the new president of the Huntingdon Rotary Club.