In minutes of their July 27-28 meeting released overnight, Fed officials saw the potential to ease bond-buying stimulus this year if the economy continues to improve as expected, although the condition of "substantial further progress" toward maximum employment had not yet been met.
An Australian on less than $90,329, who works full-time, is now considered to be a below-average earner. Unemployment has also fallen despite the lockdown but statistics can be deceiving.
The nation's tourism sector has slammed the Rudd Government for not coming to the aid of the struggling industry despite giving billions to the car industry, saying they were placed at the "back of th | eTurboNews | Trends | Travel News