Stay updated with breaking news from David Plank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It's been a tough start to 2022 for many ASX retail shares. Data released today shows just how tough it has been and provides mixed forecasts for the future.
Economists expect the Reserve Bank will raise the cash rate this year, despite the central bank's latest forecasts suggesting it will hold off until mid-2023.
But Australians face a full year of real wages going backwards as the latest forecasts show inflation is set to outpace wage growth this year.
Ground Breakers: The Winter Olympics are here and this is why it’s a big deal for the iron ore market
Real wages are falling and will continue to drop until well into next year, the RBA has revealed while predicting the nation’s jobless rate could tumble to 3 per cent as the economy recovers strongly from the Omicron outbreak.