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MacroBusiness Access Subscriber Only Content By Gareth Aird, head of Australian economics at CBA: Key Points The trimmed mean CPI on our forecasts will print at +0.6% (1.3%/yr). The inflation debate is expected to heat up over 2021 as the labour market continues to tighten and wages growth is forecast to gradually lift. Overview The Australian economic recovery has been swift and the labour market has tightened a lot. There is more to come. Our forecast is for the unemployment rate to continue to fall to 5.0% by end‑2021. Financial markets are now very much focussed on what a tightening lab...

Business hails miracle rebound Share Business leaders have hailed the strength of the recovery of the Australian economy, describing the bounce back of jobs, which pushed the unemployment rate down to 5.6 per cent, as “miraculous”. Qantas and Virgin have not only retained workers but are starting to hire new people, while bank chief executives have given upbeat expectations on employment, house prices and the economy with few concerns about financial distress. More than 70,000 jobs were added to the workforce in March – almost three times what was expected by some leading market economi...

May he made a statement nudging the house toward an impeachment inquiry. i would say yesterday he took a few steps back from that and mueller and democrats would have been wise to let that may statement be his last word. i would guess a majority of democrats today agree with that view. >> what do you think, kim, in terms of pelosi's strategy to let this play out in the courts? that could be a while, right? >> it's a non-strategy frankly. if it were to play out in the courts, we would have seen an indictment from mr. mueller. but because of the internal doj guidelines banning that, that's why i...