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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.