The Reserve Bank of Australia’s (RBA) preferred inflation measure, trimmed mean inflation, rose from 3.6% to 3.7% in the September quarter, exceeding the RBA’s forecast of 3.5%. With trimmed mean ...
In the rates that stopped the nation, the Reserve Bank of Australia (RBA) today raised the official cash rate (OCR) to an 18-year high of 4.85%. The decision was widely anticipated by economists and ...
Iron ore has been holding for a few days, but the free fall in HRC is a bad omen. My freight-adjusted CFR estimate is hovering around $83. Simandou is going berserk. In mid-October, it shipped a ...
War headlines today. Talks progressing. Iran and US both remove red lines. Israel election still uncertain. Brent and diesel cracks fell sharply. LNG fell as well. The latest oil shipment numbers have ...
The recent federal budget changes to negative gearing and capital gains tax have sharply reduced investor credit growth. The Reserve Bank of Australia’s (RBA) September credit aggregates data reported ...
Major banks CBA, NAB and HSBC have downgraded their outlooks for the Australian economy amid rising interest rates and inflation, along with falling housing prices and turnover. CBA forecasts another ...
Global diesel prices are tracking at record highs in real, inflation-adjusted terms as conflicts in the Middle East and Russia continue to disrupt refinery operations and export routes. The wars have ...
Toward the start of each month, Cotality makes revisions to its housing price index, adjusting it for the developments not previously captured in its data. As the charts below of past revisions in ...
The Australian Public Service has expanded by about 25% since the Albanese government took office in June 2022. The budget papers show that staffing costs are expected to be $19.6 billion higher over ...
Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of Australia’s and the world’s most ambitious renewable energy goals, designed to ...
On Tuesday (Wednesday Australian time), the American people will go to the polls for one of the most consequential midterm elections in living memory, as President Donald Trump’s Republican Party ...
Gold broke through $4000 support Friday night. This is starting to look ugly. CFTC is still long. Robots have sold more. I am still cautious, but nibbling here makes short-term sense. The major issue ...