The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
While young voters say they would be more likely to vote for Biden after they learn more about the economy and other topics, they did not appear affected by Donald Trump’s norm-defying behavior.
The Conversation’s expert 00panel expects inflation to continue to fall, but more gradually, and it expects the RBA to be slow in responding. Unemployment should climb and economic growth weaken.
In our first podcast of 2024, Shadow Treasurer Angus Taylor discusses the tax broken promise, where the economy is heading, falling inflation, and more.
The central bank is ‘really in risk management mode,’ its chairman said.
On one measure the latest inflation rate is just 3.4%, within spitting distance of the Reserve Bank’s 2–3% target.
Supermarket pricing is a big story but let’s forget the media coverage, the politician sound bytes and the corporate PR for a moment. What are ordinary Australians saying about supermarket pricing?
We should not be afraid of inflation being higher than 2%.
Two important inflation indicators are trending in different directions. What gives?
AI is tireless, knows more about the big companies than we do, and will relentlessly pursue our interests.
Small adjustments can make a significant difference.
Market expectations for rate cuts sooner rather than later have been dashed but some economies remain in danger of recession.
A major concern is whether the recent attacks In Sierra Leone will encourage further division and tension in the country.
With the current affordability crisis and tip inflation, many Canadians can’t afford to tip extra this holiday season.
Per person, we’re spending less this year – even on this year’s much hyped Black Friday sales. If that continues over summer and inflation stays low, a rate hike in February 2024 looks unlikely.
The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.
Average prices fell in October, driven down by dives in the price of petrol and overseas travel, and an increase in Commonwealth Rent assistance.
The food theft crisis is framed as a threat to paying customers. This furthers the divide between those who can still afford groceries and those who cannot.
National insurance cuts and business investment were all included, as was the pensions triple lock. But our experts saw some omissions.
Australian financial markets are now pointing to a close to zero chance of further rate rises – with a fair chance of a rate cut next year. That’s thanks to the latest news from the US and UK.