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Showing 321 - 330 of 9298 results for "economics"

Inflation eases in July

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The monthly Consumer Price Index (CPI) indicator rose 3.5% in the 12 months to July, down from 3.8% in June, according to the latest data from the Australian Bureau of Statistics (ABS). The most significant contributors to the annual rise were housing ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... introduced forward guidance since the August board meeting, and Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird says this guidance is "at odds" with the central bank's communication strategy. "The RBA's recent use of forward ...

Short-termism damaging Australian economy: CEDA

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
Australia must move beyond pervasive short-termism and lift its policy ambitions if the nation is to reach its economic potential, according to the Committee for Economic Development of Australia (CEDA). "Our record of almost three decades of economic ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
US Federal Reserve chair Jerome Powell has declared that inflation is on a sustainable path back to the 2% target and the "time has come" to start cutting interest rates. Powell spoke to global central bankers, policymakers, economists, and academics ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
Zenith Investment Partners head of asset allocation Damien Hennessy said the looming risk of a recession in the United States has spurred some investment changes. Hennessey said the weaker-than-expected July jobs report in the US raised concerns of ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... has remained steadfast in its call that the RBA will deliver a rate cut in November this year. CBA head of Australians economics Gareth Aird noted that the RBA has been more hawkish than the bank expected but said a cut this year was still on the cards. ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Australians' pay packets grew by 0.7% in the June quarter, the latest Australian Bureau of Statistics (ABS) shows, down 0.9% from the prior quarter. Annually, the rate of growth for wages in the private sector was 4.1%, down from three consecutive ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... on average over time. As such, total household savings are almost always on an upward trend," CBA head of Australian economics Gareth Aird said. However, Aird said Australians have been drawing down on their savings since late 2022 due to increased mortgage ...

Trump victory will jostle trade war, interest rates: Morningstar

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
The potential re-election of Donald Trump will likely jostle inflation and interest rates, and stoke further trade wars with China, according to Morningstar. If Trump wins in November, Morningstar director of equity research for Australia and New Zealand ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
A new study from global consulting firm Kearney revealed the number of zombie companies in Australia increased 13.6% in the past year. Zombie companies - those which don't produce enough profits to cover debt obligations - now account for 5.8% of ...