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Showing 61 - 70 of 824 results for "Labour market"

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... insufficiently good progress in reducing inflation to justify a rate cut this early - absent a more notable weakening in the labour market." HSBC chief economist Paul Bloxham has taken an even more bearish view - predicting the first interest rate cut ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... stubbornly high at 3.5%. "The Australian economy continues to demonstrate resilience, characterised by a robust labour market, low unemployment, and persistent wage inflation. Additionally, retail sales growth has accelerated, and the full impact of ...

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN  |  FRIDAY, 18 OCT 2024
... acknowledge that the board will feel less compelled to start the process of normalising the cash rate whilst the labour market data remains robust," he said. Meanwhile, Treasurer Jim Chalmers said the fight against inflation is not over. "I don't pretend ...

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... Jarvis said. IG market analyst Tony Sycamore said despite the unemployment rate holding steady, the data shows the labour market is strong. "The Australian labour market's remarkable run of strength has extended into September, continuing to defy ...

RBA feels 'not enough has changed'

ELIZA BAVIN  |  TUESDAY, 8 OCT 2024
... meeting to alter their assessment that the current level of the cash rate best balanced the risks to inflation and the labour market," the minutes said. "They therefore agreed that it was appropriate to leave the cash rate target unchanged at this meeting." ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... cuts," State Street Global Advisors APAC economist Krishna Bhimavarapu said. "The focus from here will remain on the labour market, so unless there is an upside surprise in the unemployment rate on October 17, there is little chance for an RBA pivot. ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
... rates. "The improbable circumstance of a rate reduction this year would seem to hinge on a rapid deterioration in the labour market," Miller said. "The RBA too has a dual mandate but at this stage is faced with relatively "stickier" inflation and arguably ...

Federal Reserve kicks off easing cycle

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... the decision to take the more aggressive approach "reflects a view that the inflation risks have diminished while labour market conditions are at some risk of deterioration." "The increasing focus on the labour market side of the Fed's dual mandate comes ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... unfolding. AMP deputy chief economist Diana Mousina said some people believe the Fed is behind the curve and that the labour market will weaken further. They posit that a 50-basis point rate cut now could prevent the need for a larger cut right before ...