Economy
Growth, inflation, interest rates and central-bank decisions, budgets, trade and tariffs, and what they mean for households and firms.
Latest Economy stories
Trump in 'emergency' mode as leaks reveal scramble to fix dire issue
President Donald Trump is reportedly in "emergency" mode over how to address the spiraling "crisis" that threatens to engulf the economy and his presidency.
If turbocharged petrol prices are driving up inflation, then why are Australia’s unemployed on the line? | Greg Jericho
Avoiding a rise in unemployment is important for the RBA – but apparently not a dealbreakerFollow our Australia news live blog for latest updatesGet our new political email, free app or daily news podcastAnd here we are again. Hello darkness my old friend. Interest rates up again and talk of a recession if needed.The Reserve Bank’s enacting legislation gives it a dual mandate – “price stability [ie stable inflation] and the maintenance of full employment in Australia”. But in reality the RBA see
Inflation is rising, interest rates are going up – and Labor’s economic woes could be One Nation’s gain | Tom McIlroy
Pauline Hanson’s ability to reflect voters’ discontent is unrivalled and the government has few good optionsFollow our Australia news live blog for latest updatesGet our new political email, free app or daily news podcastAfter the defeat of the voice referendum during the Albanese government’s first term, things looked pretty rough for Labor.Labor slumped to some of its worst polling levels and government MPs were in a funk. The Coalition, then led by Peter Dutton, started to imagine the possibi
Gold loses momentum as the initial reaction to softer US PCE inflation fades
Gold (XAU/USD) reverses its earlier gains on Wednesday after briefly climbing above $4,200 in reaction to softer-than-expected US Personal Consumption Expenditures (PCE) inflation data. The initial move fades as the US Dollar (USD) trims its losses and US Treasury yields resume their advance.
Fed’s Preferred Inflation Gauge Points to Continued Price Pressures
The Personal Consumption Expenditures price index showed little sign of easing in August, though revised data showed inflation had been slightly cooler than previously believed.
Interest rate for PPF, SCSS, KVP and NSC for Oct to Dec quarter: Here are details of small savings scheme
The interest rates on small-savings schemes are reviewed by the government every quarter
Bracing for More Inflation Volatility
Consumers, business owners and investors are growing increasingly concerned about rising inflation, and its potential repercussions.
Iran loses grip on Strait of Hormuz as US as Tehran calls on Americans to vote out Trump
Iran's economy remains crippled by sanctions and a U.S. blockade, leaving Tehran with few options now that its control over the Strait of Hormuz has slipped.
Italy's annual inflation up to 4.2% in September due to energy prices
Italy's annual inflation rate climbed to 4.2% in September, up from 3.3% in August, according to preliminary data released by Istat on Wednesday.
Explained: How US Controls Iraq's Oil Revenues
Oil is Iraq's most important revenue source, making up about 90% of the state budget. This gives Washington significant sway over the country's economic and political stability.
Trump’s New Tariffs Face a Familiar Court Challenge
For the third time in less than two years, the Trump administration is set to return to court on Wednesday to defend its power to wage a punishing global trade war.
New CAFE-III fuel-efficiency rules: What changes for EVs, hybrids and small cars
India’s passenger vehicle industry is set for a new fuel-efficiency regime, with the government notifying Corporate Average Fuel Economy (CAFE-III) norms
New Lidl £13 autumn gilet looks similar to Next's £275 version coming out Sunday
Shoppers can get their hands on the new clothing item this weekend, which could be a budget-friendly alternative to other high-street versions
RBI rate hikes ahead? BofA sees 100 bps repo rate increase through H1 2027
The Reserve Bank of India (RBI) could raise interest rates by 100 basis points through the first half of 2027, according to Bank of America (BofA)
Major banks raise interest rates after RBA lifts cash rate to highest since 2011
Australia's big four banks announce interest rate rises after the Reserve Bank of Australia lifted the cash rate to its highest level in more than a decade.
Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas
Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5%Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastInflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need to hike interest rates again before Christmas.The increasingly embattled treasurer was
Forget the inflation blame game – politicians should let the RBA get on with its job | Saul Eslake
The war in the Middle East and ‘excessive’ levels of government spending have contributed to the rebound in inflation and interest rates in AustraliaFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAs universally expected by economists and financial markets, the Reserve Bank of Australia’s monetary policy board on Tuesday lifted its cash rate by 25 basis points to 4.6%, the highest level since October 2011 (at the peak of the mining
No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged
The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.
How Custom Signage Is Becoming Part of the Creator and Small-Business Economy
The creator economy used to feel mostly digital. A camera. A laptop. A phone. A social media account. A Shopify store. A podcast setup. A YouTube channel. A few product photos. A growing audience. The small-business economy felt slightly different, but still familiar. A website. A logo. A few ads. A product range. A service […]
Inflation Figures Ease Pressure on Fed
Inflation is still running hotter than the Federal Reserve wants, but August's numbers landed a bit softer than Wall Street expected. The Commerce Department said the Fed's preferred gauge, the personal consumption expenditures index, rose 3.4% from a year earlier, versus forecasts of 3.7%, with gas prices behind...
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