The RBA’s renewed sense of urgency is important and well-founded. It has finally started to walk the walk, not just talk the talk.
In raising the cash rate to 4.85 per cent on Tuesday, the Reserve Bank did what it was expected to do . It was also what it needed to do.
Although the trimmed mean measure of inflation rose recently to 3.7 per cent – which is already far too high – it’s the prospect of it rising further that is particularly concerning. And here the uptick in headline inflation to 4.3 per cent is instructive.
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AI could increase spending faster than Australia can produce goods and services, potentially making inflation worse, the Reserve Bank has warned.
This week’s indicators: Inflation is disturbing, workers are getting their stolen wages back, and NVIDIA ex-CEO’s alleged affairs become a $465 billion business expense. (Woof!)Fact-checking by Tyler Jones.Your Next Listen –The tower of NVIDIA–Over 2,000 episodes in our archive on the NPR AppConnect with The Indicator from Planet Money–The Indicator newsletter — a weekly roundup of news, ideas and staff picks. –Instagram, TikTok and YouTube –Find the Planet Money book –Find the Planet Money game, Sell Me A Sasquatch, and other merch at the NPR Shop!Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org.
Treasury yields rose as bond markets reopened following Veterans Day.
The CEOs of two of the nation’s largest banks say less government spending will reduce inflationary pressure.
Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy
Wall Street hit the brakes as higher-than-expected inflation looks to have cemented a December rate hike, while the ASX is priced to slide as well. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
