Mortgage owners are being warned that another rate rise in May looks incredibly likely.
Economists say yesterday’s unexpectedly strong employment gains have done little to cool the economy.
The unemployment rate remains steady at 3.5 per cent – after 53,000 people found work last month – bypassing forecasts of 20,000.
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Interest rates could be cut twice before Christmas for Australian mortgage holders | 7NEWSThe Commonwealth Bank predicts interest rates will be cut twice before Christmas as the cost of living crisis starts to ease. The federal treasurer is warning tough times are still ahead as the global economy remains on the brink of recession. 7NEWS
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Penny Wong suggests wine may be ‘next’ if China’s barley tariff review ‘works’Acting Prime Minister Penny Wong says if Australia and China’s dispute over barley tariffs is settled wine may be the “next” product the country will look at. Her comments come as China agrees to conduct an “expedited review” of their tariffs on barley while Australia will “suspend” their dispute over the high taxes with the World Trade Organisation. “There’s still a way to go – we are seeking to have a pathway to clear that impediment,” Ms Wong told Sky News Australia. “If that works, we will work to apply that to other Australian products – probably the next one I would want to look at is wine.”
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Air traffic controller shortage within US may affect holiday plansTemperatures in the United States are soaring ahead of the summer months as travellers prepare for a warm vacation season, but increased plane fares and a shortage of air traffic controllers may affect holiday plans.
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Sydney’s metro line project may rise by another billion amid cost blowoutsSydney's new metro line has suffered further cost blowouts. The state government has confirmed the City and South-West Metro has ballooned $2 billion above the previous government's initial blowout figure of $18.5 billion. There are fears that final touches to the project could add another billion dollars to the price tag. New documents reveal that locals will be forced onto buses for over a year as the Bankstown Line closes for metro conversion operations.
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Elon Musk may have inadvertently anointed a Twitter successorIf the purpose of banning Substack from Twitter was to force writers to choose platforms, it looks like it’s working.
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Royal family ‘nervous’ around Harry: ‘Anything they say’ may be used against themThe Royal family have been “nervous” around Prince Harry as “anything they say may be used against them” following the Duke’s explosive claims in recent months, says The Daily Mirror Royal Editor Russell Myers. Mr Myers’s comments follow Buckingham Palace’s announcement Harry will be attending the King’s coronation on May 6. “The Royal family were intently nervous about being around Harry,” he told Sky News Australia. “Harry has spoken about the conflicts with his brother and his father himself after the Duke of Edinburgh’s funeral. “There has been this nervousness that anything they do say may be used against them so I think people would be keeping their counsel in trying to not let his presence over seep the magnitude of the event.”
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