News
Surprise unemployment jump eases interest rate fears - News | In Daily, Inside Queensland
4+ day, 11+ hour ago (446+ words) Australia's unemployment rate has jumped to 4. 5 per cent, surprising economists and adding to the case for the Reserve Bank to keep interest rates on hold. About 19, 000 jobs dropped out of the economy in April, the Australian Bureau of Statistics reported…...
Budget papers reveal lasting impacts of Middle East war - News | In Daily, Inside Queensland
1+ week, 6+ day ago (1176+ words) Lingering conflict in the Middle East could cause Australia's economy to briefly contract and unemployment to spike to pre-pandemic levels, Treasury warns in the nation's fiscal blueprint. While Treasurer Jim Chalmers said Australia was well placed to weather headwinds blowing…...
Queensland first home buyers are giving up too soon " and it's costing them years - News | In Daily, Inside Queensland
2+ week, 5+ day ago (917+ words) For many aspiring homeowners across Queensland, the dream of buying a first property is stalling before it even begins. Not because they can't afford to buy " but because they think they can't. A growing gap has emerged between what first…...
Rising costs are pushing Australian home builders to the brink - News | In Daily, Inside Queensland
1+ mon, 3+ week ago (931+ words) For Australia's building industry, higher fuel costs since the start of the Middle East war have been just the start of the pain. Countless construction products are made with petroleum-based products. From bitumen for our roads to plastic pipes, prices…...
Rate decision as oil spike fuels inflation fears - News | In Daily, Inside Queensland
2+ mon, 1+ week ago (801+ words) The Reserve Bank of Australia has hiked interest rates for the second month in a row as war in the Middle East compounds inflation concerns. In a split five-four decision on Tuesday, the central bank's monetary policy board lifted the…...
If RBA followed the evidence, it would hold rates. It probably won't - News | In Daily, Inside Queensland
2+ mon, 1+ week ago (865+ words) The Reserve Bank meets this week to decide if it will lift, cut or hold interest rates. The markets are predicting a rise. Given the surging price of fuel due to the war in the Middle East, will the RBA…...
Australian shares edge lower on thin order books
4+ mon, 3+ week ago (614+ words) The local bourse is creeping lower on the third last trading day of the year, with weak trading volumes offering precious little volatility. The S&P/ASX200 eased 15 points by midday, down 0. 17 per cent, to 8, 747. 7, as the broader All Ordinaries lost…...