3+ hour, 16+ min ago   (1678+ words) Yesterday, Reserve Bank Governor (RBA) Michele Bullock spoke at an Australian Business Economists’ event supporting the ANIKA Foundation, which funds research into the prevention of youth suicide. I had the privilege of hosting the event. During her remarks, Bullock noted…...

6+ day, 14+ hour ago   (1675+ words) The resilience of the Australian labour market remains a striking feature of the economy. The unemployment rate held steady at 4.4% in June and employment rose by 76.3k, the largest monthly increase in 14 months. The gain was driven by a sharp lift…...

4+ week, 13+ hour ago   (1667+ words) As I was writing this note, I received yet another unsolicited call from a real estate agent pitching their services. It was one of several this week. The increase in calls reflects a housing market that is losing momentum. Dwelling…...

1+ mon, 4+ day ago   (1671+ words) Headline inflation fell 0.7% in May with the annual rate easing to 4.0%. This decline was largely driven by an 11.9% fall in automotive fuel prices, reflecting lower global crude prices over the month. While Brent crude and urea prices have fallen materially…...

2+ mon, 2+ week ago   (1703+ words) Big and bold, but is it beautiful? Budget at a glance: The Budget has been framed around improving intergenerational fairness. The government contends it’s better aligning the tax system, supporting first-home buyers and helping younger Australians over time. Business-wise, the…...

6+ mon, 1+ day ago   (1681+ words) Inflation now joins employment in signalling an economy that is running hotter than policymakers expected. A rate hike next week is now the most probable outcome. It also prompts us to revise our 2026 outlook. We had one rate rise in…...