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Terry Smart, CEO of JB Hi-Fi, says in a tougher retail trading environment, strong retail execution is vital.

JB Hi-Fi first-quarter sales fall; Good Guys tumbles

The retailer is well positioned in a tougher trading environment, CEO Terry Smart told investors at the AGM .

  • Carrie LaFrenz and Simon Evans
Coles Group CEO Leah Weckert says shoppers are seeking out value.

Higher shelf prices underpin 3.6pc Coles first quarter sales increase

But the supermarket giant said that price growth persisted, even as it moderated in fresh foods, meat and in baked goods.

  • Carrie LaFrenz


RBA governor Michele Bullock.

RBA must show independence on material inflation risk

The Treasurer’s pre-emptive insistence makes it even more important that the new governor and her board actively demonstrate the central bank’s political independence.

  • The AFR View
October 3, 2023

Albanese fears RBA rate rise fallout - with good reason

The Albanese government knows if rates move again, as now seems inevitable, it’s going to get whacked, regardless of the cause.

  • Phillip Coorey
Growth in international student visa applications has begun to slow for the first time in over a year.

Overseas student boom shows signs of slowing

There are very early indications that the seemingly unstoppable growth in international students might be tapering off.

  • Julie Hare

At this salon, services inflation is proving hard to trim

The average price of hairdressing and personal grooming services increased by 6.7 per cent last year. At one Sydney salon, it means a shampoo, cut and blow dry will cost $200 from next week.

  • Ronald Mizen
Brad Banducci says mortgage holders are under pressure, but the pain is spreading to renters, too.

What 680,000 toy cars tell you about interest rate pain

Woolworths CEO Brad Banducci says mortgagees and renters are hurting. But Wednesday’s inflation surprise leaves the RBA facing the prospect of lifting rates several times.  

  • Updated
  • James Thomson
Australians are facing an economic environment of rapidly rising interest rates.

Markets lock in pre-Christmas rate rise

Bond traders are certain of a cash rate increase by Christmas, implying a 50 per cent chance of a follow-up move.

  • Cecile Lefort
Jim Chalmers.

Chalmers resists RBA rates risks

Treasurer Jim Chalmers has resisted predictions from economists that strong inflation data will force the RBA to raise the cash rate up to two more times.

  • Updated
  • Michael Read
Woolworths Group CEO Brad Banducci said average prices in the first quarter increased 2 per cent due to deflation in fruit & vegetables and meat.

Woolworths backs Endeavour board, posts 5.3pc rise in Q1 sales

The nation’s largest grocer says falling prices in fresh fruit and vegetables and meat is because of input costs finally receding.

  • Updated
  • Carrie LaFrenz
RBA governor Michele Bullock on Tuesday night.

‘Assertive’ and ‘transparent’: Economists applaud Bullock’s speech

Economists witnessed Reserve Bank governor Michele Bullock’s inflation fighting credentials first-hand on Tuesday night in her maiden speech in the top job.

  • Joanne Tran
RBA governor Michele Bullock will consider an interest rate rise on November 7.

Inflation boosts chances of Cup Day interest rate rise

The jump in underlying inflation will be extremely hard for Michele Bullock to ignore as she tries to shore up the RBA’s credibility.

  • John Kehoe

This Month

RBA governor Michele Bullock on Tuesday night.

Renters better off than in 2021: RBA’s Bullock

Strong income growth has shielded households without a mortgage from the worst of the cost-of-living crunch, the bank’s new governor says in her first speech.

  • Michael Read and John Kehoe
RBA governor Michele Bullock made her maiden speech as governor in Sydney on Tuesday night.

Bullock squares up for inflation fight in first speech

It took only two minutes for Michele Bullock to refer back to Philip Lowe’s warning about high inflation. She is staying the course.

  • Anthony Macdonald
Westpac’s economic team, now led by Luci Ellis, expects the Reserve Bank will keep rates on hold until next June.

The next RBA rate move will be down, says Westpac

The next move in interest rates will be down, says the bank’s economics team, which is now led by a highly regarded former Reserve Bank assistant governor.

  • Karen Maley
Scott Hutchinson.

Hutchinson Builders reports a ‘rubbish’ 80pc slump in profit

The pressures on construction contractors are acute in a regional market such as south-east Queensland, where they continue to compete for limited resources.

  • Michael Bleby
Federal Reserve chairman Jerome Powell says there may still be tightening in the pipeline.

Cloudy economic outlook causes chaos in safe haven bonds

Ten-year US Treasury yields breached 5 per cent again before crashing, as investors reposition bets amid a muddied economic picture.

  • Cecile Lefort
Ali Dibadj says rocky markets should be “nirvana” for an active manager.

Janus Henderson CEO’s three planks for risky markets

Ali Dibadj says uncertain markets are “nirvana” for the global asset manager, which is in the midst of a turnaround.

  • Updated
  • James Thomson
The RBA will scrutinise inflation data on Wednesday.

ASX to fall, weak $A worsens oil pain, rate hike fears

Australian shares are poised to fall 0.9 per cent at the return to trading on Monday, after suffering their worst week in four weeks amid the MidEast conflict.

  • Updated
  • Cecile Lefort and Ronald Mizen
A sharp rise in the number of unemployed Gen Zers show the jobs market is softening, presenting a challenge for the RBA as it assesses the need for a rate rise.

Gen Z the ‘canary in the coal mine’ on job losses

A sharp rise in the number of unemployed Gen Zers show the jobs market is softening, presenting a challenge for the RBA as it assesses the need for another interest rate rise.

  • Michael Read