Today
Rising rates won’t hit home building in WA or Victoria, ABN Group says
Perth’s undersupply of housing relative to demand is so great that prices will keep rising “substantially”, the country’s second-largest home builder says.
- Michael Bleby
Rising listings, poor affordability slash house price growth
The rate fell by a third to 1.9 per cent across the combined capital cities during the September quarter, a new report from Domain shows.
- Nila Sweeney
Yesterday
- Opinion
- The AFR View
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
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
- Opinion
- Chanticleer
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
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
- Updated
- Inflation
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
‘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
- Opinion
- Inflation
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
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
- Opinion
- Chanticleer
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
- Opinion
- Monetary policy
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
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
- Opinion
- Chanticleer
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
Sydney, Brisbane, Perth house prices to rise 12pc this year
The rosier prediction comes as expectations for a wider housing market recovery over the next few years strengthen.
- Updated
- Nila Sweeney
- Opinion
- Chanticleer
How Bill Ackman set off a wild night on markets
The legendary Wall Street hedge fund billionaire announced that he had covered his short in a night of bond market turbulence where the 10-year Treasury yield hit 5 per cent before plunging.
- James Thomson
Where to find the cheapest properties to rent near the CBDs
These are the suburbs where tenants can still rent a house for under $500 a week and units for less than $400.
- Nila Sweeney
- Opinion
- Federal Reserve
The Fed pivot that turbulent Treasuries need
At a minimum, US policymakers need to shift from backward-looking data to combining data dependency with a clearly articulated economic vision.
- Mohamed El-Erian
- Opinion
- Chanticleer
Why boring is beautiful amid private equity’s ‘exit crunch’
Surging interest rates are a threat to private equity returns, but the boss of this $16 billion giant says there are pockets of safety to be found.
- Updated
- James Thomson
Bank of America pushes US rate rise to December
Hedging their call for another interest rate increase, economists at the bank said they see “meaningful risks that the Fed” could be done altogether.
- Timothy Moore
