Tag: surprise
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Job figures ‘good shock’ regardless of rate of interest fears
Dwell Treasurer Jim Chalmers has described the newest jobs figures as a “good shock” regardless of fears low unemployment might gasoline additional rate of interest hikes. The unemployment price held regular at 3.5 per cent in June after the Might end result was revised down. Incoming Reserve Financial institution governor Michele Bullock has indicated unemployment…
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Inflation shock as fee of progress slows for Might
Reside Inflation has are available in softer than anticipated and sunk again to five.6 per cent in Might from 6.8 per cent in April. Markets had been anticipating the month-to-month client value index to reasonable to six.1 per cent over the month after a larger-than-anticipated uptick in April. “This month’s annual enhance of 5.6 per…
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FOMO linked to shock rebound in property costs
A concern of lacking out (FOMO) is boosting costs for housing, with nationwide values rebounding 1.2 per cent over Could. CoreLogic’s residence worth index recorded the strongest progress final month since November 2021, with Sydney, Brisbane and Perth main the way in which, figures printed on Thursday reveal. The rebound, which began in March and…
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Ache at petrol pump drives shock soar in inflation
Reside Greater petrol costs have pushed a shock soar in month-to-month inflation, as RBA governor Philip Lowe flagged extra ache for tens of millions of Australians from spiralling rents. Dr Lowe outlined dangers to the central financial institution’s job of returning inflation to focus on because the month-to-month shopper value index got here in at…