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EXPLAINED: 3 - The Real Truth

AAP Rolling News Bulletin June 1, 1730

AAP Rolling News Bulletin for June 1 at 1730

AAP

AAP Rolling News Bulletin June 1, 1700

AAP Rolling News Bulletin for June 1 at 1700

AAP

AAP Rolling News Bulletin June 1, 1630

AAP Rolling News Bulletin for June 1 at 1630

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

FED:Home price falls may signal end of housing super cycle

Rising interest rates, poor affordability, budget tax changes and a political shift towards lower migration could spell the end of a 30-year housing upswing.

AAP

Resilient forgotten generation is coping, not thriving

Generation X, which sits between Baby Boomers and Millennials, are the subject of a new Australian study into how they feel about their financial future.

AAP

How Labor’s budget hit the brakes on Australia’s housing market

Economists believe home values are set for their first national slump since 2022, though Australia’s persistent housing shortage means any fall would be short term

The Guardian - AU

Unions ramp up minimum wage rise demands as costs soar

Low-paid workers should not go backwards because of Donald Trump's war, the peak union body says, as it calls for minimum wages to be raised to $26.45 an hour.

AAP

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'Spendthrift' sandgropers trigger GST allowance critics

The scale of cash handouts in the Western Australian budget has infuriated some economists, who argue they are provocatively inflationary.

AAP

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggest

The Guardian - AU

Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

AAP

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Experts say US market ‘may have run ahead of itself’ while ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel imports

The Guardian - AU

Australia last rationed fuel in the 1970s. Could we do it again?

As oil prices skyrocket, analysts believe the disruption to the global supply will last months, not weeks. So what other options are there?

The Guardian - AU

‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to 4.1%, back to where it was in February last year

The Guardian - AU

Oil shock further reason for tax reform, spending cuts

An economic downturn might be needed to bring inflation back to target, economists warn, but the government can help with spending cuts and productivity reform.

AAP

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AAP

Interest rate hike 'no slam dunk' amid Iran uncertainty

Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.

The Guardian - AU

Investors are expecting Donald Trump to back down in the war with Iran – but what if he doesn’t?

Global markets have become inured to the US president’s posturing over the past year, but economists warn they may be ‘a little bit complacent’ in anticipating a short conflict in the Middle East

AAP

Banks, miners the winners of a resilient earning season

After three years of declining profits, Australian corporations as a whole returned to growth this reporting season, led by banks including CBA and NAB.

AAP

No pain at the pump: petrol companies warned on gouging

Petrol stations will be closely watched for signs of price gouging after military tensions exploded in the Middle East.

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The Guardian - AU

Did you buy a coffee machine with a tax refund? It may have affected Australia’s interest rate

Policymakers didn’t think people had the financial capacity to purchase ‘durable’ goods – but a rise in spending contributed to inflation

AAP

Greens hold door open to capital gains tax reforms

Support from the Greens could hold the key to opening the door to capital gains tax changes as the government ponders reforms the opposition says it won't back.

AAP

Why some economists go against the flow on RBA rate bet

The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.

AAP

Row over government role fuelling inflation, rate rise

Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.

The Guardian - AU

The Australian dollar is (oddly) rising – what does ‘sell America’ sentiment have to do with it?

So much for the ‘Trump trade’ – investors are moving money out of US assets amid tariff disputes, attacks on the Federal Reserve and concerns over government debt levels

AAP

Healthy jobs market spells rate pain for borrowers

Upcoming inflation data will be make or break for a Reserve Bank rate hike decision following stronger than expected jobs figures, economists say.

The Guardian - AU

A stooge in the US Fed could blow out inflation in Australia – but Trump is unlikely to get his way

Global consequences likely to be severe if the president is able to take control of US central bank

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