Australian economy
5 stories related to this topic, newest first.
The Sydney Morning HeraldAustralian Federal Government Gross Debt Nears $1 Trillion
The federal government's gross debt is projected to reach $1 trillion in the coming months. Bond markets have shown limited reaction to the milestone, while net debt remains near pre-pandemic levels as a share of GDP.
Australian Markets Open Lower After U.S. Stock Declines
ASX 200 futures point to a 0.4 percent drop on Monday. Both major U.S. indexes fell from record highs in their most recent sessions.
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investopedia.comWall Street Indices Hit New Record Highs
The S&P 500 and Nasdaq closed at new record highs on May 5, 2026, after renewed hopes for peace and heavy AI stock buying. Global oil prices tumbled more than 6 percent while European and Australian markets also advanced. ABC business reporter Stephen Letts is covering the day's…
pakistantoday.com.pkReserve Bank of Australia Adjusts Forecasts Due to Oil Price Volatility from U.S.-Iran Conflict
The Reserve Bank of Australia raised interest rates amid economic pressures from the U.S.-Iran war, which has increased oil and other commodity prices. The bank outlined three scenarios for the economy, all projecting slowdowns based on varying oil price levels. Governor Michele…
Substrate placeholder — needs reviewFed Officials See Rate Hike as Likely as Cut; Australians Back Gas Export Tax
Federal Reserve Chair Jerome Powell noted an increase in officials viewing a rate hike as equally likely as a cut this year. Separately, a majority of Australians favor taxing gas export profits and extending the fuel excise cut amid rising energy costs. The poll reflects a shift…