Topic
australian-economy
2 stories related to this topic, newest first.
Gppande / Wikimedia (CC BY-SA 3.0)politics1 day agoDeveloping
Reserve 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…
US Federal Reserve / Wikimedia (Public domain)finance6 days ago
Fed Officials See Rate Hike as Likely as Cut While Australians Support 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…
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