Donald Trump is wrecking shareholder wealth with his wild attacks on his own appointees and an increasingly aggressive trade war with China.
While RBA governor Philip Lowe told politicians of an economic 'turning point', the bank's Statement of Monetary Policy revealed a stagnating economy.
Good morning, early birds. RBA governor Philip Lowe will face questions over the bank's monetary policy, and One Nation's Mark Latham releases an 'information pack' on trans students. It's the news you need to know, with Chris Woods.
Good morning, early birds. Scott Morrison has nixed the prospect of a constitutionally enshrined Indigenous voice to parliament, and RBA governor Philip Lowe has changed his tune on the pressing need for fiscal stimulus. It's the news you need to know, with Rachel Withers.
Australia's new normal is low growth, low interest rates, low inflation and low productivity. The government needs to act before low employment joins the list.
The Reserve Bank knows that wages aren't growing, but doesn't know why, and doesn't know what level of unemployment is needed to get them growing.
As expected, the Reserve Bank has cut interest rates to a new record low.
You say seasonally adjusted, I say trend — which jobs data is right? The RBA has decided neither of them show the falling unemployment it needs to forestall a rate cut.
The RBA has taken the remarkable step of flagging that it will cut interest rates out of concern for unemployment, the government's high tax burden and persistent low household income growth.