A potential peace agreement between Russia and Ukraine would have the same ripple effect as the 1945 Potsdam Conference, which determined the post-World War II order for decades to come, Polish Foreign Minister Radoslaw Sikorski has claimed.
The general consensus of economists is that the Reserve Bank of Australia (RBA) will begin to reduce the official cash rate in the first quarter of 2025. However, financial markets have now fully priced in September for the first interest rate cut, having previously anticipated a rate cut in May before Donald Trump won the
The post Markets begin to price Aussie rate hikes appeared first on MacroBusiness.
Xi Jinping is lost. China wants to know how it can better sell its stimulus policies to foreign investors. The securities regulator is said to have stepped up meetings with global banks to get their view on the country’s efforts to shore up growth. In one such discussion, the regulator sought advice on what it needs to
The post Some free advice for Xi Jinping appeared first on MacroBusiness.
The analogue crypto puke is on. Plenty more where that came from as it takes out support levels. There is nothing unruly here yet. If we are going to match fundamentals, then a big flush is in the offing. Don’t be fooled. For a safe haven, gold can be very volatile when it turns.
The post Gold smashed appeared first on MacroBusiness.
One of the nation’s least-kept secrets is that most international students come to Australia to “study” because of our generous work rights and opportunities for permanent residency. Most international students are more interested in working and living in Australia than in learning. And paying course fees is merely the ‘price of admission’. The student-migration pathway
Washington: A far-right Republican, who was investigated for sex crimes and was also responsible for a leadership coup that paralysed the US Congress for weeks, has been nominated by Donald Trump to be America’s new attorney-general.
From the ABS. In trend terms, in October 2024: unemployment rate remained at 4.1%. participation rate increased to 67.2%. employment increased to 14,541,200. employment to population ratio remained at 64.4%. underemployment rate remained at 6.3%. monthly hours worked increased to 1,971 million. In seasonally adjusted terms, in October 2024: unemployment rate remained at 4.1%. participation rate decreased to 67.1%. employment
Australia’s swarm of former PMs are pests but they are usually harmless. Not so Kevin Rudd, who is turning ANZUS into a circus. As we know, Dr Rudd has been admirably forthright about the flaws of Donald Trump over the years. This came with a certain amount of career risk, which is why it was
The post Rudd overshadows national interest appeared first on MacroBusiness.
3.2% is the six-month annualised wage growth rate. The way markets and the press have responded to this, it might as well be 32%. But 3.2% is low, not high. It is plenty low enough to keep deflating service inflation, even without productivity gains. The secret to this was discovered in the last business cycle
The post Sack Michele Bullhawk appeared first on MacroBusiness.
Data from the Australian Bureau of Statistics (ABS), published in The Australian, shows that 26,100 permanent positions have been added to the federal public service since Labor took office in May 2022. The annual public sector wages bill has risen from $32.5 billion in June 2022 to more than $37 billion, and the federal public
US President-elect Donald Trump has chosen former Congresswoman Tulsi Gabbard to be the next director of national intelligence. A former Democrat, Gabbard joined the Republican Party in 2024 and endorsed Trump for president.