Sky News Business Editor Ross Greenwood says the current standoff between Republicans and Democrats over the US debt ceiling is “adding to the nerves” of worldwide financial markets.
Mr Greenwood sat down with the Australian’s Washington correspondent Adam Creighton to
discuss the global implications of the United States’ $31.4 trillion dollar debt ceiling.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five interest rate cuts by end of next year, expert predictsCBA’s Head of Australian Economics Gareth Aird is forecasting five cuts in interest rates, bringing the cash rate down 125 basis points, by the end of next year. “These rate hikes, rate cuts move in cycles,” Mr Aird told Sky News Business Editor Ross Greenwood. “Once we get an easing cycle it won’t be just one interest rate cut, it’ll be several.”
Read more »
Strong immigration will relieve pressures of wages growth, says expertThe large influx of migrants set to enter Australia over the next few years should relieve economic pressure on wage growth, according to CBA’s Head of Australian Economics Gareth Aird. “Strong immigration will put downward pressure on wages growth and in turn, we think will end up with a rate of inflation which is consistent with the target,” Mr Aird told Sky News Business Editor Ross Greenwood. “It’s probably worth keeping in mind, pre-pandemic that we had strong immigration, we had wages growth that was actually too low and we had a problem of inflation not high enough.”
Read more »
Coalition must ensure no further anti-business bells and whistles added to energy dealSky News host Peta Credlin says it would be the worst of all possible worlds if Labor and the Greens funded their spending spree by levying more taxes on the resources sector which is the main source of Australia’s export income. The Opposition are considering if they present Labor with an alternative deal in order to avoid co-operation with the Greens. “If the Coalition says yes on the basis that it is going to make a bad bill less bad – well then Greens then become irrelevant,” Ms Credlin said. “The Coalition should step in and support the tax increases while ensuring no further anti-business bells and whistles get added.”
Read more »
Albanese owes Australians an ‘apology’ for power pricesAnthony Albanese owes Australians an “apology” as the Prime Minister promised power prices would be reduced by $275 during his election campaign, says Nine News Queensland Journalist Peter Fegan. “He’s essentially lied to us all,” Mr Fegan told Sky News host Erin Molan. “We have been told that we were going to save money, and then all of a sudden in an energy rich country – we’re paying more on power than most places in the world.”
Read more »