(Bloomberg) -- Australian Prime Minister Anthony Albanese faces a bumpy road to reelection with sticky inflation pushing back the timetable for interest-rate...
-- Australian Prime Minister Anthony Albanese faces a bumpy road to reelection with sticky inflation pushing back the timetable for interest-rate relief, raising the prospect of further financial stress for households about a year from the next ballot.Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading
The RBA raised rates 13 times between May 2022 and November 2023 to try to get control over inflation. Unlike the US, most households in Australia have floating-rate mortgages, meaning rate hikes flow quickly through to monthly repayments. Governor Michele Bullock recently highlighted that this makes RBA policy tightening much more potent.
Albanese currently holds power only by a couple of seats in Australia’s 151-member lower house of parliament and if an election was held today, Labor may be forced into minority government, relying on independent lawmakers and smaller parties to maintain its grip. US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report saysAFPAlthough Colin Jost is no stranger to solo stand-up comedy, most of America recognizes him best as part of a duo. He’s famous for being the straight-edged “Weekend Update” co-anchor on Saturday Night Live, working alongside the much raunchier, more dangerous Michael Che. How would Jost fare on his own? The answer, it turns out, is perfectly fine.
Calmes: That scowl. The gag order. Frightened jurors. Who's on trial, a former president or a mob boss?
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