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Inflation

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President Donald Trump speaks in the Oval Office of the White House

‘I love the inflation,’ Trump says. Americans beg to differ

The US president can brag as much as he likes about his trade policies and his “successes” against Iran, but US households are being squeezed ever harder by the war and his tariffs.

  • Stephen Bartholomeusz

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Don’t fear the trim. A regular haircut could actually help your hair grow to its full potential.

Inflation is hair-raising for the beauty industry

Call it the coiffure index: As consumers feel the cost-of-living crunch, they’re indulging in an affordable treat. Salon-grade hair treatments used at home are emerging as a key part of the trend.

  • Andrea Felsted
Warsh and US President Donald Trump confer following their speeches.

Will the AI boom lead to lower interest rates?

New US Federal Reserve Chair Kevin Warsh says the productivity gains from artificial intelligence will allow significant cuts in interest rates. More like the opposite.

  • Stephen Bartholomeusz
Reserve Bank governor Michele Bullock says Australia is likely to avoid a recession and does not believe the country is facing stagflation.

RBA boss says economy can weather war and avoid recession

Analysts have raised concerns the country could face a recession and stagflation due to the Iran war. But Michele Bullock is not one of them.

  • Shane Wright
Donald Trump has kicked off his third attempt to build a global tariff wall.

Trump’s third and maybe final attempt to build a global tariff wall

The latest tariff regime that Donald Trump is trying to erect is a transparently cynical attempt to do what US courts have told him he can’t do.

  • Stephen Bartholomeusz
Treasurer Jim Chalmers said the figures were strong compared to other economies.

Rates may hold for rest of year as Australians struggle under rising costs

Private business investment also jumped by 6 per cent in the March quarter, driven by a 30-year-high increase in machinery and equipment, much of which is used to build data centres.

  • Shane Wright
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An increase in the minimum wage could be easily eaten up by higher inflation and higher interest rates.

A minimum wage increase delivers a maximum inflation risk

The Fair Work Commission has just added to the Reserve Bank’s inflation troubles with a large increase in the minimum wage.

  • Shane Wright
While Operation Epic Fury was militarily successful, securing a settlement, peace deal or even just a framework agreement has been less of a triumph.

Trump’s war is starting to strangle the world

The impact of the global energy shock sparked by the war is starting to hit economies. And there is more pain coming.

  • Stephen Bartholomeusz
Rising fuel prices had pushed inflation higher in March.

Inflation retreats from three-year high but other signs are more worrying

But in a sign that price pressures remain embedded in the economy, the closely watched measure of underlying inflation rose slightly to 3.4 per cent.

  • Shane Wright and Brittany Busch
Trump has made things very difficult for his new Fed chair.

Trump has handed his man a poisoned chalice

Donald Trump has finally got what he wanted, with Kevin Warsh taking over as head of the Federal Reserve. But the president’s actions will make it difficult for his hand-picked choice to deliver on his promise.

  • Stephen Bartholomeusz