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consumer prices

Sneaky way Aussies are securing home loans

More and more Aussies are lying on their home loan applications, as cost-of-living pressures continue to bite, according to one financial tech company.Fortiro works with big banks and lenders to detect fraudulent documents.Co-founder Sean…

ASX reaches eight week high

The Australian sharemarket surged on Wednesday after fresh US inflation figures buoyed Wall St as traders’ fears of further rate hikes eased.The S&P/ASX 200 index climbed 99.2 points, or 1.4 per cent, to reach 7105.9, its highest level…

‘Close call’: Aussies brace for RBA decision

The Reserve Bank is tipped to keep rates on hold for the second month in a row after inflation data last week came in below forecasts.Most economists and financial markets are predicting the official cash rate will stay at 3.6 per cent when…

Fears and risk of Aussie recession is rising

There are fears that the risk of Australia falling into recession has risen with early signs pointing to potential financial doom for the country as the strain of soaring inflation and cost of living pressures show no signs of easing.While…

US Economy Showed Solid Growth at End of 2022

Washington —  The U.S. economy cooled only slightly at the end of last year, advancing at an annualized 2.9% rate, the Department of Commerce reported Thursday, even as forecasters are suggesting a recession is possible later in 2023. The…

Surprise prediction for energy prices

Wholesale electricity prices are forecast to drop “significantly” in the eastern states through 2023. New Treasury analysis reveals that the eastern states can expect a drop in wholesale prices of between 29 and 44 per cent. The largest…