FEAR & GREED | Business News
Inflation drop sparks rate hopes; AusSuper dumps WiseTech; Vance invites himself to Greenland
Mar 26, 2025
Inflation rates in Australia have dropped, igniting hopes for future interest rate cuts. Meanwhile, Australia’s largest super fund has severed ties with WiseTech Global due to governance concerns. Political tensions rise as the government pushes tax cuts amidst upcoming elections. In a twist, US Vice President JD Vance controversially invites himself to Greenland, where locals have mixed feelings. Lastly, market responses are buoyed by positive inflation data, while a local retailer faces administration challenges.
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Quick takeaways
- Australia's underlying inflation has decreased to 2.7%, raising hopes for potential interest rate cuts amidst economic challenges.
- Australian Super's divestment from WiseTech Global highlights the increasing importance of corporate governance in investment decisions.
Deep dives
Inflation Rates and Interest Rate Expectations
Underlying inflation in Australia has decreased to 2.7%, its lowest since late 2021, primarily due to reduced price pressures in the housing market. Rent growth has slowed significantly as rental vacancy rates have risen, leading to a decrease in the cost of building new homes as well. The Reserve Bank is closely monitoring these trends, as the headline inflation rate stands at 2.4% and has remained within its preferred target band of 2% to 3% for the last seven months. Discussions surrounding potential interest rate cuts are ongoing, with some economists advocating for a reduction given the weak economy and downward inflation trend.
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