FEAR & GREED | Business News Inflation drop sparks rate hopes; AusSuper dumps WiseTech; Vance invites himself to Greenland
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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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Inflation and Rate Cut Hopes
- Underlying inflation fell to its lowest since late 2021, sparking rate cut hopes.
- Price pressures are easing in the housing market, a key factor influencing the Reserve Bank's decisions.
Inflation Breakdown
- The underlying inflation rate (excluding volatile items) reached 2.7%, while the headline rate was 2.4% in February.
- Slower rent growth and new home building costs contributed to this decrease.
AustralianSuper Dumps WiseTech
- Australia's largest super fund, AustralianSuper, sold its WiseTech Global stock due to governance concerns.
- This action demonstrates the importance of governance for long-term value creation.