FEAR & GREED | Business News Rate cuts still on agenda; high profile Libs demoted; North West Shelf gas gets green light
May 28, 2025
The discussion reveals that inflation remains stable, paving the way for potential interest rate cuts. Political shifts within the Liberal Party see prominent figures demoted. Labor celebrates gaining Senate control, allowing for easier legislation passage. Meanwhile, Woodside’s gas project receives a long-term green light. Myer aims to attract younger shoppers with an enhanced loyalty program. On a different note, SpaceX’s latest test flight ends in yet another explosive setback, raising questions about future ventures.
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Inflation within Target Enables Rate Cut
- Inflation remains within the Reserve Bank's target band, enabling the possibility of another interest rate cut soon.
- Economists await the broader quarterly CPI before confirming the timing of the next rate change.
Housing Inflation Cooling Off
- Housing inflation has slowed to its lowest pace since February 2023, easing pressure on the housing market.
- An increase in rental vacancy rates and lower building costs contributed to this cooling trend.
Coalition Shadow Cabinet Shakeup
- The Federal Coalition reunited with a reshuffled shadow cabinet, demoting high-profile MPs Angus Taylor and Jane Hume.
- Leadership dynamics and election campaign performance influenced these role changes.
