FEAR & GREED | Business News Jobs surge dashes rate cut; Libs finally dump net zero; house sold for just $1
Nov 13, 2025
A surprising jobs surge drops unemployment to 4.3%, putting rate cuts on hold. The Liberal Party makes waves by abandoning its net zero commitment. A Sydney fortune teller and her daughter face serious fraud charges over a $70 million scheme. In a bizarre twist, a house in northern NSW sells for just $1. Plus, the US mints its last penny, sparking discussions about rounding in retail. Tune in for insights on the market's reaction to these developments and more!
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Jobs Surge Undermines Rate Cut Odds
- A surprise jobs surge cut market expectations for future rate cuts and tightened monetary outlook.
- The stronger labour market makes it harder for the Reserve Bank to justify lower interest rates soon.
Markets Rapidly Repriced Rate Expectations
- Financial markets quickly repriced the chance of a rate cut from around 60–70% to about 30% after the data.
- Equities fell and the Aussie dollar jumped as investors adjusted to a higher-rate outlook.
Liberals Drop Net Zero Commitment
- The Liberal Party officially abandoned its long-term net zero commitment while staying in the Paris Agreement.
- They will set interim targets but will not legislate a 2050 net zero aspiration.