FEAR & GREED | Business News Afternoon Report | Inflation shock may raise rates
6 snips
Nov 26, 2025 Inflation data surprised analysts, potentially delaying rate cuts and heightening interest rates. A significant IT outage and blackout chaos at Parliament House sparked investigations and drama. Optus faced disruption from deliberate fibre vandalism, raising safety concerns. Meanwhile, NSW revealed payroll overpayments to nearly 500 former employees due to inadequate controls. In more international news, arrests were made in connection to the recent Louvre jewel heist, stirring excitement about the recovery of the stolen treasures.
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Inflation Surprise Shifts Rate Expectations
- Higher-than-expected October CPI at 3.8% likely rules out near-term rate cuts and may push rates up next year.
- Investment banks now forecast the Reserve Bank could increase rates, shifting market expectations and cooling rallies.
Sector Rotation Toward Defense And Minerals
- Defensive sectors like healthcare outperformed while materials led gains driven by lithium on UK stockpiling plans.
- Market movement showed rotation toward perceived safety and critical-minerals exposure amid policy-driven demand signals.
Canberra Negotiations And Chaos
- Michael Thompson describes frantic last-minute negotiations between the government and Greens over environmental law reform in Canberra.
- He also recounts a mystery IT outage and lights going off in the House of Reps that fueled parliamentary chaos today.