FEAR & GREED | Business News Shock jump in inflation; Woolworths hammered; bosses slam WFH as Greens call for law
Aug 27, 2025
Surprising inflation spikes threaten hopes for rate cuts. Woolworths struggles against fierce competition from Coles, hitting investors hard. Business leaders push back on remote work policies just as new legislation is proposed. The spring property market is set to boom as buyer confidence rises. Meanwhile, professionals wrestle with adapting to AI amidst the growing pressures of their regular jobs. Plus, hear about a fascinating art theft recovery story involving a WWII painting rediscovered in Argentina.
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Inflation Shock Raises Rate Cut Doubts
- July's CPI jumped to 2.8% annual, well above expectations and largely driven by housing, alcohol and energy.
- The RBA's preferred trimmed mean rose to 2.7%, reducing odds of a September rate cut despite one-off factors.
One Data Point Won't Force Policy
- Markets now view a September RBA cut as unlikely, though a November cut remains possible.
- Economists and Treasurer Jim Chalmers warned one monthly read shouldn't alone dictate policy.
CSL Chief Blames WFH For R&D Issues
- CSL chairman Brian McNamee blamed Victoria's entrenched work from home culture for R&D failures at the biotech's Melbourne labs.
- Business leaders warned Victoria's WFH push risks deterring investment and complicating operations.
