FEAR & GREED | Business News Inflation spikes rate cut; super funds warned; $2m parking meter theft
Nov 26, 2025
A surprising spike in inflation has dashed hopes for interest rate cuts. The Labor government is negotiating over new environmental laws. Super funds have been warned to improve services for retirees to avoid regulatory scrutiny. Meanwhile, Harvey Norman is celebrating a sales surge, contrasting with Temple & Webster's struggles. In a bizarre turn, a German parking meter attendant is accused of embezzling two million euros. The market reacts to these developments, shaping future financial landscapes.
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Inflation Killed Rate Cut Expectations
- Surprise inflation removed the near-term prospect of interest rate cuts and may even raise the chance of hikes next year.
- Markets quickly priced lower odds of cuts and pushed the Aussie dollar higher as bond yields moved.
Underlying Inflation Is Broadening
- Underlying services inflation rose to 3.3%, showing price pressures are broad and persistent.
- With housing and food also driving the rise, temporary factors don't fully explain the acceleration.
Prepare Your Mortgage For Higher Rates
- Expect higher mortgage costs and plan household budgets for possible rate increases.
- Monitor bond market moves and central bank guidance to time refinancing or extra repayments.