Thu, 26th Jun 2025
from Finance News Wrap Hosted by Paige Estritori
In this edition of the Weekly Finance News Wrap, Paige Estritori updates listeners on the current geopolitical climate and its impact on global financial markets. The ongoing Israel-Iran conflict involving the United States is causing global concern and market volatility, with an increase in oil prices and potential for soaring inflation. A drastic rise in oil prices could push US inflation near six percent if situations worsen. In the US, President Trump's potential change of stance on Federal Reserve Chair Jerome Powell could further destabilize the economy. On Australia's front, the Australian Prudential Regulation Authority (APRA) is making changes to consider Higher Education Loan Program debt into home loan assessments from September 2025, signifying potential shifts in lending practices.
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