Thu, 30th May 2024

This episode of the Weekly Finance News Wrap touches on the financial turbulence experienced in the week, especially for Australian consumers and businesses. The focus is on inflation and interest rates, with the Australian Bureau of Statistics set to release its Consumer Price Index data indicating expected lower inflation rates. The Reserve Bank of Australia (RBA) and Federal Treasurer Jim Chalmers weigh on the issue, with the RBA potentially considering revisiting interest rates next month. Chalmers, however, expresses optimism about inflation falling within the target range due to measures such as the $300 energy rebate. Additional economic reports from the retail, construction, and expenditure sectors are also to come. The episode ends with a positive note on the impact of strong consumer sentiment in the USA on the Australian share market.