Tue, 10th Jun 2025

In this week's Financial News Wrap, Paige Estritori discusses the Australian economic landscape, expectations of new consumer sentiment data, the impact of interest rate cuts, slow consumer spending and high labor costs. International news includes scrutiny on US inflation and tariff pressures, yet the resilience of US markets, driven by tech gains. In the finance sector, Westpac is under the microscope after its RAMS home loans subsidiary faced allegations of fraudulent activity. Household spending remains cautious with a minor rise reported by the Australian Bureau of Statistics. The Star Casino is also under fire for lapses in anti-money laundering controls and potential massive penalties. Join Paige for these insights and more on Financial Services Online to stay informed and learn how to make your money work harder.