Wed, 29th May 2024

This week's episode of "Weekly Finance News Wrap" dives into the current Australian economic landscape. Topics include expected changes in inflation rates based on incoming Consumer Price Index data, which could bring relief to those experiencing high living costs. The Reserve Bank of Australia's Assistant Governor, Sarah Hunter, gearing up for discussions on these crucial data, along with the potential influence of US and UK holidays on June's trading volumes. The Federal Treasury maintains optimism about falling inflation rates due to measures like the $300 energy rebate. However, the Reserve Bank of Australia advises caution regarding possible future rate increases. Other economic indicators to watch include upcoming retail, construction, and expenditure reports. The positive economic atmosphere in the US, the world's largest economy, could also bolster the Australian share market.