News
RBA cuts cash rate to 3.6% for borrowers
RBA cuts cash rate to 3.6%, providing relief to borrowers amid economic pressures and inflation within target range
RBA cuts cash rate to 3.6%, providing relief to borrowers amid economic pressures and inflation within target range
– The Reserve Bank of Australia has cut the cash rate by 0.25% to 3.6%, benefiting borrowers.
– A $500,000 mortgage will see a $74 monthly payment decrease, totalling $272 since January.
Michele Bullock, the RBA governor, will hold a press conference at 3.30 pm to discuss potential future rate cuts.
Economic Factors
The cash rate cut, coming from 3.85%, was expected by many observers, though some argue that it was overdue. Inflation is now within the RBA’s target range of 2-3%, but the economy has experienced a slow start this year due to ongoing cost-of-living issues and uncertainties related to Donald Trump’s trade policies.
Despite these challenges, some early indicators suggest a resurgence in household spending, with the NAB’s latest business survey revealing that corporate confidence has inched above its long-term average.
News
King Charles hails UK-US partnership at state banquet
King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS
King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS
At Windsor Castle, King Charles opened the state banquet with a speech celebrating the enduring partnership between the UK and the US.
He praised shared commitments to peace, the environment and trade, noting progress under President Trump’s administration.
#KingCharles #Trump #StateBanquet #UKUS #TickerNews
News
Disney cancels Jimmy Kimmel’s show after controversy
Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death
Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death
– Disney has indefinitely removed Jimmy Kimmel’s show after FCC Chairman Brendan Carr’s criticism of his comments.
– ABC station owners plan to drop the show due to offensive remarks made regarding political reactions to Charlie Kirk’s death.
Kimmel, known for his criticism of former President Trump, made controversial statements about political reactions to the death of Charlie Kirk during his Monday night show.
He expressed concerns that some were attempting to exploit Kirk’s death for political gain, specifically mentioning Vice President JD Vance and others associated with the ‘MAGA’ movement.
Remarks Controversy
Nexstar’s president, Andrew Alford, commented that Kimmel’s statements were “offensive and insensitive” and do not represent the views of their communities amid current national discussions.
News
Fed cuts interest rates by a quarter-point
Federal Reserve cuts interest rates, signaling potential future reductions amid concerns over slower employment growth. #FederalReserve #Economy #Jobs
Federal Reserve cuts interest rates, signalling potential future reductions amid concerns over slower employment growth.
he Federal Reserve has lowered interest rates by a quarter-point, signalling possible further cuts ahead.
Officials pointed to concerns over slower employment growth, marking a shift from their usual confidence in the labour market.
#FederalReserve #InterestRates #Economy #Jobs #TickerNews
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