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Money

RBA likely to pause cash rate hikes following cooler inflation data

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The Reserve Bank of Australia shocked many by raising the cash rate to 4.1 per cent earlier in June. Mortgage holders await to see if they are done for the year

 
Consumer inflation in Australia slowed to a 13-month low in May due to a sharp decline in fuel prices, as well as a measure of core inflation in a sign interest rates might not need to rise in July.

The Australian Bureau of Statistics reported recently that its monthly consumer price index (CPI) rose 5.6 per cent in the year to May, the smallest increase in a year.

That was down from 6.8 per cent the previous month and well below market forecasts of 6.1 per cent.

“A hold [on interest rate rises] is increasing in probability at the moment,” said Chris Ford from Compare the Market, however said that many in Australia’s banking sector are expecting two further hikes by year’s end.

The RBA made a surprising rate hike of 25 basis points earlier in June, bringing the cash rate to 4.1 per cent, the highest level since 2012.

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Money

Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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Experts unveil the secrets to crypto ‘prop trading’

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What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

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