News
RBA predicts slow growth and limited interest rate cuts
RBA projects steady economic growth but no significant interest rate cuts, warning of ongoing cost-of-living challenges for Australians
RBA projects steady economic growth but no significant interest rate cuts, warning of ongoing cost-of-living challenges for Australians
– RBA predicts persistent cost-of-living issues with low chances of interest rate cuts; economy growth expected at 2%.
– Unemployment rose to 4.5%, but is projected to remain steady; inflation is forecasted at 3.7% by next June.
Unemployment rose to 4.5% last month but is expected to remain steady just below this level for the next two years. Some economists challenge this optimism. Productivity is improving more quickly than anticipated but remains relatively low by historical standards.
Inflation, meanwhile, is projected to stay persistently high despite solid growth and stable unemployment. The bank highlighted that last week’s inflation figures were significantly higher than expected, with the annual consumer price rise predicted to reach 3.7% by next June. With wage growth forecasted at only 3%, workers’ purchasing power is expected to decline.
No Rate Cuts
The RBA’s lack of interest rate cut forecasts have led markets to lower their expectations. The cash rate is predicted to bottom out at 3.3% next year, a revision from earlier projections of 2.9%. Many economists believe further cuts are unlikely, with a median expectation for no cuts until late next year.
RBA governor Michele Bullock acknowledged that maintaining the current rate is possible, noting that the RBA may not need to reduce rates significantly as other central banks have.
Competitive banking conditions offer some relief to borrowers, resulting in reduced spreads on variable-rate mortgages. Nonetheless, there are concerns that these spreads could increase as banks aim for higher profitability or as market risk premiums adjust. Australian variable mortgage rates may have reached their lowest point for the foreseeable future.
News
Are women being silenced on LinkedIn? Algorithm claims spark debate
LinkedIn’s algorithm may favor men’s content, prompting concerns about gender bias and visibility for women professionals.
LinkedIn’s algorithm may favor men’s content, prompting concerns about gender bias and visibility for women professionals.
A Melbourne-based LinkedIn coach has raised concerns that the platform’s algorithm may be limiting the reach of women’s content. The discussion has intensified after an experiment showed major differences in engagement between male and female profiles posting identical content. Is the algorithm unintentionally amplifying gender bias?
We speak with Darren Woolley from TrinityP3 to unpack the evidence behind these claims, explore the implications of LinkedIn’s denials, and break down what these changes mean for professional women trying to build visibility online. What does the shift from cumulative to daily performance graphs signal? And how worried should users be about hidden bias?
Darren also explains why women must continue posting, how to create content that cuts through algorithm changes, and what strategies can help users—particularly women—boost their reach. Plus, we look at the broader call for more diverse voices to be heard on the world’s biggest professional platform.
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#LinkedInNews #SocialMediaBias #WomenInBusiness #AlgorithmIssues #DigitalVisibility #ProfessionalNetworking #GenderEquality #TechDebate
News
Hong Kong high-rise inferno leaves dozens dead and hundreds missing
Deadly fire at Hong Kong’s Wang Fuk Court kills 36, 279 missing; authorities face scrutiny over construction safety.
Deadly fire at Hong Kong’s Wang Fuk Court kills 36, 279 missing; authorities face scrutiny over construction safety.
A horrific fire has torn through Hong Kong’s Wang Fuk Court housing complex, killing at least 36 people and leaving 279 missing. The blaze erupted in the Tai Po district and quickly intensified as bamboo scaffolding helped the flames spread with alarming speed.
The complex, home to nearly 4,800 residents, was undergoing major renovations at the time of the disaster. Authorities are now facing renewed scrutiny over construction safety and the ongoing reliance on bamboo scaffolding, which has been at the centre of multiple accidents in recent years.
Chinese President Xi Jinping has expressed deep condolences and called for urgent rescue and recovery operations as emergency teams continue searching for survivors.
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News
National Guard troops shot near White House as lockdown declared
Two National Guard members shot near the White House; critical condition prompts major law enforcement response and lockdown.
Two National Guard members shot near the White House; critical condition prompts major law enforcement response and lockdown.
Two National Guard members have been shot in Washington, D.C., just blocks from the White House, prompting a major response from law enforcement. A suspect was also shot during the confrontation, and officials report the guards are in critical condition. President Trump, currently in Florida for the Thanksgiving holiday, confirmed the severity of the incident.
Authorities quickly locked down the White House and the Treasury Department’s headquarters as police surrounded Farragut Square with heavy security and yellow tape. The area remains closed off as investigators work to understand what led to the violent encounter.
This shooting comes as tensions rise around the National Guard’s legal role in the capital. A federal judge recently ruled their presence violates several laws but delayed action until December 11, leaving a controversial deployment in limbo.
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#WashingtonDC #NationalGuard #WhiteHouse #BreakingNews #USPolitics #SecurityAlert #Trump #TickerNews
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