Timothy Sumer

There are renewed fears that Australia could be sliding into a recession following rising inflation, more rate hikes and low growth. More: Subscribe to 7NEWS Australia for the latest breaking news video » Connect with 7NEWS online: Visit » 7NEWS Podcast » Facebook » Twitter » Instagram » 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7NEWS nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus. #InterestRates #7NEWS... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Fears that Australia could be slipping into a recession have been growing in recent months. Economic indicators and global uncertainties are pointing towards a potential downturn for...

Subscribe to 7NEWS Australia for the latest breaking news video » Connect with 7NEWS online: Visit » 7NEWS Podcast » Facebook » Twitter » Instagram » 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7NEWS nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus. #7NEWS #BREAKINGNEWS... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The Reserve Bank of Australia (RBA) is Australia's central bank, responsible for setting the country's interest rates, managing the money supply, and ensuring economic stability. In recent months, the RBA has been hiking interest rates, with the latest increase taking place in November 2021. However, many experts are...

Some economists are warning we're heading for an unnecessary recession. Economists at the consultancy firm Deloitte are warning of a potential recession should the Reserve Bank keep hiking interest rates. Australian consumers surprised everyone with their continued appetite to spend all through last year despite the official cash rate jumping from 0.1 percent to 3.1 percent and inflation rocketing to its highest level since the early 1990s. Retail spending held up remarkably well. But the economists at Deloitte believe consumers are about to run out of steam, saying there are already signs that households are feeling the pinch from falling house prices, higher mortgage repayments and expenses like rent, petrol and groceries getting ever more expensive. Something which economists are watching closely is how well households cope with fixed rate mortgages expiring this year. Several hundred thousand fixed rate mortgages will roll off - meaning borrowers will need to t...

Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, discusses progress on the Converge Program and improvements it will provide for Thrift Savings Plan participants ___________ Follow our social media for the latest updates: GM on Twitter: GM on LinkedIn: GM on Facebook: Subscribe to the Government Matters podcast: For more information, visit Government Matters is a multi-platform news program dedicated to providing non-partisan information and analysis to federal managers, contractors and those supporting the federal marketplace. Hosted by Mimi Geerges, the show airs weeknights at 8 and 10:30 on WJLA 24/7 News and Sunday mornings at 10:30 on 7News.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/federal-retirement-thrift-investment-b...