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Inflation Surges, Impacting Possibility of Future Interest Rate Increases | The Business | ABC News

Cost of living pressures have risen again, with inflation hitting a four-month high. The key drivers are rising fuel, rent and food prices. While inflation has been moderating since its December peak, it could rise further in the coming months due to oil, energy and food inflation increasing around the world. Economists say the figures mean it is unlikely the Reserve Bank will increase interest rates at its October board meeting. However, there could be one more rate rise before the end of the year. Subscribe: Read more here: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitt
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Is the government ready to handle a potential economic downturn? | 7.30

Katy Gallagher is the Minister for Finance, and she speaks with 7.30’s Sarah Ferguson about the government’s preparedness for a possible recession. Subscribe: ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on ABC iview: For more from ABC News, click here: Get breaking news and livestreams from our ABC News channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Is the government prepared for a possible recession? This is a question that has been on the minds of many
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Australia to Experience a Recession in 2023 according to Marc Faber

Gloom, Boom & Doom Report editor Marc Faber, also known as 'Dr Doom', says a recession in Australia this year is inevitable. Subscribe: Read more here: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Renowned Swiss investor Marc Faber has made a bold prediction that Australia is likely to experience
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Recession Risks Rise, Squeezing One Million Households | ABC News

Around one million households will have to drastically cut back their spending due higher interest rates and soaring inflation. Subscribe: Read more here: That's the warning from a prominent economist, who says Australia is just as likely to fall into a recession as avoid one. ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia #AusBiz... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GO
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Could Australia's 30-year streak without a severe recession be coming to an end? | 7.30

Rising interest rates and unemployment won't be far from the minds of those who lived through Australia's last major recession in the 1990s. But in 2023, with a debt-laden nation paying off homes many bought at record high prices, rising rates mean a new type of misery. Australia's housing market has completely changed the nature of our economy. And as Alan Kohler reports, many of the old economic rules may no longer apply. Subscribe: ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on ABC iview: For more from ABC News, click here: Get breaking news and livestreams from our ABC News channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustrali
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Chances of a Recession in 2023: Analyzing the Economic Horizon | The Business | ABC News

The risk of Australia falling into recession is growing, as the outlook for the global economy deteriorates. We explore what will happen to businesses, jobs, house prices and shares in 2023. Subscribe: Read more here: 00:00 Introduction 1:30 - 2:03 The risks of recession in 2023 2:04 - 3:21 Where to put your money 3:22 - 4:30 What about resources? 4:31 - 5:12 Blue chip stocks 5:13 - 5:58 Impact of a US recession on the share market 6:00 - 10:08 The economic impact of Russia's invasion of Ukraine 10:09 - 10:52 Will the US fall into recession? 10:53 - 11:44 How likely is a recession in Australia? 11:45 - 12:22 Could we talk ourselves into a recession? 12:23 - 13:01 What will 2023 feel like? 13:02 - 14:01 House price predictions 14:02 - 14:38 How will households cope with higher interest rates? ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and mor
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Recession Forecast: Bloomberg and GMA's Prediction Reaches 100%

ABC News' chief economics correspondent Rebecca Jarvis breaks down what to know after Bloomberg economics found a 100% probability of a recession within the next 12 months. #ABCNews #recession #economy... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Recession Forecast Hits 100%: Bloomberg l GMA With the global economy grappling with the impacts of the ongoing COVID-19 pandemic, economists and financial institutions have been closely monitoring the possibility of a recession. Bloomberg, the renowned financial news and data platform, along with GMA, one of the Philippines' leading news networks, recently reported that the recession forecast has hit 100%. The term "recession" refers to a significant decline in economic activity, typically characterized by a substantial drop in gross domestic product (GDP) over two consecutive
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Nouriel Roubini predicts a coming "perfect storm" of recession, stagflation, and debt.

Prominent economist Nouriel Roubini tells Alicia Barry a stagflation crisis will emerge this year as central bankers struggle to curb inflation without crashing their economies. He expects a recession in US, Europe and other advanced economies. Subscribe: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Nouriel Ro
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Finance Report: Deloitte Anticipates a Consumer Recession and a Resurgence in the Australian Population

The Australian stock market fell on Tuesday, despite gains on Wall Street, while European markets have been mostly lower. Meeting minutes provided insight into the Reserve Bank's decision to pause rate hikes in April, revealing it was a close call. Subscribe: Read more here: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IR
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Here are several possible rewrites of the title, depending on the desired tone and emphasis: 1. Important Facts on CA Tax Extension and Middle Class Tax Refund 2. The Lowdown on CA Tax Extension and Middle Class Tax Refund 3. Key Insights into CA Tax Extension and Middle Class Tax Refund 4. Everything You Must Know about CA Tax Extension and Middle Class Tax Refund 5. Your Guide to CA Tax Extension and Middle Class Tax Refund 6. Demystifying CA Tax Extension and Middle Class Tax Refund 7. The ABCs of CA Tax Extension and Middle Class Tax Refund 8. A Simple Explanation of CA Tax Extension and Middle Class Tax Refund 9. What You Can Expect from CA Tax Extension and Middle Class Tax Refund 10. CA Tax Extension and Middle Class Tax Refund 101: Your Primer

Most Californians don't need to submit their taxes until Oct. 16, 2023. Due to the the winter storms, the tax deadline has been extended for all but 3 counties in California. CPA Larry Pon explains who is impacted by the new deadline, contributions that will lower your tax bill and what you need to know about the middle class tax refund. #taxes #tax #taxday #middleclasstaxrefund #taxrefund #abc7news... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA As the tax season approaches every year, many taxpayers face the pressure of filing their tax returns and ensuring they're not missing anything. However, sometimes circumstances prevent them from completing the task on time. For instance, a taxpayer may not have all the necessary documents or resources to file their tax returns before the April 15th deadline. Fortunately, the state o
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Janet Yellen, the U.S. Treasury Secretary, dismisses concerns of a recession and announces the economy to be "robust" on GMA.

"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years." Treasury Secretary Janet sits down for an exclusive interview with ABC News Chief Anchor George Stephanopoulos to discuss the state of the economy, recession fears and President Joe Biden's upcoming State of the Union address. READ MORE: #abcnews #stateoftheunion #recession #inflation #economy #janetyellen #gma #news... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Janet Yellen, the U.S. Treasury Secretary, has rejected fears of a possible recession and stated that the country's economy is "strong". Speaking on the Good Morning America show, Yellen expressed optimism and confidence in the future of the American economy. Yellen's comments came amid concerns raised by experts and analysts about th
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