Live: As Wall St rises, ASX set to dip as Reserve Bank expected to deliver 10th rate hike

  • 📰 abcnews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 83%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The local share market may fall at the open, despite mostly positive overseas sessions. The Reserve Bank of Australia is expected to hike rates again this afternoon. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

By Stephanie Chalmerstook a look at how another rate rise will impact those with home loans.

If the cash rate increased to 3.6 per cent, another $77 would be added to monthly repayments on a $500,000 loanSomeone with a loan that size is paying an extra $983 a month since the first rate rise in May 2022For example, Melbourne's Tran family is paying an extra $113 a week on their home loan, and they have to find that somewhere.

The family is watching what they spend on groceries, has cut back on visits to the family doctor and physiotherapy sessions for their daughter. "We don't spend too much money on things that are not the basic expenses," school teacher Le Tran said.You can read more of that story here:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Labor stop spending

HODL through, bros. Diamond hands. WAGMI...

What's a little inflation when plucky Australia has Putin and climate change on the ropes?

This is great news. We must ensure the WEF great reset succeeds. We must crush society and ensure the people are made poorer to make the rich richer. Planned wars and pandemics are the perfect cover to siphon taxpayer money to boost stocks. Society are such suckers.

Yep The RBA is about to set the scene again Their ABSOLUTE accuracy & REASONS (that wages are) causing inflation are BEYOND DOBT …If you’ve got yr head stuck up yr own butt This is such BS

Or does it mindlessly follow US lead up 🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank picks four Wall Street banks for Arm’s massive Nasdaq IPOBREAKING: Wall Street’s best-known investment banks will seek to value Arm at about $US50 billion, in what could be the year’s biggest global IPO.
Source: FinancialReview - 🏆 2. / 90 Read more »

Why Wall Street’s biggest bear is worried about property and PEBank of America’s Michael Hartnett sees a “credit event” coming before the bear market will end, saying property and private equity are the likely sources.
Source: FinancialReview - 🏆 2. / 90 Read more »

RATES INFLATION LIVE UPDATES Fed’s Mary Daly says rates must go higher for longerMary Daly says US interest rates must go higher to beat persistent inflation; Russian pressure on the prime target in Donetsk is increasing; Joe Biden is moving to further restrict US investment in China; police foil plot to bring in $1 billion of cocaine. Follow the latest here.
Source: FinancialReview - 🏆 2. / 90 Read more »