An indigenous labour hire firm linked to underworld figure Mick Gatto has emerged as a big winner in a $222 million Victorian government road upgrade project.The defence review wants Australia to be able to strike at distance and defend in depth but says little about the greater Indo-Pacific power balance.AUD -1.1% to 66.24 US centsIn New York: BHP -3.4% Rio -3.6% Atlassian -7.6%Stoxx 50 -0.5% FTSE -0.3% CAC -0.6% DAX +0.1%Iron ore -1.9% to $US101.
“Key for the RBA will be the extent of the slowdown in core inflation, particularly the trimmed mean measure. The RBA’s projections in its February SMP imply that the central bank was expecting trimmed mean inflation to slow to around 1.4 per centQoQ/6.6 per centYoY, in line with our forecasts, and down from 1.7 per centQoQ/6.9 per centYoY in 4Q ’22.
“Given the RBA’s focus on avoiding a recession, we think the bar for RBA to restart hikes is high. A CPI report largely in line with our projections would increase our confidence in a continued pause in May.”: ”Our economists’ expectation is for headline CPI to lift 1.2 per cent q/q and for trimmed mean inflation to lift 1.5 per cent q/q and 6.8 per cent y/y. We think core inflation overall will lift 1.45 per cent q/q and 6.
“We expect the largest upward contributions to headline inflation this quarter to be from housing , food , health, education, and a range of household services.”: “We are below consensus on both the headline CPI and trimmed mean measure in Q1. We expect headline inflation to ease to 1.2 per cent q/q from 1.9 per cent last quarter. This would bring the annual print to 6.8 per cent y/y, from 7.8 per cent y/y in Q4.
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