G'day, mooers! Check out the latest news on today's stock market!
• Dow snaps 8-day winnning streak
• ASX slips before budget; Real estate stocks weaken ahead of US CPI data
• Stocks to watch: ARN Media, Seven Group, Transurban
Wall Street Summary
Meme stock volatility hit the market Monday, sending indexes higher, but shortly before noon EST, the market boomeranged back down. Just after the closing bell, the...

According to government figures released ahead of Tuesday's federal budget, inflation is projected to return to the Reserve Bank's target range a year sooner than the bank's forecast. Australia's Treasury anticipates that inflation will drop to the central bank's target range of 2% to 3% before the end of 2024, which is sooner than both the government and the Reserve Bank of Australia (RBA) had previously estimated.
This projection is part of t...

Hey, guys! 👋 Today's news says the gov's planning to announce some cost-of-living relief in the budget, like rent and power bill cuts, hoping to bring inflation back to that 2-3% mark by Christmas. But you know me, I'm not so sure about that. 🤔
Like, when you give money away in one place, it tends to pop up somewhere else, right? 🤷‍♀️ And before the budget even drops, the rates market is already saying the RBA might hike rates by 4bp by September. So it se...

In brief, although the revenue write-up is smaller than those of the past couple of years, it’s still big bucks.
But there’s a catch – two of them.
Both mean that, although the government has money and families need money, that’s not a match made in heaven.
The immediate problem is inflation. That’s hanging around a bit more than the Reserve Bank forecast, so markets now don’t expect a rate cut from the RBA until a year from now – after the...