The ASX tumbled today. The S&P/ASX200 dropped 23.60 points or 0.32% to 7,243.50, crossing below its 125-day moving average. Over the last five days, the.
Prime Minister Anthony Albanese hit back at opposition claims Labor has abandoned middle Australia by insisting its budget measures will improve the lives of mainstream voters without pushing up inflation and interest rates.
Economists who were blindsided by the RBA’s decision to raise rates on Tuesday say Philip Lowe had not made it clear he had adopted a more aggressive stance on inflation.