In Australia, the November RBA meeting minutes presented a detailed account of the Board’s deliberations and their assessment of the risks. The Board recognised recent evidence that pointed to lingering resilience in the labour market and domestic demand, alongside the fact that the moderation in underlying inflation is tracking a slower pace than expected. These developments have renewed concerns over inflation expectations, with the Board noting “growing signs of a mindset among businesses that any cost increases could be passed onto consumers”, a worrisome development given that only a “modest” increase in inflation expectations would make it “significantly” harder to return inflation to target.
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Emily Bailey took home the 'Mrs. Maine 2022' title at her very first pageant, where she represented Farmington. Bailey moves on to the Las Vegas "Mrs. United States" pageant in February.