How to put your credit card debt on ice

Save articles for later Add articles to your saved list and come back to them any time. Are you still managing to clear your credit card in full each month? To zero it out ready to start fresh, thus paying zero interest? If you are, you’re one of the lucky ones: hundreds of thousands of Aussies aren’t. New credit card […]

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US Annual CPI at 4% in May: What’s Next for the Fed?

Year-on-year inflation stood at 4% in May, down from 4.9% in April, according to the consumer price index (CPI) report by the US Bureau of Labor Statistics (BLS). The data comes before the meeting of Federal Reserve policymakers, who can either skip or announce another interest rate hike on June 14. Core Inflation Was 5.3% in May 2023 New CPI […]

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UK Construction Growth Hits 3-Month High

The UK construction sector expanded at the sharpest pace in three months in May, driven by faster gains in commercial building and civil engineering activity, survey results from S&P Global showed Tuesday. The Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index, or PMI, rose to 51.6 in May from 51.1 in April. The score was expected to remain […]

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The world is in a precarious position

Save articles for later Add articles to your saved list and come back to them any time. With most of the major economies experiencing unsustainable inflation rates and their central bankers responding by imposing crushing interest rates, it’s not surprising that the World Bank has described the state of the global economy as “precarious.” That was the description the bank […]

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Affordable housing? Build (in the right place) and they will come

Save articles for later Add articles to your saved list and come back to them any time. People have been complaining about the unaffordability of houses for as long as I’ve been a journalist. In all that time, governments have professed great concern, while doing nothing of consequence. But I suspect their insouciance can’t last much longer. Over the years, […]

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German Inflation Weakens More Than Expected

Germany’s inflation eased more than expected in May, in line with the slowing trend in France, Italy and Spain, and thus strengthened the stance of doves in the European Central Bank who are calling for a pause in the interest rate hike cycle. Consumer prices advanced 6.1 percent from a year ago in May, flash figures from Destatis revealed Wednesday. […]

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