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The RBA has primed the market for an interest rate rise. But what will it mean for unemployment? | Greg Jericho

Central bank forecast that unemployment might have to move even higher makes it clear how much more the RBA cares about inflation than full employment Follow our Australian politics live blog for latest updates Get our daily political email , free app or daily news podcast Back in July , the June inflation figures killed off chances of a rate rise; yesterday, however, the September inflation…

The RBA has primed the market for an interest rate rise. But what will it mean for unemployment? | Greg Jericho

We haven't written up this one. The Guardian Australia has the full story — the link below goes straight to it.

Read the original at theguardian.com →

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Iran Eyes $130 Oil While at Least 50 Tankers Sit Stuck in the Gulf

An oil price of $130 per barrel could be one of the scenarios of Iran’s economic planners preparing the budget for the next Iranian year starting March 2027, according to Iranian media.

  • Iran may budget for $130 oil price in 2024, as reported by Fars News Agency.
  • At least 50 Iranian tankers stranded in Gulf due to U.S. blockade.
  • Iran's oil exports significantly decreased since August, with floating storage nearly drained.

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