Morning,
Markets are down, prices are up! The biggest gainer was m/m CPI rising from 0.3% to 0.4%.
So called 'Supercore' inflation was also putting in gains with y/y at 4.8% and with an over 8% gain over the last annualized 3 mths period.
Ouch....... " Supercore accelerated to a 4.8% pace year-over-year in March, the highest in 11 months. "
https://www.cnbc.com/2024/04/10/the...fed-may-have-a-real-problem-on-its-hands.html
Another gainer was the $US, the $AU falling back over a cent to 65c due to our low interest rates.
Oil holding up, Gold down.
Right on time, just like a fair dinkum commie, Albo says - " Protection " is the " new competition " .
Will declare the free-market can no longer be relied upon......
Declare! .... isn't that something tyrants and/or dictators do....?
https://www.copyright link/politics/federal/protection-is-the-new-competition-20240409-p5figs
Since Biden, or Albo for that matter, inflation hasn't fallen in any month, but in July 2022 it was flat.
Up 19.17% since Biden took Office.
Commodities a bit softer overnight.
ASX futures down around 59 pts but don't worry it's Friday tomoz.
Daytime arriving, looking like clear skies, a cool 14c here.
