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Breaking News
Fed's Barkin: Price at the Pump Matters a Lot
Federal Reserve Bank of Richmond President Tom Barkin says it's too soon to say how policymakers will respond to the war in Iran, but they're tracking the impact on oil now. "Gas prices, obviously, if they're up, that is inflationary," Barkin told Michael McKee on Bloomberg Television Thursday.
Fed Is Still Assessing Impact of Iran War, Barkin Says
Federal Reserve Bank of Richmond President Tom Barkin says it's too soon to tell how policymakers will respond to the Iran war, but he says they are tracking the price of gasoline closely. He also says policy is modestly restrictive right now and we've seen "a couple months of relatively high inflation." He speaks to Bloomberg's Michael McKee in Richmond.
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Monetary Policy Is Modestly Restrictive, Barkin Says
Federal Reserve Bank of Richmond President Tom Barkin says monetary policy is modestly restrictive for now. He speaks to Bloomberg's Michael McKee in Richmond.
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Insights
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What is Australia’s richest suburb?
Well, grab a champagne flute and a slice of avocado toast, because the Australian Taxation Office has graced us with its annual Taxation Statistics report for the 2022–23 year.
And what a delightful read it is for anyone living in a post-code that isn't 2027 (Darling Point, Sydney).
Economy
Economy
Services surge drives Australian household spending recovery
Australian household spending rebounded in the first month of 2026, buoyed by a significant appetite for services despite a softening market for major goods.
Chalmers hails Australia's GDP surge amid digital push
Treasurer Jim Chalmers hails a "stronger and broader" Australian economy as annual GDP growth climbs from 2.1% to 2.6%.
Economy
Unions push for five-week annual leave increase
The Australian Council of Trade Unions has formally petitioned the Albanese Government to legislatively increase the nation’s minimum annual leave from four weeks to five.
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