Australia’s Inflation Drop Sparks RBA Rate Decision, UK Budget Set for Major Changes

Simply Finance

Australia faces a pivotal moment as inflation hits a three-year low, prompting speculation about a potential interest rate cut by the Reserve Bank of Australia. Meanwhile, the UK's new finance minister Rachel Reeves prepares to unveil a budget that may include significant tax hikes to address public service challenges. Additionally, Missouri's abortion amendment campaign reports over $30 million in funding, highlighting the financial stakes in the upcoming election. Lastly, the U.S. Treasury launches a new initiative aimed at improving financial inclusion for underserved communities.
Sources:
https://au.finance.yahoo.com/news/pressure-mounts-on-rba-as-michele-bullock-warned-against-bizarre-decision-we-got-there-035626221.html/
https://uk.finance.yahoo.com/news/uks-finance-minister-reeves-lines-223520182.html/
https://www.kmbc.com/article/abortion-amendment-missourians-constitutional-freedom-reports-finance-reports/62756077
https://www.americanbanker.com/news/treasury-secretary-janet-yellen-announced-a-new-financial-inclusion-strategy-urging-u-s-banks-to-collaborate-on-expanding-access-to-financial-services-for-underserved-communities-and-promoting-economic-opportunity-nationwide
Outline:
(00:00:00) Introduction
(00:00:44) Major RBA interest rate call after crucial inflation data released
(00:03:31) UK's new finance minister Reeves lines up tax hikes and borrowing in first budget
(00:06:37) Abortion amendment: Missourians for Constitutional Freedom reports over $30M in finance reports
(00:09:09) Treasury launches new financial inclusion push