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“The consensus among US economists is that headline inflation will have risen from August’s 3.4 per cent to 3.6 per cent or 3.7 per cent, with “core” inflation (excluding energy and food costs) either steady or edging up from 2.5 per cent to 2.4 per cent.”

“…le, RBA Governor Michele Bullock has finally stopped gaslighting the Australian public on spending and made one thing pretty clear: demand is running too hard relative to supply, productivity growth is doing bugger all and monetary policy can’t fix…”

“The Australian sharemarket has now wiped out all its gains for the year amid consistent concerns about inflation as the Iran war is fuelling energy costs, with the fallout trickling through the wider economy.”