Warsh's Hawkish Shadow: Fed Pivot Threatens RBA's Delicate Inflation Balance

28 public servants per day — that's the Albanese government's hiring rate, building a $34 billion budget hole that complicates the RBA's inflation fight while labour costs themselves are driving domestic price pressures.

Money Moves

• ASX futures point to a 0.4% drop as traders recalibrate rate bets for both the US and Australia following Fed Chairman Kevin Warsh's hawkish inflation-fighting speech.
• National auction clearance rate eased to 52.4%,...