Good morning and welcome back! Today’s top stories include global economic growth forecasts, inflation projections, and US House approval of aid for Ukraine, Israel, and Taiwan.
The US House has approved aid for Ukraine, Israel, and Taiwan, demonstrating ongoing efforts to support these countries in various ways. It is projected that CPI data will show a slowing in inflation, which could have implications for monetary policy decisions.
Australia’s Treasurer Jim Chalmers announced that they will be revising the growth outlook for major economies, including China, in their upcoming budget release. This decision comes after discussions with international counterparts and central bank chiefs in Washington, where uncertainties about the global outlook were a central topic. Stay tuned for more updates on these stories and other important news developments throughout the day.
