Economy
All the latest in government, politics, markets, policies, global events and broader trends that are impacting your money.
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In a surprising turn of events, the latest Labour Force data has revealed a significant rise in unemployment, exceeding expectations and signalling a potential shift in the labour market narrative. According to Krishna Bhimavarapu, APAC Economist at State Street Investment Management, this development could have substantial implications for the Reserve Bank of Australia's (RBA) monetary policy decisions in the coming months.
" ["fulltext"]=> string(3405) ""Today’s jump in unemployment, well above the 4.3% consensus and even our 4.4% call, signals that the labour market narrative may be shifting faster than expected," Bhimavarapu stated. This unexpected rise in unemployment has caught many analysts off guard, as it challenges the previously held consensus and forecasts.
The newly released data indicates that the unemployment rate has risen beyond the anticipated 4.3%, with State Street's own projections having been slightly higher at 4.4%. The actual figures, however, surpassed these estimates, suggesting that the labour market may be experiencing more profound changes than previously thought.
Bhimavarapu further elaborated on the implications of this data for the RBA's decision-making process. "It validates the RBA’s inclination to hold in June and raises the bar significantly for a change," he explained. The RBA had been expected to maintain its current stance, but the latest unemployment figures could now prompt a reevaluation of future policy moves.
The rise in unemployment is not the only concern on the horizon. Bhimavarapu highlighted another pressing issue that could impact the economic landscape in the near term. "Even if the Iran conflict ends soon as we expect, the bigger near-term story remains the emerging inflation shock," he noted. This potential inflationary pressure could complicate the RBA's efforts to balance economic growth and price stability.
State Street's high-frequency tracker has already detected signs of a sharp pickup in inflation over the next three months. This development could further strain the labour market and complicate the RBA's policy decisions. Bhimavarapu's analysis suggests that the central bank may face increasing challenges in navigating these economic uncertainties.
Looking ahead, Bhimavarapu offered insights into the potential trajectory of unemployment in Australia. "Further ahead, we still see unemployment drifting toward 4.8% by year-end," he predicted. If this forecast materialises, it could have significant implications for the RBA's policy outlook.
The prospect of rising unemployment, coupled with emerging inflationary pressures, could prompt a shift in the RBA's approach. "It will not just be against expectations of the market and the government, but also of the RBA’s," Bhimavarapu remarked. This potential pivot to easing could mark a departure from the central bank's current stance, as it seeks to address evolving economic challenges.
The unexpected rise in unemployment and the looming inflation shock underscore the complexities facing policymakers in the current economic environment. As the RBA grapples with these issues, market participants and analysts will be closely monitoring future developments to gauge the potential impact on Australia's economic trajectory.
The latest Labour Force data has unveiled a surprising rise in unemployment that surpasses expectations and raises questions about the future direction of the labour market. State Street's Krishna Bhimavarapu highlights the implications of this development for the RBA's policy decisions, emphasising the potential challenges posed by emerging inflationary pressures. As the economic landscape continues to evolve, the central bank may need to reassess its approach to navigate these uncertainties effectively.
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In a surprising turn of events, the latest Labour Force data has revealed a significant rise in unemployment, exceeding expectations and signalling a potential shift in the labour market narrative. According to Krishna Bhimavarapu, APAC Economist at State Street Investment Management, this development could have substantial implications for the Reserve Bank of Australia's (RBA) monetary policy decisions in the coming months.
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bolster local capabilities, fortify supply chains, and invest in skills to build a more resilient economy. This initiative comes at a crucial time when the nation is grappling with the challenges of global supply chain dependencies and the need for economic self-sufficiency.
" ["fulltext"]=> string(4080) "James Beeson, the chief executive of Earlypay, is among those advocating for a renewed focus on domestic production. He argues that purchasing Australian-made products should be seen as a vital component of a broader economic strategy aimed at enhancing productive capacity and reducing reliance on foreign supply chains. "Over recent decades, Australia has become heavily reliant on overseas supply chains for many critical goods," Beeson remarked. "In the short term, those dependencies are difficult to unwind, but the lesson is clear. If we do not continue building domestic manufacturing capability, we leave ourselves exposed when global supply chains come under pressure."
Beeson further emphasised that Australian Made Week serves as a timely reminder that manufacturing is not merely about national pride but is intrinsically linked to jobs, investment, and economic security. "There may be a cost to buying Australian-made in some categories, but that spending supports local businesses, local jobs, and investment in a productive capacity," he explained. "If we are serious about strengthening Australian manufacturing, businesses need the confidence and working capital to invest in equipment, people, and production capacity."
The call for action coincides with recent announcements from the Federal Budget, which includes measures designed to alleviate business pressures. Among these are productivity reforms aimed at reducing regulatory burdens by $10.2 billion annually. Additionally, the Budget offers cash-flow support, allowing eligible companies that incur losses from 2026-27 to claim refunds against taxes paid in the previous two income years—a move expected to benefit up to 85,000 companies, primarily small businesses.
Despite welcoming these measures, Beeson insists that Australia requires a more comprehensive plan to support productive investment in industries where the country can excel. "The Budget measures are useful, particularly anything that improves cash flow or gives small businesses more certainty around investment," he acknowledged. "But we also need to think seriously about where Australia can excel. Agriculture, energy, and defence are all areas where local capability matters and where stronger manufacturing capacity can support long-term economic resilience."
A crucial aspect of this shift, Beeson notes, is the need for robust vocational education pathways to equip workers with the skills necessary for modern manufacturing. "We cannot just say we want to make more things in Australia if we do not also have the people and skills to do it," he stated. "University is not the only pathway. We need stronger vocational education pathways that prepare people for higher-skilled jobs in modern manufacturing, automation, and production."
Echoing these sentiments, Ben Lazzaro, chief executive of the Australian Made Campaign, underscores the broader impact of supporting local products. "When consumers choose Australian Made, they’re actively supporting local economies, strengthening communities, and helping Australian businesses thrive," Lazzaro said. "Supporting local has never been more important. Australian Made Week is about calling on shoppers and businesses to back the home team and look for the Australian Made logo because Australian Made makes Australia."
Research highlighted by the Australian Made Campaign suggests that if Australians spent an additional $20 weekly on locally made products, it could inject $11 billion into the economy and create 20,000 jobs. Lazzaro points out that the Australian Made logo remains a potent commercial tool, with Roy Morgan Research indicating that 99 per cent of Australians aged 18 and over are aware of it.
In summary, the collective push from industry leaders during Australian Made Week underscores a critical message: backing Australian manufacturers not only supports local jobs and strengthens business confidence but also lays the foundation for further investment and growth across the economy.
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The spotlight is on Australia's manufacturing sector during Australian Made Week, held from May 18 to 24, as business and government leaders emphasise the need to bolster local capabilities, fortify supply chains, and invest in skills to build a more resilient economy. This initiative comes at a crucial time when the nation is grappling with the challenges of global supply chain dependencies and the need for economic self-sufficiency.
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everything from tax deductions to superannuation and health care. MLC has released a comprehensive analysis detailing these changes and their potential impacts on financial advisers and their clients.
" ["fulltext"]=> string(4254) "Tax and cost-of-living measures
Among the most notable proposals is the introduction of a $1,000 instant tax deduction for work-related expenses, alongside a $250 annual Working Australians Tax Offset. These measures aim to alleviate the financial burden on working Australians. Additionally, the lowest marginal tax rate is slated to decrease to 15% from 1 July 2026 and further to 14% from 1 July 2027, with corresponding increases in Medicare levy thresholds.
MLC's analysis suggests these tax changes could significantly impact after-tax income for many Australians. "The introduction of a standard deduction for work-related expenses simplifies the process for many taxpayers, while still allowing for higher claims where applicable," the analysis notes. However, it also warns that "substantiation may still be required where higher deductions are claimed."
Investment and property reforms
From 1 July 2027, the 50% Capital Gains Tax (CGT) discount will be replaced with Consumer Price Index (CPI) indexation, and a minimum 30% tax rate on capital gains will be introduced. Negative gearing will face restrictions for newly acquired established residential properties, with losses permitted to be carried forward.
These changes are expected to have profound effects on investment strategies. "The adjustments to CGT and negative gearing will alter how capital gains and investment property losses are treated over time," MLC's report states. Financial advisers may need to reassess investment outcomes and models as a result. "These changes may affect the way investment outcomes are assessed and modelled," the analysis highlights.
Implications for trusts and small businesses
A new 30% minimum tax on discretionary trusts will commence on 1 July 2028, with transitional relief available. Additionally, the instant asset write-off for eligible small businesses will be permanently set at $20,000.
These adjustments could prompt businesses and individuals to review their asset ownership structures. "Updates to discretionary trust taxation may prompt a review of existing structures and consideration of alternative strategies," MLC advises. This may particularly impact small businesses and individuals relying on these trusts for tax efficiency.
Superannuation and health care adjustments
The Low-Income Superannuation Tax Offset will see expansion from 1 July 2027, providing some relief to low-income earners. However, older Australians may face increased costs as higher private health insurance rebates are set to be removed from April 2027.
The health sector is also poised for significant reforms, with changes to the National Disability Insurance Scheme (NDIS), aged care, and Support at Home services. These reforms are designed to expand services and adjust eligibility over time. "Changes to private health insurance rebates may affect premium costs for some older Australians," MLC's analysis warns, adding that "updates to aged care, disability support and government payments may affect eligibility, access and out-of-pocket costs across these services over time."
Advisers and clients brace for change
For financial advisers, these sweeping changes necessitate a thorough review of client portfolios and strategies. "The proposed changes may result in a review of asset ownership structures across super, trusts, companies, and individuals," MLC suggests. Advisers will need to guide clients through these transitions, ensuring that they remain compliant while optimising their financial outcomes.
Clients, on the other hand, will need to adapt to the new financial landscape. The standard deduction for work-related expenses and the Working Australians Tax Offset are expected to influence after-tax income. Meanwhile, changes to CGT and negative gearing will require a reassessment of investment property strategies.
As Australians digest these proposed changes, the financial sector is poised for a period of adaptation and realignment. With the potential for significant impacts on both advisers and clients, the coming years will be critical in navigating the evolving financial terrain.
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In the wake of the Federal Budget announcement last night, significant reforms are set to reshape the financial landscape for Australians, touching on everything from tax deductions to superannuation and health care. MLC has released a comprehensive analysis detailing these changes and their potential impacts on financial advisers and their clients.
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adjustments. Nigel Green, CEO of the deVere Group, one of the world’s leading independent financial advisory organisations, has issued a stark warning about the challenges facing Warsh as he steps into his new role.
" ["fulltext"]=> string(4760) "The latest inflation data reveals a concerning trend, with the US Consumer Price Index (CPI) rising to approximately 3.8% year-on-year in April. This increase is primarily driven by soaring energy prices, a consequence of the ongoing conflict in Iran and disruptions in the Strait of Hormuz. These geopolitical factors have tightened the global oil supply, causing fuel costs to surge.
While core inflation remains slightly lower, it still hovers around 2.8%, significantly above the Federal Reserve’s 2% target. This persistent price pressure across services presents a formidable challenge for the incoming Fed chair, who is expected to assume office shortly after Senate confirmation, succeeding Jerome Powell.
Nigel Green highlights the difficulty of Warsh's position, stating, “This CPI print has boxed the next Fed chair in before he even sits down. Kevin Warsh wants room to reduce rates, but the inflation data simply does not give him that space without credibility risk.” This sentiment underscores the limited options available to Warsh as he navigates the complex economic landscape.
The Federal Reserve is currently operating with a restrictive stance, maintaining the federal funds rate within the 3.50% to 3.75% range. Initially, markets had anticipated a gradual easing cycle throughout 2026. However, the persistent nature of inflation, coupled with the energy shocks reverberating through the system, has curtailed these expectations.
Nigel Green elaborates on the unique challenges Warsh faces: “This is not a normal situation. You have an oil-driven inflation shock layered on top of already sticky services inflation. This means any aggressive rate cuts would look premature to markets and could easily re-ignite price pressures.” This assessment highlights the delicate balance Warsh must strike between managing inflation and responding to political and market pressures.
Adding to the complexity is the political dimension, with President Donald Trump exerting direct pressure on the Federal Reserve to lower interest rates. Trump has been vocal about his desire for faster monetary easing to bolster growth and reduce borrowing costs. However, Federal Reserve officials, wary of premature cuts, remain cautious. This political tension is now a significant factor in Warsh’s decision-making process.
Green emphasises the political pressures, noting, “Trump is publicly pushing for lower rates, but the Fed is walking into a completely different data environment. Warsh is, therefore, being pulled into a triangle of inflation pressure, political demand and market expectations that don't align.” This scenario underscores the multifaceted challenges facing Warsh as he assumes his new role.
Market dynamics further reflect this tension. Expectations for rate cuts in 2026 have been significantly scaled back, with traders increasingly betting on the Fed maintaining higher rates for an extended period unless there is a sustained decline in both headline and core inflation measures. Bond markets have responded with upward pressure on yields, particularly at the front end, as hopes for near-term easing diminish.
The volatility in oil prices, exacerbated by the Iran conflict, has reintroduced a geopolitical inflation premium into global markets. This situation has increased costs across transport, manufacturing, and consumer sectors, widening the gap between headline inflation and the Fed’s target, thereby complicating any potential policy shifts.
Green summarises the constrained environment Warsh faces: “He’s not walking into a neutral environment where he can choose the direction of rates. He’s walking into an inflation regime that is still active, a political environment that is pushing the opposite way, and a market that is already pricing volatility in both directions.” This statement encapsulates the challenging landscape Warsh must navigate.
The implications for investors are significant, with heightened uncertainty across rates, currencies, and risk assets. The expectation of prolonged higher rates is contributing to tighter financial conditions, affecting mortgage costs, corporate refinancing, and equity valuations, all of which are adjusting to a less supportive rate environment.
Reflecting on the situation, Green concludes, “I suspect that Kevin Warsh is going to be cornered. Inflation is too high to cut aggressively, Trump is pushing for easing, and markets are no longer confident about timing.” This assessment underscores the complex web of economic, political, and market forces Warsh must contend with as he leads the Federal Reserve through these turbulent times.
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Nigel Green, CEO of the deVere Group, one of the world’s leading independent financial advisory organisations, has issued a stark warning about the challenges facing Warsh as he steps into his new role." 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In a climate of escalating inflation and geopolitical tensions, the newly appointed Chair of the Federal Reserve, Kevin Warsh, finds himself in a precarious position regarding interest rate adjustments. Nigel Green, CEO of the deVere Group, one of the world’s leading independent financial advisory organisations, has issued a stark warning about the challenges facing Warsh as he steps into his new role.
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The budget, which seeks to address productivity and capacity building, comes at a time of heightened global economic uncertainty.
" ["fulltext"]=> string(3476) ""This is a decade-defining budget for Australia, explicitly pivoting toward productivity and long-term capacity building at a time of rising global shocks," said Bhimavarapu. The government's approach marks a shift from short-term stimulus to structural reform, aiming to strengthen the nation's economic foundations.
The budget introduces significant changes, including cutting hundreds of tariffs and simplifying regulations in key sectors such as electricity markets. These reforms are designed to streamline processes and reduce costs for businesses, fostering a more conducive environment for growth. Additionally, the government has earmarked substantial funds for infrastructure spending across housing, transport, and healthcare, targeting critical supply bottlenecks.
One of the standout elements of the budget is the comprehensive housing package. Bhimavarapu highlighted the significance of this initiative, noting, "The housing package in particular stands out; calibrated changes to negative gearing and CGT alongside infrastructure support for new builds, which goes directly to the core of Australia’s affordability and capacity constraints." By addressing these issues, the government aims to alleviate pressure on the housing market and improve affordability for Australians.
The budget's focus on long-term growth is evident in its restraint from excessive short-term spending. Bhimavarapu pointed out, "From a policy perspective, the restraint is critical. The targeted tax relief and supply-side focus may allow the RBA to pause in June, but this is not a clean handover, the Bank will remain vigilant as inflation risks from energy and construction continue to linger." This cautious approach reflects the government's awareness of the ongoing inflationary pressures and the need for sustainable economic management.
Despite the budget's emphasis on long-term strategies, challenges remain. Bhimavarapu warned that inflation risks, particularly from the energy and construction sectors, could persist. "In our view, this keeps the broader tightening cycle intact: we continue to expect two additional rate hikes this year, even as growth softens and the unemployment rate trends higher toward 4.8% by year-end," he stated. This prediction underscores the delicate balance the government must maintain between fostering growth and controlling inflation.
The budget's impact on the Reserve Bank of Australia's (RBA) monetary policy is also a point of interest. The targeted tax relief and supply-side measures may provide the RBA with some leeway to pause interest rate hikes temporarily. However, the central bank is expected to remain vigilant, closely monitoring economic indicators to ensure stability.
As Australia navigates a complex global economic landscape, the Federal Budget's strategic focus on productivity and infrastructure development aims to position the nation for sustained growth. By addressing key constraints and implementing structural reforms, the government seeks to enhance Australia's economic resilience and competitiveness in the years to come.
The budget reflects a recognition of the challenges posed by external shocks and the need for a proactive approach to economic management. While the path ahead may involve navigating uncertainties, the government's commitment to long-term capacity building offers a promising outlook for Australia's economic future.
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In a decisive move to bolster Australia's economic resilience, the latest Federal Budget has been described as "decade-defining" by Krishna Bhimavarapu, APAC Economist at State Street Investment Management. The budget, which seeks to address productivity and capacity building, comes at a time of heightened global economic uncertainty.
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This growing concern is reflected in a noticeable surge in online searches related to flight cancellations, airline safety, and travel disruptions, according to data from travel eSIM service Saily.
" ["fulltext"]=> string(3553) "Vykintas Maknickas, CEO of Saily, sheds light on the situation, explaining that while mass flight cancellations are unlikely, the uncertainty is affecting traveller behaviour. "People often assume that rising fuel prices immediately mean flights will stop operating, but that’s usually not how airlines react," he says. "In most cases, airlines adjust through higher ticket prices, route changes, longer flight paths, or reduced frequencies rather than canceling entire operations. But for travellers, even small disruptions can create a lot of stress."
This stress is prompting travellers to adopt more cautious strategies as they plan their summer holidays. Many are opting for direct flights, steering clear of short layovers, and purchasing travel insurance earlier than usual to mitigate the risk of delays or unexpected disruptions. The sentiment of caution is echoed by industry analysts, who warn that if fuel prices remain high throughout the summer, passengers could face more expensive last-minute tickets, reduced flight frequencies on certain routes, longer travel times due to rerouted flights avoiding restricted airspace, increased congestion at major airport hubs, and more schedule adjustments during peak travel periods.
Maknickas notes the shift in traveller preparation: "Even when flights continue operating normally, uncertainty changes how people prepare for trips. Passengers increasingly want to feel prepared for unexpected situations, whether that means having offline boarding passes ready, avoiding risky layovers, or ensuring they have internet access immediately after landing abroad."
The heightened anxiety among travellers is also a reflection of broader fatigue stemming from several years of strikes, staffing shortages, extreme weather events, and operational disruptions that have plagued airports and airlines worldwide. This history of instability has led many passengers to prioritise flexibility and preparedness when planning trips abroad.
In response to these concerns, Maknickas offers a checklist for the new summer travel season. He advises travellers to download boarding passes and hotel confirmations offline, avoid very short layovers during peak travel periods, monitor airline updates before departure, prepare backup payment methods, and save important travel documents on their devices before flying. Additionally, he suggests allowing extra buffer time for airport connections to accommodate any unforeseen delays.
While experts do not currently anticipate widespread shutdowns of international air travel, the rising operational costs and geopolitical instability are expected to continue impacting the overall travel experience throughout the summer months. Travellers are advised to stay informed and prepared as they navigate these challenges in the coming weeks.
The aviation industry is no stranger to fluctuations in fuel prices and political tensions, but the current climate is testing its resilience once again. As airlines strive to maintain operations amid these challenges, passengers are left to grapple with the uncertainty that accompanies international travel in such a volatile environment.
Maknickas concludes with a reminder that while the situation may seem daunting, being well-prepared can alleviate much of the stress associated with travel disruptions. "Preparation is key," he emphasises. "By taking proactive steps, travellers can ensure they are ready for whatever the summer travel season may bring."
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As the summer holiday season approaches, travellers are becoming increasingly anxious about potential flight disruptions due to soaring aviation fuel prices and escalating geopolitical tensions. This growing concern is reflected in a noticeable surge in online searches related to flight cancellations, airline safety, and travel disruptions, according to data from travel eSIM service Saily.
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"" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#11436 (33) { ["id"]=> int(4) ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> int(2351) ["ordering"]=> int(1) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#11065 (3) { ["data":protected]=> object(stdClass)#11063 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#11064 (3) { ["data":protected]=> object(stdClass)#11092 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#11424 (33) { ["id"]=> int(6) ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> int(2351) ["ordering"]=> int(2) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#11060 (3) { ["data":protected]=> object(stdClass)#11094 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#11091 (3) { ["data":protected]=> object(stdClass)#11096 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) 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object(stdClass)#11101 (1) { ["options"]=> object(stdClass)#11099 (2) { ["options0"]=> object(stdClass)#11098 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#11100 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#11095 (3) { ["data":protected]=> object(stdClass)#11103 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) 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["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#11102 (3) { ["data":protected]=> object(stdClass)#11107 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#11444 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#11104 (3) { ["data":protected]=> object(stdClass)#11109 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#11106 (3) { ["data":protected]=> object(stdClass)#11111 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(98) "/invest-money/economy/flight-disruptions-feared-as-fuel-prices-soar-and-geopolitical-tensions-rise" ["image"]=> string(125) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1778932731/pexels-ddlogg-2150483267-34636185_geenmz.jpg" ["image_alt"]=> string(76) "Flight disruptions feared as fuel prices soar and geopolitical tensions rise" } }GDP data prompts State Street expert analysis on cash rate and trade surprises
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