Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.
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ANALYSIS: The Federal Reserve has confirmed a US recession is ‘certainly a possibility’, while our neighbours across the ditch appear to be halfway there.
As the Australian economy is hit with waves of uncertainty both domestically and abroad, the RBA has warned Aussies to prepare for more interest rate increases.
The falling trend of consumer confidence continues in June, reaching near recessionary levels off the back of high inflation and rising interest rates.
ABS data shows spending continues upward, with the categories of furnishings and household equipment, hotels, cafes and restaurants and transport reporting the largest increases.
When purchasing a property as an investment, the vast majority of Australians require some form of finance to help secure their purchase - but what about taking out a loan for other investments?
In a week where the RBA's 50 basis point cash rate increase stole the limelight, a number of banks increased term deposit products by up to 150 basis points.