Grim news coming for interest rates

Alarm bells are being sounded by some economists that there is a “real risk” that the federal budget will force interest rates to be hiked. The 2024 budget has been labelled as “expansionary” or neutral by most economists, with accusations flying that it is working against moves by the RBA to curb inflation. It has pushed back hopes of rate cuts this year, instead fuelling a warning that interest rates could rise instead. Betashares chief economist David Bassanese described the …