_calls-grow-to-hike-taxes-on-fossil-fuels-to-pay-down-debt.jpg "Calls grow to hike taxes on fossil fuels to pay down debt from consumer price index for industrial workers Video Screenshot Preview")
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✓ Published: 26-Apr-2024
👁 View: 9.2M times
✓ Published: 26-Apr-2024
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There is a call for the government to hike taxes on fossil fuels to pay down the spiralling student HECS debt. Struggling students and graduates are about to be hit by a 4.8 percent hike on their loans thanks to indexation. All eyes are now on the may budget with Labor admitting it needs to do more to help young people saddled with a growing debt at the start of their working lives.
There is a call for the government to hike taxes on fossil fuels to pay down the spiralling student HECS debt. Struggling students and graduates are about to be hit by a 4.8 percent hike on their loans thanks to indexation. All eyes are now on the may budget with Labor admitting it needs to do more to help young people saddled with a growing debt at the start of their working lives.
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_how-the-consumer-price-index-measures-inflation-124-wsj.webp "The Wall Street Journal")
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_key-federal-reserve-inflation-gauge-rose-2-8-in-march.webp "Key Federal Reserve Inflation Gauge , Rose 2.8% in March.<br/>According to Commerce Department <br/>data released on April 26.<br/>the personal consumption expenditures <br/>(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .<br/>That exceeded Dow Jones <br/>estimates of 2.7%, CNBC reports. .<br/>When also accounting for food and energy, the all-items PCE measure rose 2.7%, <br/>which was above the 2.6% estimate.<br/>Inflation reports released this morning <br/>were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>... but investors should not get <br/>overly anchored to the idea that <br/>inflation has been completely <br/>cured and the Fed will be cutting <br/>interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>The prospects of rate cuts remain, <br/>but they are not assured, and the <br/>Fed will likely need weakness in <br/>the labor market before they <br/>have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>Consumers continue to spend despite <br/>higher prices, CNBC reports.<br/>Personal spending increased 0.8% in March, while personal income rose 0.5%.<br/>The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.<br/>The Fed continues to target 2% inflation, which the core PCE has exceeded for <br/>the last three years, CNBC reports.")
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