Inflation falls but no rate cuts, Woolies downgrades profit, big spending by super funds

Thursday 31 October 2024

After three-and-a-half years inflation falls back under three per cent but don’t expect a rate cut. 

And more, including:

• Woolworths downgrades its profit outlook on the back of too many discounts. 

• Superannuation funds spend $400 million of members' money on marketing expenses

• Afterpay co-founder Anthony Eisen is leaving Block, the company that bought Afterpay in a record $39b deal

• And plenty going on in markets and the US election. 

Plus don’t miss the new episode of The Property Pendulum, brought to you by Domain and Fear & Greed. This week’s episode: is now the time to buy? Get it from APPLE, SPOTIFY, or anywhere you listen to podcasts.

Find out more: https://fearandgreed.com.au

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