Households are in a strong enough position to handle a rise in interest rates, Josh Frydenberg says, as the RBA appears to be losing patience with inflation.
The March ANZ job advertisement series is likely to point to a further decline in the jobless rate and quicker than being predicted by the RBA and Treasury.
There were no red faces after tame ASX movement on April Fools' Day, although investors may be nervous about the Reserve Bank rates forecast next week.
Soaring commodity prices and the prospect of higher interest rates for banks have helped the Australian share market post its best month in the past 16.
The Australian share market has closed at its highest level in more than two months, buoyed by gains in materials, energy and utility stocks amid soaring commodity prices.
Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia’s wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.