Another rate rise anticipated in May as employment gains fail to cool economy

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Mortgage owners are being warned that another rate rise in May looks incredibly likely.

Economists say yesterday’s unexpectedly strong employment gains have done little to cool the economy.

The unemployment rate remains steady at 3.5 per cent – after 53,000 people found work last month – bypassing forecasts of 20,000.

 

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Imagine being one our clownworld leaders. Racked up a Trillion in debt with nothing to show for it, was paying say 2% or $20 billion interest yearly, soon to be paying 5% or more. Now we’re you going to find a spare $30 billion? Most states are in as much trouble.

Good, inflation sucks.

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