Inflation spikes ahead of Black Friday spending spree | Close of Business // TRAIN BRAIN

Inflation spikes ahead of Black Friday spending spree | Close of Business

An estimated $6.8 billion Black Friday splurge is happening in Australia, but there are warnings about the buy-now-pay-later debt trap.
Markets are now betting on a potential interest rate hike from the Reserve Bank next year after the ABS released stronger-than-expected inflation figures.
The banking regulator APRA is clamping down on risky loans, while gig workers from Uber Eats and Doordash have reached an historic agreement with the help of the Transport Workers Union to receive guaranteed minimum pay rates.
Also, in the program, the price of bitcoin plunged 30 per cent in November.
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Close of Business is presented by David Chau.
00:00 - Black Friday sales 'pressure' pushing some Australians into debt.
03:16 - Rate cut hopes dashed by stronger-than-expected inflation figures.
06:49 - AMP Chief Economist Shane Oliver says there's still a chance rates might go down.
13:18 - Banking regulator to cap home loans amid housing boom.
16:45 - Food delivery companies strike historic wage and safety deal.
18:37 - Economic futurist Evan Lucas with market analysis
22:41 - Bitcoin enthusiasts converge at Sydney's Crypto Con as crash unsettles market.
26:25 - Goodbye from David Chau.
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ABC News In-depth

Welcome to ABC News In-depth, where you'll find our long-form journalism and explainers to help you understand what's going on in the world around you. You'll find all your favourite ABC News programs: Four Corners, Foreign Correspondent, Australian Stor...

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