Explore the latest developments concerning There are three.
There are three main reasons inflation is rising. Higher rates won't fix them
The RBA has already lifted the interest rate three times this year. (ABC News: Eric Hao Zheng)
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to "cure" a range of ills.
Whether through leeches or lancets, practitioners drew blood from the patient to rebalance their humours in hopes of a cure.
Perhaps most famously, the USA's first president, George Washington, had more than one-and-a-half litres of blood removed in an attempted cure for epiglottitis that likely caused, or at least hastened, his death in 1799.
Fortunately for us, the practice fell out of favour as medical science progressed in the 19th century, and is now restricted to a few specific diseases where it has been shown to help.
Macquarie says RBA’s hawkishness points to all but certain rate rise
Macquarie says its analysis of the language used by Reserve Bank of Australia officials showed increasing hawkishness after they met last month and decided not to increase interest rates, and bond markets are almost certain the central bank will raise the official cash rate in two weeks.
The broker’s comments come as the Federal Reserve is set to raise interest rates this week for the first time in three years to tackle a rise in inflation triggered by higher oil prices caused by the Middle East conflict.
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RBA warning as 76pc market surge flags fifth rate hike
RBA Governor Michele Bullock is between a rock and a hard place with rates, inflation, jobs and the economy. Picture: NewsWire / Nikki Short
Aussies are being warned to brace for a brutal double rate hike as market pricing peaks for a fourth rise in days – and a hidden tax trap threatens to force the Reserve Bank into a horror fifth spike.
After cutting rates three times in 2025 – which it un-did with three hikes in early 2026 – the Reserve Bank now finds itself pressured by long-term interest rate pricing, with traders already looking well beyond the next move.
Institutional traders went from a 50/50 coin flip on August 31 to an overwhelming 76 per cent expectation of a September rate hike. (Source: ASX)
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