Economy · Important news for 14 August 2026
U.S. Budget Deficits Surge in July as New Tax Cuts Are Weighed
US Wholesale Prices Flat in July, Falling Short of Expectations
Productivity Commission calls Morrison-era Western Australia GST deal a costly mistake
Trump administration pivots to renewed economic sanctions and naval blockade on Iran
Stocks Rise as Traders Reduce Rate Hike Bets and Oil Prices Drop
Broader financial markets experienced gains as traders scaled back their rate hike expectations alongside a drop in oil prices.
- Traders reduced rate hike bets.
- Oil prices dropped while stocks rose.
New lending to property investors in Australia falls sharply by nearly nine percent
U.S. household debt falls for the first time in six years
Oil prices decline amid weakening demand outlook and US inventory builds
US clean energy investment surges 22% in second quarter
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