Australia’s economy remained under pressure in October after a surprise lift in inflation dampened hopes of a rate cut and even had some economists suggesting the next move could be an increase.
Headline CPI rose to 3.2% in the September quarter, up from 2.1% in June, marking the strongest quarterly rise in more than two years. The higher-than-expected result sparked the biggest daily fall in the Australian share market in two months. In the US, Wall Street finished the month on a quieter note, with mixed results as investors weighed the likelihood of no further rate cuts this year alongside optimism about US-China relations following a positive leaders’ meeting.
The Australian dollar ended the month firmer at around US65.4c, recovering some of the ground lost earlier in the fortnight. Unemployment rose to 4.5% in September, the highest level in nearly four years.
In November’s articles, we cover:
- Super tax changes: From 1 July 2026, earnings on very large super balances may face a higher tax rate. Most people won’t be affected, but if you’re near the threshold, it’s worth checking your position and options.
- Your retirement, your way: Start with the life you want – travel, part-time work, family, volunteering – then shape contributions, investments and debt to support it. Small choices now can add real flexibility later.
- Divorce and your finances: Separation can reshape your money – assets and super may be split, expenses rise, and tax/legal steps matter – so get a clear picture, set a new budget, and seek advice early.
As always, if you have any questions, don’t hesitate to get in touch.