Bullock's battle
In a week where the Coalition's collapse and Donald Trump dominated headlines, RBA governor Michele Bullock's strongest warning yet on the global economy went under the radar.
Michele Bullock usually can't avoid the limelight when the Reserve Bank hands down an interest rate decision. Especially when there’s a much-desired cut to announce, as was the case on Tuesday.
This week, though, the oxygen was quickly drained from the coverage for two reasons.
Firstly, the historic schism between the Nationals and the Liberals shifted much of the national focus away from Sydney's Martin Place and towards Canberra and what remains of the federal Coalition.
And secondly, US President Donald Trump’s “big, beautiful bill” passed the House of Representatives on Thursday night. The bond market was despondent, showing just how concerned investors are about risks in the US economy right now.
