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Fuel Prices, Bonds, and Rate Hikes | Melbourne News

Fuel Prices, Bonds, and Rate Hikes | Melbourne News

Published 5 days, 2 hours ago
Description

Fuel prices could spike 20-30 cents per liter as Middle East tensions drive oil to its highest since May, triggering global market turmoil, soaring US bond yields, and sparking debate over a proposed $5,000 dividend for every adult. Meanwhile, Australia’s Reserve Bank faces mounting pressure to hike rates again in September, signaling a future of higher borrowing costs — all adding up to a cost-of-living squeeze at the pump and beyond.

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