The RBA forecasts inflation to only return to its 2 per cent to 3 per cent target by mid-2025. It has raised the cash rate by 3.75 percentage points in a year, the fastest pace in a generation, to quell price pressures. Minutes of the May policy meeting revealed the RBA warned of upside risks to the inflation outlook and indicated it was ready to lift interest rates again. In fact, bond traders have slightly ramped up bets for an increase in the cash rate to 4.1 per cent, ascribing a 64 per cent probability of a move by August, up from 48 per cent before the data. “It would be surprising to see the RBA hike in June after this.” “The unemployment rate seems to show progress towards the RBA’s unemployment forecasts, but this labour market data is volatile from month to month,” said Justin Tyler, founder of bond boutique Daintree Capital. The jobless rate unexpectedly ticked up to 3.7 per cent from its near-five-decade low of 3.5 per cent. The Australian three-year yield added 2 basis points to 3.2 per cent and the 10-year rate also ticked up 2 basis points to 3.5 per cent.Įmployment surprisingly dipped 4300 in April from March, after two months of hefty gains, against forecasts of a rise of 25,000, data from the Australian Bureau of Statistics showed. Government bond yields initially fell before they resumed their onward march tracking US treasuries on optimism over US debt ceiling talks. Some economists have pushed out their expectations for another rate rise to August. The local dollar slipped 0.3 per cent on the day to US66.47¢, having dipped as far as US66.29¢ after the data.
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This is a great option for long distance couples, friends and families who already use Watch2Gether as they don’t need to learn or download any new tech for their virtual get togethers.The Australian dollar drifted lower after a softer-than-expected jobs report reinforced expectations the Reserve Bank will stand pat on interest rates next month after its surprise increase to 3.85 per cent in May. This app is free, and like some of the others, integrates a chat room into the experience so you can chat while listening together. There are other cool options for video content too! Check out our post on the best ways to watch movies together online with friends and family. The website lets you and your long distance loved ones browse music or music videos together on Vimeo or YouTube (there’s also extended options for movies!). Watch2Gether is another video streaming app that has integrated music.
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Download the AmpMe app and create an account.
We think this is a great idea for long distance album-listening parties! The app integrates with Spotify, YouTube, and SoundCloud and is launching a feature that lets you video chat with friends while listening to music together. Since then, the AmpMe team has embraced its identity as a service for in-sync long distance music streaming! Users had other ideas when they realized that you don’t need to be with other people to listen to music together. AmpMeĪmpMe was originally created as a clever way to amplify your phone’s volume by syncing it to other devices. Once everyone is in the rave, you can begin chatting and sharing your music, mash ups, and mixes. People can join the stream once they have downloaded the desktop or mobile app and registered. You can also add friends to the streaming party via the “+” icon.Add friends using the “Friends” section under the menu icon.Once logged in, create a “rave” or music streaming party.Register using a Google, Facebook, or Twitter account.
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