Tuesday 30th May 2023

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The timetable to sign off the agreement to raise the US debt ceiling is very tight. Does it matter if it’s a day or two late? "Not really", says NAB’s Tapas Strickland in today’s podcast, although it might make the markets nervous for a while. A bigger question is what happens beyond that, as the administration plays catch-up on the issuance of Treasury Bills. Also today, we look at the impact of the Fair Work Commission’s decision on minimum and award wages. At what point does the increase become problematic for the RBA?

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29 May 2023