Luke speaks again with Warren Hogan, managing director of EQ Economics & economic adviser to Judo Bank, regarding warnings surfacing about the potential consequences of the federal budget, particularly with regards to the possibility of interest rates surpassing 4.1 percent. Such an outcome could lead to significant financial hardships for Australians.

It’s been noted that Treasurer Jim Chalmers’ expansionary budget aims to boost the economy by 1.5 percent over the next two years through increased funding with suggestions that the Reserve Bank of Australia may be inclined to raise interest rates once, or potentially even twice, in the near future.

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