The Reserve Bank of Australia maintained its benchmark policy rate at 4.1% despite lower-than-expected inflation, aiming for sustainable progress towards the target range of 2%-3%. RBA expressed caution due to global uncertainties like U.S. tariff announcements and emphasized the need for a gradual approach to monetary policy to achieve inflation targets. Australia’s GDP grew at 1.3% year on year in Q4 2024, with RBA Governor Michelle Bullock stressing the importance of sustained inflation within the target range.
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Three killed in shooting at popular Target store
Three people were fatally shot outside a Target store on Research Parkway in Austin, Texas, on August 11, 2025, at around 2:15 PM. The suspect, a 32-year-old white male with a possible mental health history, was detained after stealing two vehicles and crashing; authorities confirmed the tragic incident, leaving the community in mourning. Want More Context? 🔎
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