AAP

NAB says higher inflation, rising interest rates and slower growth are starting to affect both businesses and consumers.

Australian shares have fallen after the US Federal Reserve quashed hopes for a Santa rally when announcing its final rate hike of 2022.

An energy relief package for households and businesses that caps the price of gas has passed parliament.

Energy markets are responding pre-emptively to the federal government's price cap proposal, demonstrating it's already having a dampening effect on prices.

The local share market has advanced 0.7 per cent after a softer-than-expected inflation readout in the US ahead of the final Fed meeting of 2022.

Australia's multi-billion-dollar pipeline of new highways, railway upgrades and other projects is under threat from rising costs and acute labour shortages.

Woolworths has raised $636 million in a selldown of shares in alcohol retailer, hotel and poker machine operator Endeavour Group.

The local bourse has clawed back most of Monday's losses as traders await more US inflation data that will be released in the wee hours.

The eighth interest rate hike in a row has been met with indifference by consumers, with households likely banking on a pause at the next Reserve Bank meeting.

The ASX has started on a weak note, losing 0.45 per cent ahead of a busy period of economic data and central bank meetings.

The ASX has started the week on a weak note, with most sectors down at noon ahead of a busy week of economic data and central bank meetings.

The treasurer says Australia could miss out if it doesn't act fast to improve the conditions for environmentally-conscious investors.

The local share market has finished Friday 0.5 per cent higher, but three midweek days of losses made this its worst week since late October.

Australia's leaders are preparing to meet virtually to discuss how to provide households and businesses with relief from increasing power bills.

The local share market has fallen by 0.75 per cent to an almost three-week low, with gold gaining and oil hitting its lowest level since early January.

The Labor government has detailed how it will fix Australia's "flawed" laws for nature, with development decisions to be passed to an independent adjudicator.

Swiss multinational Glencore is reviewing how its plan for a new $2 billion coal mine in central Queensland fits with its aims to cut emissions to net zero.

The local share market has fallen 0.85 per cent, its biggest drop in a month amid fears the US Federal Reserve may keep hiking interest rates aggressively.

Australia's defence and foreign affairs ministers are in Washington DC for annual ministerial talks with their United States counterparts.

The local share market dropped by 0.47 per cent on Tuesday after the Reserve Bank of Australia hiked interest rates to the highest level in 10 years.

Experts expect the Reserve Bank to lift interest rates again in December, but there's also a chance it could finally hit the brakes.

The local bourse finished up 0.3 per cent, boosted by the likes of Fortescue, BHP and Rio Tinto as iron ore prices rose amid hopes of China's further reopening.

Labor leader Anthony Albanese has ­enjoyed a surge in support as preferred prime minister, the latest Newspoll shows.

Despite giving back most of Thursday's gains, the ASX has finished the week up 0.6 per cent to notch its fifth winning week in the past six.

The federal government's workplace relations changes, which will introduce multi-employer bargaining, have been waved through parliament.

The local share market has risen 1.0 per cent to a fresh seven-month high after Jerome Powell suggested the Fed might soon moderate its rate-hiking campaign.

The manufacturing sector has finally contracted after three months of flatlining, in a sign that less than favourable economic conditions are now hurting.

The local share market has closed up 0.4 per cent, bouncing back from its early losses after consumer prices rose less than expected in October.

Scott Morrison has become the first former prime minister to be formally censured in parliament over his secret ministry appointments.

The annual inflation rate has fallen to 6.9 per cent after the release of consumer price index data for October, after hitting 7.3 per cent the month before.

The local share market has climbed higher in afternoon trading after a listless morning, on hopes that China might relax its zero-COVID lockdowns.

Federal parliament is set to invoke a rare censure motion against Scott Morrison over the way he secretly appointed himself to ministerial portfolios.