Good morning,

KPMG Australia chief executive Andrew Yates has warned the current misalignment between big business and the federal Labor government is a risk to Australia’s economic future and would further dampen poor productivity. 

Meanwhile, the US Federal Reserve has cut rates by a bolder half percentage point, hoping it will prevent a gradual cooling in the labour market from turning into a deeper freeze.

And six decades of history suggests any proposal to allow people to withdraw superannuation for a home deposit will worsen the housing affordability crisis not improve it, economist Saul Eslake claims in a Super Members Council report.