Last week, the Reserve Bank kept interest rates on hold, but the decision was followed by a warning that a future rate rise was on the table because prices are still rising too fast. It came as the US and Iran signed an initial agreement to end more than three months of war, which has sent global supply chains into chaos. Meanwhile, Australians are feeling the pinch, and deepening economic disaffection has coincided with rising support for Pauline Hanson’s rightwing One Nation party. Nour Haydar speaks with Greg Jericho about why so many Australians are feeling pessimistic about the economy