The Loop: Why interest rates are rising, PM to visit flood-affected NSW, protester targets hot-dog-eating competition

Here's your TL;DR for today's news.

Here's what's in store, weather-wise:heavy rain moves northThe weather bureau expects the largest falls to be over the Hunter and Central Coast, before the system heads further north tonight.

From tomorrow, the focus of the heaviest rainfall is expected to be over the state's Mid-North Coast.Australians are searching for 'Joey Chestnut'Jaws downed 63 hot dogs and buns, while Miki Sudo chomped 40 franks to win the women's event.who rushed the stage with a sign saying: "Expose Smithfield's Deathstar."Watch

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