Eight more Australians leave West Bank – as it happened This blog is now closed The Guardian - AU · Oct 24, 2023
Heated inflation figures put rate hike firmly in play The Reserve Bank may be forced to lift interest rates again as fresh inflation data suggests the fight is not yet over. AAP · Oct 24, 2023
City bets that interest rates have already peaked as data shows UK economy slowing Markets are pricing in a roughly two-in-three chance that rates have already peaked. Evening Standard · Oct 24, 2023
JPMorgan CEO Jamie Dimon slams central banks for their ‘100% dead wrong’ forecasts and ‘omnipotent feeling’ The Wall Street veteran also weighed in on whether interest rates could go higher. Fortune · Oct 24, 2023
Bond markets are being hit hard — and it's likely to impact you Bonds are being pummeled as investors fear interest rates will stay higher for longer because of high inflation. That will raise borrowing costs across the economy even more. WEKU · Oct 24, 2023
Michele Bullock rules out linking interest rates to employment in first major speech New RBA governor says she’s working with treasury to ‘modernise and clarify’ the bank’s objectives with the focus still on inflation The Guardian - AU · Oct 24, 2023
Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veer Asian shares are mostly higher after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5% The Independent UK · Oct 24, 2023
October dates for benefits, pensions and cost of living payments Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders The Independent UK · Oct 24, 2023
November dates for benefits, pensions and cost of living payments Inflation very gradually easing but many households still struggling The Independent UK · Oct 24, 2023
Rates to lift if inflation outlook in jeopardy: RBA The Reserve Bank "won't hesitate" to raise interest rates further if inflation forecasts come in higher than expected, the central bank's governor says. AAP · Oct 24, 2023
Billionaire hedge funder Bill Ackman is suddenly more worried about a ‘slowing’ economy than inflation—and he’s putting his money where his mouth is “The economy is slowing faster than recent data suggests,” Ackman warned in a Monday post on X, formerly Twitter. Fortune · Oct 23, 2023
The most famous recession predictor of them all has been warning of a downturn—here's how you can prepare The inverted yield curve has predicted nearly every recession in the past few decades. It’s been inverted since last year but where is the downturn? Fortune · Oct 23, 2023
The yield on a 10-year Treasury reached 5% for the 1st time since 2007. Here's why that matters The yield on the 10-year Treasury has reached 5% for the first time since 2007 The Independent UK · Oct 23, 2023
India will remain fastest-growing major economy in FY'24: Finance Ministry report India to remain fastest-growing major economy in FY24; domestic macro fundamentals strong, global headwinds and weather uncertainties pose downside risks. India's outlook bolstered by strong domestic fundamentals, investment demand, industrial growth, reservoir levels and forex reserves. The Hindu · Oct 23, 2023
Barchart · Oct 23, 2023 Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data and Big Tech Earnings December S&P 500 futures (ESZ23) are down -0.76%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.92% this morning as the benchmark U.S. 10-year yield hit 5% for the first time since 2007 while market participants geared up for earnings reports from some of the biggest tech heavyweights as…
The Independent UK · Oct 23, 2023 October dates for benefits, pensions and cost of living payments Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders
The Independent UK · Oct 23, 2023 November dates for benefits, pensions and cost of living payments Inflation very gradually easing but many households still struggling
The Independent UK · Oct 23, 2023 Japan's Kishida plans an income tax cut for households and corporate tax breaks Japan’s Prime Minister Fumio Kishida says he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment
The Conversation · Oct 23, 2023 As treasurer, Bill Hayden set Labor on the path to economic rationalism Former Labor leader and governor-general Bill Hayden, whose death was announced on Saturday, is rightly being remembered for introducing Australia’s first universal healthcare scheme Medibank, which lives on today as Medicare.
AAP · Oct 22, 2023 Spike in petrol prices adding to inflation pain Australian motorists should not expect fuel price relief any time soon due to a weak exchange rate and volatile oil markets
The Guardian - UK · Oct 22, 2023 Christmas shoppers to buy fewer and cheaper items this year as cost of living crisis persists UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analysts
The Guardian - UK · Oct 22, 2023 As a global energy crisis returns, the UK push for a green economy makes even more sense Rishi Sunak’s decision to dilute net zero policies has become even more shortsighted
The Independent UK · Oct 22, 2023 November dates for benefits, pensions and cost of living payments Inflation very gradually easing but many households still struggling
AAP · Oct 22, 2023 Fingers crossed for soft enough inflation numbers Inflation has passed its peak and quarterly data will indicate if prices have been decelerating fast enough for the Reserve Bank to keep interest rates on hold.
The Independent UK · Oct 21, 2023 November dates for benefits, pensions and cost of living payments Inflation very gradually easing but many households still struggling