Severe weather warnings for parts of NSW and Victoria – as it happened This blog is now closed The Guardian - AU · Sep 4, 2024
Now the Australian economy is on its knees, will the RBA finally start cutting interest rates? So far we have not gone into recession – but only because our population has grown and the government has kept spending The Guardian - AU · Sep 4, 2024
Economy stuck in slow lane as households tighten belts The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption. AAP · Sep 3, 2024
The Impossible Trinity: Why Countries Can't Have It All The essence of the impossible trinity is that a country can successfully achieve only two of these goals at any one time. Kiplinger · Sep 3, 2024
Asian Markets Drift Lower Ahead Of Key US Figures, Eyes On China The Federal Reserve is widely expected to cut interest rates at its next meeting this month but close attention is being paid to Friday's non-farm payrolls (NFP) figures, which are seen as playing a major role in how big the central bank will go. Latin Times · Sep 3, 2024
Which are the most influential events that shape financial markets? The financial markets are constantly changing and once profitable instruments fall behind, while others rise to all-time highs. Keeping track of market shifts can be quite difficult, even for institutional investors using AI and unexpected turnarounds and shifts often lead to billions of dollars in losses. inkl · Sep 3, 2024
Gloomy growth, interest rates sore points for Treasurer The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation. AAP · Sep 2, 2024
Could the US Government Fiscal Year-End Fund Your Trading Account? The US government's fiscal year significantly impacts financial markets because the federal budget process influences economic policy, government spending, and fiscal stability. As the fiscal year draws to a close on September 30, market participants closely monitor budget negotiations, potential government shutdowns, and funding decisions, which can create uncertainty and… Barchart · Sep 2, 2024
Could the US Government's Fiscal Year End Fund Your Trading Account? The US government's fiscal year significantly impacts financial markets because the federal budget process influences economic policy, government spending, and fiscal stability. As the fiscal year draws to a close on September 30, market participants closely monitor budget negotiations, potential government shutdowns, and funding decisions, which can create uncertainty and… Barchart · Sep 2, 2024
After working for the RBA for 30 years, here’s how I’d make it more accountable How can we tell if the Reserve Bank of Australia – which sets the interest rates that shape our national and household budgets – is doing a good job? The Conversation · Sep 2, 2024
Dollar Gains and Gold Falls on the Outlook for Less Aggressive Fed Easing The dollar index (DXY00 ) Friday climbed to a 1-1/2 week high and finished up by +0.37%. The dollar found support from Friday’s US personal spending and the core PCE reports, which dampened speculation the Fed will cut interest rates by 50 bp at next month’s FOMC meeting. The dollar... Barchart · Aug 30, 2024
Dollar Strengthens on Positive US Economic News The dollar index (DXY00 ) today is up by +0.17% at a 1-1/2 week high. The dollar is finding support from today’s US personal spending and the core PCE reports, which dampened speculation the Fed will cut interest rates by 50 bp at next month’s FOMC meeting. The dollar is... Barchart · Aug 30, 2024
ECB mulls second interest rate cut as eurozone inflation falls to 2.2% Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concern The Guardian - UK · Aug 30, 2024
S&P Futures Climb on Fed Rate Cut Hopes, U.S. Inflation Data in Focus September S&P 500 E-Mini futures (ESU24) are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge. Barchart · Aug 30, 2024
The Conversation · Aug 30, 2024 Politics with Michelle Grattan: Reserve Bank’s Andrew Hauser says don’t read too much for Australia from US rates message Inflation remains top of mind as the Reserve Bank of Australia continues to keep interest rates on hold at a time when the United States Federal Reserve signals that it will start cutting rates.
Top News · Aug 29, 2024 US Unemployment Claims Fall Slightly Amid Healthy Labor Market Latest Labor Department report shows slight decrease in jobless claims, hinting at a healthy U.S. labor market despite rising interest rates.
Top News · Aug 29, 2024 US Jobless Benefits Applications Fall Modestly, Labor Market Healthy US labor market resilience shown by decrease in jobless benefit applications despite high interest rates.
Latin Times · Aug 29, 2024 Tech Weighs On Asian Markets After Nvidia Results While the report beat expectations in many areas, it took the wind out of the sails for traders, who had been enjoying a run-up on the prospect of US interest rates coming down from next month.
Barchart · Aug 29, 2024 1 Penny Stock That Could Surge on a Fed Rate Cut Opendoor trades 94% below all-time highs, meaning the penny stock has trailed the broader markets by a wide margin. Can OPEN stock stage a comeback in the next 12 months with interest rates set to move lower?
inkl · Aug 29, 2024 Why Nvidia’s Earnings Report Could Be More Important Than the Fed’s Next Move In August 2023, the U.S. Federal Reserve decided to keep interest rates steady at a 23-year high of 5.33%. With inflation slowing down and the unemployment rate slightly rising, many believe that the Fed will cut interest rates in its upcoming meeting on September 17-18.
The Conversation · Aug 28, 2024 Labour or leisure? Why a universal basic income might foster wellbeing but not productivity The current cost-of-living crisis, high interest rates and the ensuing economic contraction have disproportionately hit low-income households. And for many low-income workers, the future remains uncertain.
AAP · Aug 28, 2024 Bank chiefs don't rate a quick end to costs crunch Interest rates might have reached their peak but the head of Westpac says many households are still grappling with tight budgets.
The Conversation · Aug 28, 2024 The RBA is making confusion about inflation and the cost of living even worse There’s a paradox about the way we respond to threats to the cost of living.
Barchart · Aug 27, 2024 Dollar Weakens on Fed Rate Cut Prospects The dollar index (DXY00 ) Tuesday tumbled to a 13-month low and finished down by -0.27%. Recent Fed comments and Fed-friendly economic news seemed to confirm that the Fed will begin cutting interest rates next month, a negative factor for the dollar. Also, strength in the British pound (^GBPUSD )...
International Business Times · Aug 27, 2024 Nearly 1 In 3 UK Residents Miss Payments As Mortgage Arrears Soar By 50% Amidst Rising Interest Rates More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year.