Rising cost of living hammers renters and mortgage belt Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs. AAP · Aug 6, 2024
Can Lumber Sustain a Recovery? Physical lumber prices have recovered after a significant Q2 decline as the market expects lower inflation to lead to falling short-term interest rates. However, the peak construction season will be in the rearview mirror in the coming months, so the wood futures market may have to wait until spring 2025… Barchart · Aug 6, 2024
The RBA left interest rates on hold – but don’t get your hopes up for a cut any time soon Governor Michele Bullock makes clear that any expectation of rate cuts this year ‘not aligned’ with bank’s present thinking The Guardian - AU · Aug 6, 2024
Carry trades: How this week’s global ‘market Armageddon’ unfolded Markets recovered much of their losses on Tuesday The Independent UK · Aug 6, 2024
Wall Street rallies after rout, as Goldman Sachs warns correction hasn’t gone far enough – as it happened Japan’s Nikkei bounces back with a 10% surge, as Fed officials try to reassure markets that US is not in recession The Guardian - UK · Aug 6, 2024
Australian borrowers spared interest rate rise but RBA governor warns cut ‘not on the agenda’ in near term The RBA has left the cash rate on hold at 4.35% for a sixth meeting in a row, but says inflation is proving persistent The Guardian - AU · Aug 6, 2024
Asian Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting. International Business Times · Aug 6, 2024
Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street Japan's benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street, while other world markets appeared to have settled after the rollercoaster ride that started the week The Independent UK · Aug 6, 2024
Fed Under Pressure To Cut Rates As Market Turmoil Continues The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision. International Business Times · Aug 5, 2024
Solana suffers 30% weekly drop as alt-coins hammered in crypto crash Fringe coins are feeling the brunt of the cryptocurrency market's mass liquidations over recent days. Fortune · Aug 5, 2024
Federal Reserve Considers Emergency Rate Cut Amid Economic Uncertainty Learn how the Federal Reserve conducts meetings to adjust interest rates in response to economic conditions, as seen during the COVID-19 pandemic. Top News · Aug 5, 2024
Global Central Banks Begin To Trim Interest Rates Global inflation rates are falling, prompting central banks to consider interest rate cuts. Federal Reserve in the US yet to act amidst market speculation. Top News · Aug 5, 2024
Federal Reserve Faces Pressure To Cut Rates Amid Economic Concerns The Federal Reserve's decision not to lower interest rates despite economic concerns sparks criticism and urgency for proactive measures. Top News · Aug 5, 2024
To hike or to hold? The case for each as RBA weighs interest rate decision Inflation has been stubborn but the Reserve Bank has much to consider for its cash rate announcement at 2.30pm on Tuesday The Guardian - AU · Aug 5, 2024
The Guardian - UK · Aug 4, 2024 A simple solution to Rachel Reeves’ spending cuts? Stop subsidising the banks A £22bn ‘black hole’ could be filled overnight if Labour stopped paying unnecessarily high interest on balances at Threadneedle Street
Kiplinger · Aug 2, 2024 Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon.
The Guardian - UK · Aug 2, 2024 Don’t be fooled by the interest rate cut – higher rates are here to stay Mortgage payers and business owners vainly hope cut to 5% signals return to pre-pandemic era of cheap borrowing
Top News · Aug 2, 2024 US Treasury Yields Plummet Following Jobs Report Release US Treasury yields drop below 4%, hinting at Fed rate cuts. Borrowers and homebuyers may benefit from lower interest rates.
The Independent UK · Aug 2, 2024 US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs
Top News · Aug 1, 2024 US Economy Weakens As Interest Rates Stay Stock markets declined on Thursday due to economic concerns and potential Fed rate cuts, impacting jobless claims and investor sentiment.
The Independent UK · Aug 1, 2024 Wayfair CEO says home good sales decline is reminiscent of 2008 recession High interest rates combined with inflation have contributed to a slowdown in home furnishing and good sales
Kiplinger · Aug 1, 2024 The Fed Is About to Cut Rates. What Should Investors Do? Investors may want to take stock of their portfolios once the Federal Reserve starts lowering interest rates.
The Conversation · Aug 1, 2024 Just nine people decide what happens to UK interest rates - but pressure for change is mounting The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…
The Guardian - UK · Aug 1, 2024 Relief for borrowers as UK interest rates cut but little sign big reductions to come Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%
Top News · Aug 1, 2024 Bank Of England Cuts Interest Rates For First Time Bank of England cuts interest rates to 5% to address economic slowdown and lower inflation, impacting housing market and inflation risks.