Australia's real interest rate is among the lowest in the G20 club of major economies
Do you think interest rates are high? New figures show the pressure in Australia is less severe than in many other major economies.
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Most Asian stocks hold, Japan interest rate fears weaken Nikkei
Nikkei tumbles as markets ponder risk of higher interest rates; China wants to lower mortgage interest rates as part of its economic stimulus programs; Fed Chairman Powell speaks before salary test.
Finance Minister Jim Chalmers advocates lower debt as policy rate decision nears
Finance Minister Jim Chalmers claims Australia has reduced its debt by $149.1 billion through “restraint” and “responsible economic management” since he took control of the government’s books two years ago.
Wall Street slides after rally triggered by interest rate cuts
Wall Street's major indices fell as investors held back after a rally in the previous trading session sparked by an excessive rate cut by the U.S. Federal Reserve. The S&P 500 and Dow were near record highs and were on track for weekly gains of over one percent, as was the tech-heavy Nasdaq.
Oxford Economics warns: No interest rate cut in Australia until Q2 2025
Australian homeowners have been suffering from high interest rates for years and a leading economist warns that this stress is not going to end anytime soon.
Wall Street cautious as hot producer price index suggests smaller rate cut
There was little change on Wall Street after positive producer price data kept the possibility of a smaller 25 basis point interest rate cut by the US Federal Reserve on the table, while shares in vaccine maker Moderna slumped following a pessimistic sales forecast. The producer price index (PPI) for final demand rose 0.2 percent … Read more
Employment rate in the US recovers slightly and unemployment rate falls
U.S. employers' hiring increased slightly in August from a sluggish pace in July, and the unemployment rate fell for the first time since March, a sign that the labor market is cooling but remains stable. According to a nonfarm employment report released Friday by the U.S. Department of Labor, employers added 142,000 new jobs in … Read more
Wall Street closes higher as Fed minutes reiterate rate cut hopes
All three major U.S. stock indices closed slightly higher on a day that supported expectations of a rate cut in September.
RBA signals that rate cut is still some time away
According to the minutes of the last board meeting two weeks ago, the bank considered raising interest rates but concluded that “the arguments for leaving the key rate unchanged at this meeting were stronger.”
Unemployment rate rises slightly to 4.2 percent as labor market cools
Australia's unemployment rate rose slightly to 4.2 percent, although nearly 60,000 people found jobs this month.