Jerome Powell
Opinion
Inflation
Why this glimmer of hope has Wall Street very excited
At last there’s some good news on US inflation that raises hopes of interest rate cuts. But the excitement might be premature.
- by Stephen Bartholomeusz
Latest
Opinion
Interest rates
Why no news from the Fed is good news
The US central bank is sticking to the “higher for longer” interest rate scenario factored into financial markets, while downplaying the prospect of widely feared rate hikes.
- by Stephen Bartholomeusz
Updated
Federal Reserve
Red flag: Fed chief signals interest rates to stay higher for longer
Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the “greater confidence” needed for them to kick off interest rate cuts.
- by Howard Schneider
Opinion
Federal Reserve
Trump’s think tanks are planning an assault on the Fed’s independence
If Donald Trump regains the US presidency, his policies will clash with the Federal Reserve Board’s key mandate of providing price stability.
- by Stephen Bartholomeusz
Updated
Sharemarket
ASX retreats as losing streak hits five days
The Australian sharemarket retreated in late trading to finish in negative territory for the fifth consecutive session despite making up some of the ground it had lost over the past week.
- by Sumeyya Ilanbey
Opinion
US Votes 2024
‘RAGING!’ Trump pounces as Biden gets some bad news
Joe Biden’s hopes of staying in the White House have been dealt a further blow with the release of economic numbers that also sent shivers through Wall Street.
- by Stephen Bartholomeusz
Opinion
Interest rates
The chief of America’s biggest bank is worried. That’s bad news for all of us
Jamie Dimon is one of the most powerful people in the world. His annual letter to shareholders contains an alarming scenario. Australia would not be immune.
- by Stephen Bartholomeusz
Updated
World markets
Fed chief Powell gives markets ‘green light’ as rate cuts loom
Federal Reserve officials signalled that they still expect to cut their key interest rate three times this year but see fewer rate cuts in 2025.
- by Christopher Rugaber
Opinion
US Votes 2024
Donald Trump’s fate could depend on this data
As the November elections loom larger, each set of economic numbers is becoming more important.
- by Stephen Bartholomeusz
Updated
World markets
CBA breaks $200b valuation as ASX hits record high
Commonwealth Bank’s market valuation has broken through $200 billion for the first time, as investor hopes of interest rate cuts sparked a rally in bank shares and lifted the market to a record high.
- by Millie Muroi
Opinion
Commercial property finance
The $1.5 trillion ‘property iceberg’ that has set off alarm bells
A bailout of a mid-sized US bank could be the signal that something more sinister is on the horizon.
- by Stephen Bartholomeusz