Federal Reserve chair Jerome Powell says officials are not in a hurry to adjust interest rates, adding tariffs could lead to higher inflation and unemployment.
Jonnelle Marte
The Chinese Government has moved to shore up the world’s second biggest economy as it readies for crucial trade talks with the US later this week.
Matt Mckenzie
Australia’s household spending has snapped a five-month winning streak as the impact of cyclone Alfred on the east coast disrupts the cash splash, giving the Reserve Bank another reason to cut rates in May.
Cheyanne Enciso
‘Good, but not great’: Core inflation has edged back into the Reserve Bank’s target band and economists say an interest rate cut remains likely.
A flood of superannuation cash into global markets has meant Australia’s reliance on foreign investment has fallen to levels not seen in 40 years.
Australia’s AAA credit rating could be at risk amid a bipartisan post-pandemic splurge, with analysts S&P global warning government spending has hit the highest level since World War 2.
There’s one word that helps explain wage growth, the housing shortage, and even the iron laws of global trade that US President Donald Trump has struggled to overcome.
WA would get a better deal by delaying the $7 billion-plus Westport project for another decade, as scrutiny over the State Government’s infrastructure spending widens.
Major banks are locking in expectations of an interest rate cut in May just as new Reserve Bank research shows the impact of relief would extend far beyond mortgages.
Australia will have close to the highest inflation among developed nations next year even as the global economy teeters on the brink through a trade storm and surging public debt, the IMF predicts.
The number of Australian consumers feeling ‘very highly’ stressed has crept up amid growing concern over the ability to fund retirement, which has risen to a seven-year high.
Australia’s jobs market posted another solid month in March but the Reserve Bank will be focused on the road ahead amid a growing trade war.
NAB experts have declared recessions are ‘highly likely’ in some major economies, with the bank dialling down growth forecasts as Donald Trump’s tariff chaos rampages through markets.
Donald Trump’s trade war continues to sour Australian consumer confidence as the US President presses ahead with plans to impose tariffs on semiconductor and pharmaceutical imports.
A big fall in Australia’s exchange rate or major supply chain disruptions would restart inflation, the Reserve Bank has warned as it readies for the global trade storm.
About 30,000 Australian businesses are in default of their tax debts and the looming storm of Donald Trump’s trade war will likely push more over the edge.
This economist has ditched his long-running caution about interest rate cuts amid Donald Trump’s chaotic trade war.
Australian household spending lifted in March as consumers loosened their purse strings at the Melbourne Grand Prix and football matches.
Michele Bullock says her Reserve Bank will be patient watching the fallout from the global trade storm on a day markets rebounded following a backflip by Donald Trump
A big investment bank reckons a super-sized interest rate cut is coming next month as panicked markets up their bets on rate relief despite concerns about inflation.
Australia’s consumer sentiment has plunged to a six-month low after US President Donald Trump’s sweeping tariffs triggered carnage on global stock markets.
Panicked investors have bet on four to five more rate cuts through to the end of December as analysts predict President Donald Trump’s massive tax hikes will batter the US economy.
Governor Michele Bullock wants to dampen concern that the Reserve Bank’s February rate cut has sparked a resurgence of rising prices in Australia’s housing market.
A cautious Reserve Bank has kept interest rates on hold, but declared it is ready to act as an escalating trade war sparks uncertainty about the future of the global economy.
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