Yesterday
$A hit with longest stretch of losses in a year on China woes
The Australian dollar fell for a seventh session below US67¢ as concerns about China’s economy weigh on the currency and commodity prices.
- Joanne Tran
This Month
We don’t know when rates will be cut again, ECB says
European Central Bank chief Christine Lagarde says the question of an interest rate cut in September is “wide open”, and dependent on data.
- Hans van Leeuwen
How the RBA became a global outlier in its inflation fight
This week on The Fin, economics correspondent Michael Read explains why inflation has proved stickier than expected and raised the stakes for the RBA’s big bet.
Waller says Fed getting ‘closer’ to cutting rates
Federal Reserve governor Christopher Waller has added to a growing chorus of officials who have signalled that they are moving closer towards a rate cut.
- Craig Torres and Steve Matthews
Investors to pull money from banks as property, miners rebound
Equity strategists are expecting the ASX 200 to stay around 8000 points until the end of the year. But it won’t be the banks leading the year-end rally.
- Joanne Tran
Bond market dials up US rate cut bets; RBA left behind
Goldman Sachs says there is now “solid rationale” for the Federal Reserve to start cutting rates this month. It’s a different picture in Australia, where markets are still pricing in a rate rise.
- Sarah Jones
ASX to hit 8000 as markets bank on Federal Reserve to cut rates
It’s taken the local bourse just over three years to climb another 1000 points after breaching the 7000 level in April 2021, fuelled by pandemic-era stimulus.
- Sarah Jones
- Opinion
- Interest rates
Why the US Fed needs to start cutting rates now
Key inflation and employment data that central bankers use to guide monetary policy lag far behind economic turning points, which results in hugely suboptimal rate decisions, writes Vimal Gore.
- Vimal Gor
US inflation falls in June, bolstering rate cut bets
Consumers prices eased by 0.1 per cent last month, helping the annual rate fall to 3 per cent, a boost for beleaguered President Joe Biden.
- Updated
- Matthew Cranston
New Zealand eyes August rate cut after ‘dovish pivot’
Market pundits have ramped up bets that the RBNZ may cut interest rates as soon as next month after the central bank said it was confident that inflation will return to target.
- Sarah Jones
Job losses weigh on Powell’s rate cut call
The US Federal Reserve and bureaucrats are paranoid about risks to the labour market from high business borrowing costs, all while hoping price growth slows.
- Updated
- Craig Torres and Amara Omeokwe
Why the Aussie dollar rally could just be getting started
It’s a good time for Australians to be heading overseas, with the currency’s surge to a six-month high likely to extend into the second half of this year.
- Alex Gluyas
- Opinion
- Investing
Why Michele Bullock’s next rate call will be one of the toughest
The RBA governor faces one of the hardest calls any central banker has ever had to make. The chances of getting it wrong are higher than ever, and so are the costs.
- Jonathan Shapiro
Fed’s Williams says inflation job not done despite progress
New York Fed president John Williams said the economy was doing remarkably well and there had been significant progress towards inflation goals.
- Katia Dmitrieva and Jonnelle Marte
Investors dodge the ASX as a rate rise looms
Australia’s sharemarket is falling further behind its global peers as the risk of a rate rise threatens earnings and performance.
- Alex Gluyas
Migration cut no ‘silver bullet’ to Australia’s inflation problem
While economists said a tightening in immigration rules should relieve rent prices and take pressure off the labour market, it may not be enough to curb inflation.
- Joanne Tran
- Opinion
- Opinion
Central banks have done their job. Now others must do theirs
Central bank independence from governments has proved its worth yet again. But it is politicians who now have to step up reforms that cannot be put off.
- Agustin Carstens
June
- Opinion
- Interest rates
The RBA is walking a tightrope between inflation and jobs
As Reserve Bank deputy governor Andrew Hauser said on Thursday, it’s a mistake to change policy on one piece of data. But it is an egregious folly to ignore serial indications of sticky inflation.
- Stephen Miller
US economic growth revised up slightly to 1.4pc
The US economy experienced the slowest quarterly growth since spring 2022, though the figures were a slight upgrade on previous estimates.
- Paul Wiseman
Multiple interest rate rises needed to quash inflation
The hawkish warnings from economists came as the share of borrowers falling behind on repaying their home loan has risen to the highest level in five years.
- John Kehoe
