Yesterday
- Opinion
- Monetary policy
The Fed should resist market bullying
The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.
- Mohamed El-Erian
This Month
- Opinion
- Monetary policy
These are the factors complicating investment decisions in 2024
Economic reality in 2024 is likely to be far less binary, and much more nuanced, than many market participants and policymakers believe.
- Rana Foroohar
ASX to drop 1pc as US rate cut optimism cools
ASX futures indicated shares are poised to drop 1 per cent, or 74 points, at the return of trade on Monday.
- Joanne Tran
- Analysis
- Monetary policy
US rate cuts a boon for Biden in election year
Lower borrowing costs are set to bring relief to US voters in a presidential voting year after a long period of high inflation.
- James Politi and Colby Smith
US rate cuts could aid Labor election strategy: Chalmers
Labor’s mission between now and the next election is to seize the mantle of superior economic manager, says Jim Chalmers.
- Phillip Coorey
- Analysis
- Global economy
Anyone seen that US recession?
The US economy avoided a recession this year but, if history is any guide, it’s still a possibility.
- Matthew Cranston
Ex-RBA economist Luci Ellis wants to take credit
The Westpac chief economist observed the RBA’s 2023 forecast and joked, “I’m happy to take credit for that one”.
- Mark Di Stefano
- Analysis
- Sharemarket
Bears run for cover as Powell sparks risk on rally
The market is celebrating the clearest signal yet out of the US that we’ve reached a peak in interest rates. But closer to home there are more ominous signs.
- Jonathan Shapiro
Jobless rate rises; What Fed cuts mean; ATAR’s pay effect
Read everything that’s happened in the news so far today.
- Opinion
- Monetary policy
Powell’s dovish genie is out of the bottle
The US Federal Reserve chairman said cutting rates had “now come into view”, and the markets ran with it.
- Matthew Cranston
- Opinion
- Chanticleer
What really matters for investors now Fed rate cuts are a certainty
After the US central bank signalled rates will fall, Wall Street is at or close to record highs – it’s as if the many increases never happened. But what comes next?
- James Thomson
COP28 dumps phase-out; Miles to lead Qld; Worry for investors
Read everything that’s happened in the news so far today.
- Analysis
- Interest rates
Strong jobs market holds back Fed rate cuts
Employment growth is still key to predicting the Federal Reserve’s path to interest rate cuts, as Jerome Powell faces intense pressure to reveal his plan.
- Matthew Cranston
Powell under pressure to reveal rate cut plan
The Federal Reserve chairman faces a communication challenge this week as investors think a cooling economy means that tightening is over.
- Colby Smith
Fed risks losing control of messaging on US rates
Investors are far too optimistic that the US central bank is poised to pivot to cutting interest rates, says Allianz chief economic adviser Mohamed El-Erian.
- Philip Aldrick
Powell says it would be ‘premature’ to declare victory over inflation
US Federal Reserve chairman Jerome Powell says it is not the time to “speculate on when policy might ease”.
- Christopher Rugaber
November
Inflation falls mask bumps on the ‘last mile’ for central banks
Central bankers are warning it is too early to do a victory dance in their fight for stable prices. Investors, however, think differently.
- Valentina Romei and Martin Arnold
US consumer inflation expectations rise further
Americans expect prices will climb at a 4.5 per cent annual rate over the next year, according to the final November reading from the University of Michigan.
- Reade Pickert
- Opinion
- Australian economy
Australia looking isolated on inflation
As he flew out to San Francisco, Anthony Albanese was keen to talk about the economic benefits to Australians from such trips, but people’s patience is clearly wearing thin.
- Jennifer Hewett
- Opinion
- Monetary policy
The case for cutting interest rates is getting stronger
It looks increasingly plausible that this tightening cycle has come to an end. It also looks quite likely that the beginning of the subsequent loosening is closer than central banks are suggesting.
- Martin Wolf
