Economists and financial markets believe a quarter percentage point cut in May,worth $100 a month to repayments on a $600,000 mortgage,is all but a done deal due to the latest ABS figures.
Uncertainty caused by President Donald Trump’s tariff war will slow the global economy,a global wake-up call insists.
Rather than taking a hard look at his troubled defence secretary,the president is studying how he could fire the Federal Reserve chairman for failing to cut interest rates.
The world’s traditional havens in times of stress have themselves become sources of stress.
The US Federal Reserve Board’s usually cautious chairman says Trump’s tariffs will lead to higher inflation and lower US economic growth. That won’t go down well in the White House.
As market turmoil threatens to hit economic growth,the Reserve Bank can support the economy through rate cuts,says Bank of Queensland.
The volatility so far this month might be just a reaction to Trump’s tariffs. It might also reflect a structural threat.
Super balances,home loan repayments and the price of petrol could all be affected by the recent mayhem on financial markets.
Expectations of deep cuts in official interest rates to protect the economy from the global tariff war are growing,but the Reserve Bank governor is cautious.
Fed chair Jerome Powell has,not for the first time,found himself between a rock and a hard place. It didn’t have to be like this.