Donald Trump was quick to celebrate some surprising economic news,but his own actions mean his joy will probably be short-lived.
If the AI boom,the war in the Middle East and Donald Trump’s tariffs continue to fuel inflation,“almost all” members of the Federal Reserve Board’s rate-setting committee believe US interest rates will have to rise.
SpaceX shares have tumbled amid growing concern that the AI boom won’t deliver the returns investors had priced into the sector.
One of the nation’s top economic forecasters warns the next two years will also be a grind thanks to higher unemployment and more poor wage growth.
Last week the Japanese yen crashed through a “red line” level against the US dollar. How the Bank of Japan responds could cause chaos in the world’s bond markets.
Australian mortgages are so large that the nation’s interest bill is higher than when official interest rates were almost 20 per cent.
Last year,disaster was coming from higher house prices. Now it’s disaster as prices fall. Australia needs to find some consistency.
Rate rises,unaffordable homes and the government’s tax changes are behind another fall in value of the nation’s homes.
Donald Trump’s push to stack the board of the US central bank with loyalists has hit a roadblock after a Supreme Court decision. But the slim majority ruling suggests the Fed may still be vulnerable.
The Reserve Bank created $500 billion and slashed interest rates to deal with the pandemic. It might do things very differently during the next crisis.