The US inflation rate was edging towards the Federal Reserve’s target range. Then Donald Trump launched his trade war on the rest of the world.
As a key Reserve Bank board meeting looms,chief executive Matt Comyn says Australia is in a good position to handle uncertainty in the world economy.
Markets are celebrating the outcome of the weekend’s trade negotiations between the US and China,but the 90-day pause buys only time,not a resolution.
China is already feeling the effects of Donald Trump’s trade war and has been forced to take action. It is a different story in the US.
The US president blames his predecessor for the sharemarket slump and the fall in America’s GDP. In reality,it’s the “dumbest trade war in history” that’s responsible.
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.
Whoever wins on Saturday faces budget deficits as far as the eye can see. Peter Dutton faces tough choices to meet his promises and cut spending.
A wall of consumer goods once sold from China to the US could be dumped on other markets such as Australia.
The world’s traditional havens in times of stress have themselves become sources of stress.
Both leaders will use their campaign launches to unveil $10 billion policies,which also include a Labor plan to allow most first home buyers to enter the market with a 5 per cent deposit.