US wholesale inflation cooled in July in sign that price pressures are continuing to ease
WASHINGTON (AP) — US wholesale inflation cooled in July in sign that price pressures are continuing to ease.
WASHINGTON (AP) — US wholesale inflation cooled in July in sign that price pressures are continuing to ease.
More than five million Aussies will see a boost to their payments this week. Here's how much.
There's been a major development that shows why the RBA is about to swallow some humble pie and move to reduce interest rates.
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
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Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China's property crisis spreads, Hegang's basement prices are showing up in wealthier regions in a new threat to the economy. Average prices of new homes in 70 major cities including Beijing slumped for the 14th month in August despite dramatic reversals in China's once-restrictive purchase policies.
While August’s labour force data revealed Australia’s unemployment rate remained steady, it dashed hopes of a RBA rate cut on Tuesday.
Australia's economy may be limping along but jobs are still going, although mostly part-time gigs and predominantly roles in the public sector.
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Aussie bosses are warning staff that the days of working from home are coming to an end. Here's when.
Investors digested the Fed's first interest rate cut since 2020.
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Barclays strategists believe the Federal Reserve will cut interest rates by 25 basis points (bps) on Wednesday, despite market pricing heavily favoring a 50 bps reduction. This marks a sharp surge from just weeks ago when the probability of a 50bp cut was around 17%. According to Barclays, there are valid reasons for the Fed to consider a 50bp reduction.
The Federal Reserve slashed US interest rates by 50 basis points, its first cut in four years, lowering the benchmark rate to 4.75-5.00 percent. The move, double the typical 25 basis point adjustment, signals heightened concern about economic growth as inflation slows. The decision aims to safeguard the labour market amid growing uncertainties. The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction for more than four years, sharply lowering bo
Interest rate announcements affect millions of homeowners with variable-rate mortgages
“I think underlying economic conditions will be much more important to financial markets than the Fed's tactics at a particular moment,” Citi Wealth's CIO said.
This centimillionaire group has exploded by over 50% in the last 10 years, with nearly 30,000 individuals striding into the ultra-rich club.
On today's episode of Catalysts, Hosts Seana Smith and Madison Mills break down some of the biggest stories impacting markets (^DJI,^GSPC, ^IXIC), from the Federal Reserve's highly anticipated interest rate cut to the presidential election ahead. The Home Builder Confidence Index rose to 41 in September, up from August's reading of 39. The latest print from the National Association of Home Builders (NAHB) came in line with expectations as mortgage rates continue to cool to 19-month lows. Middleburg Communities chief economist Brad Case argues that rate cuts by the Federal Reserve won't fix the housing market's problems: "The basic problem with single-family, owner-occupied housing is just that it's way too expensive. It is overvalued to the extent that it was back in 2006 before house prices crashed." Not only does Case say he doesn't believe a rate cut will aid the housing market's woes, he says the Fed should not adjust policy at Wednesday's meeting. "I actually still think that there isn't really any reason to have any cut at all," he tells Yahoo Finance. As the Federal Reserve gears up to cut interest rates for the first time in four years, this market is pricing in the most aggressive rate-cutting cycle since the 2008 Financial Crisis. Meanwhile, the bond market (^TYX, ^TNX, ^FVX) is seeing a rally in the front end of the yield curve, which has historically been witnessed before economic downturns. WisdomTree head of fixed income strategy Kevin Flanagan does not believe a recession is on the horizon. However, he adds, "the bond market is trying to tell the Fed, that hey, if you don't go big, you're behind the curve already. You're going to continue to be behind the curve, and that we're going to have problems in 2025." S&P Global Ratings Global chief economist Paul Gruenwald tells Yahoo Finance he expects a 25-basis-point cut: “The data has been supportive of kind of a soft landing... It's not just the amount [of the cut] tomorrow that is largely priced in any way. It's the path, how fast is the Fed going to go and how long.” Meanwhile, Touchstone Investments global market strategist Crit Thomas says a 25-basis-point cut “would be a little bit of a disappointment for the markets” since a 50-basis-point cut is already priced in. He adds that it “would be like a small bump. And then we'll just continue from there." Americans are less than two months away from Election Day, with early voting set to begin soon in several states. The race between former President Donald Trump and Vice President Kamala Harris remains close and polarized. Tusk Venture Partners Founder and CEO Bradley Tusk spent years working in politics before becoming a venture capitalist. "I took one thing away from all of it," he explains. "Every policy output is the result of a political input. Every politician makes every decision solely based on the next election and nothing else." This post was written by Melanie Riehl
Kids, dogs and rubberneckers were spotted getting dangerously close to the visiting marine mammal. Find out more.
‘With crime at record levels, with terrorists and criminals pouring in, and with inflation eating your hearts out, vote for Donald Trump,’ Republican nominee pleads