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Chief economist update: Trump should read FrankBY BENJAMIN ONG | MONDAY, 26 AUG 2019 11:15AM
With Trump's latest tweets the "uncertainty about trade policy" the Fed's Powell spoke of in Jackson Hole has just become certain - certain to escalate further that is. Unless POTUS reverses his "take no prisoners" policy on trade (and even his own central bank), fasten your seatbelts and hang on to your toupees!
Read more: China, Trump, Tariffs, Dow, Jackson Hole, POTUS, Great Depression of, Reciprocal Trade Agreements Act, America Great Again, Americans, BILLION DOLLARS of United States, Friday, HOME, Houston, Jay Powell, Nasdaq, NOTHING, Ordering US, Representative Seth Moulton, Russell, S&P, Smoot-Hawley Act of, Theodore Roosevelt, U.S., US Fed Chairman Jerome Powell, Wall Street
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Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
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Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
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ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
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At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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