Daily economic reportBY PETER BELL | THURSDAY, 10 AUG 2006 12:28PMThe US Federal Reserve held interest rates firm last night at 5.25 per cent after 17 consecutive rate increases since June 2004, a result of rising energy and labour costs. The June quarter data showed that the annualised pace of growth halved to 2.5 per cent while labour costs jumped to their highest level for five years. |
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Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
