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Showing 1461 - 1470 of 6454 results for "Fed"

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
Friday the 13th isn't so unlucky after all as it turned out to be a rally day on Wall Street. The S&P 500 index surged by 9.3% while the Dow and the Nasdaq pole-vaulted by 9.4% the day after US President Trump's declaration of a national emergency ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... more. The Morrison government recently announced a A$17.6B ($11.4B) economic stimulus package. The US Federal Reserve cut the fed funds rate by 50 bps on 3 March to 1.25% and announced an additional US$1.5 trillion in new liquidity to help address "highly ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
It's official! The World Health Organisation (WHO) has declared COVID-19 a pandemic. Uh, scary! But what's in a word? According to the ABC : "An outbreak is a sudden rise in cases of a disease in a particular place. An epidemic is a large outbreak. ...

Trump slams Fed in Twitter tirade

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get our Fed Rate down to the levels of our competitor nations," he tweeted. "They now have as much as a two point advantage, with even ...

Florida fraudster swindles investors out of $60 million

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
A Florida-based investment adviser scammed at least 30 investors out of $60 million (US$39 million), and put the funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against ...

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
New insight from Rice Warner has re-iterated the message that a husband is not a retirement plan as women's lower super balances are highlighted on International Women's Day. The two key factors for a more comfortable retirement are marriage and home ...

Chief economist update: A crisis of supply, demand and confidence

BENJAMIN ONG  |  FRIDAY, 6 MAR 2020
When you read reports that police have tasered a man over an argument over toilet paper, you know that the coronavirus hysteria has come to Australia. This followed news of emptied toilet paper shelves at supermarkets that has now extended to "necessities" ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... hoped the "magnificent seven" would undertake. However, the Reserve Bank of Australia (RBA) and the US Federal Reserve's (Fed) decision to cut interest rates on the same day suggests that a coordinated response is underway. The RBA cut the official ...

Aussie at center of international scheme

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
An Australian has been named by the US Federal Trade Commission (FTC) as being at the center of a massive international business coaching scheme that "swindled" veterans and the elderly out of millions. Matthew Lloyd McPhee ran a scheme known as My ...