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Showing 141 - 150 of 325 results for "PAUS"

Chief economist update: Wall Street sneezes

BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
It may have started in China and is infecting its way around the planet but the coronavirus hadn't had much impact on equity markets until it hit investor sentiment on Wall Street. Five straight down days have taken returns on the S&P 500 index ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
"Gone Fishing!" Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
What's a central bank to do if after so many years of policy accommodation it still couldn't hit its target? Move the goalpost, of course. The US Federal Reserve has cut interest rates three times (by 75 basis points) last year from 2.5% to ...

Chief economist update: More jobs dull rate cut bets

BENJAMIN ONG  |  FRIDAY, 20 DEC 2019
'twas a good present for the Australian economy (and just in time to bring Christmas cheer) but the equity market didn't like it. The S&P/ASX 200 index closed 0.3% lower after the Australian Bureau of Statistics (ABS) released the latest update ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
Mission accomplished! This appears to be the Fed's latest missive at the conclusion of its 10-11 December FOMC meeting - after three 25 bps cuts - in July, September and October - that took the fed funds rate from 2.5% to 1.75%. Fed chair Jerome ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
Fund managers will be allowed to list new non-transparent active ETFs, as ASIC lifts the pause after a six-month-long review. However, it has asked responsible entities and market making agents to review their current arrangements to manage risks. The ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
The Reserve Bank of Australia (RBA) disappointed no one when it kept the official cash rate unchanged at a record low 0.75% after the conclusion of its December 3 meeting. This is perfectly rational: Monetary policy operates with a lag - it takes about ...

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
The RBA's growth and inflation forecasts and the Taylor Rule calls for just one more rate cut next year. So there we have it ladies and gents, the answer to every Australian's question du jour, how low will domestic interest rates go? I posed ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
The US-China trade deal/no trade deal seesaw continues to drive the markets' daily ups and downs. But behind these day-to-day swings is the rise and rise on Wall Street - to new record highs. To be sure, the third quarter reporting season was nothing ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
Here we go again, the never-ending Sino-Yankee trade deal or no deal saga. This from Bloomberg: "Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a "phase ...