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| | | Income inequality is too high and continues to balloon in 60% of low- and middle-income countries studied by Oxfam International, tipping the Gini coefficient well above acceptable levels. Oxfam found that income inequality is rampant among 64 out of ... |
| | | | ... annual list of the world's most innovative wealthtech companies was recently released, with several Australian firms making the cut. Iress, GBST, Practifi, Lumiant, and Ignition Advice were all on the list, which was selected by a panel of industry experts. ... |
| | | | The Australian equity market is slightly overvalued following a strong rally, according to Morningstar's Q2 2024 outlook. The S&P/ASX 200 benchmark has climbed about 15% from its October 2023 lows to hover around 7800, signalling what Morningstar called ... |
| | | | ... expectations, predicting that the reserve bank will maintain a higher-for-longer cash rate. "We still expect the first rate cut of 25 basis points will not be until November 2024; and the RBA will lag global easing," UBS economists said. "We still see ... |
| | | | The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ... |
| | | | ... indicating they should arrive this year. Now US Federal Reserve chair Jerome Powell has confirmed the bank is targeting a rate cut "at some point this year". "Powell reiterated that the better than forecast US economic performance gives the FOMC time ... |
| | | | BlackRock has high hopes, at least in the short term, that market sentiment is set to improve. In a market update, the asset manager said the potential for falling inflation, nearing interest rate cuts and solid corporate earnings will support "cheery ... |
| | | | Treasurer Jim Chalmers is expected to deliver a surplus in the upcoming Federal Budget, but he warned iron ore prices and a softening labour market put a dent in how large it will be. Speaking at an event for the Committee for Economic Development of ... |
| | | | ... tightening fairly soon." Shah said the past few months had been particularly volatile, with financial markets expecting the Fed to cut policy rates at least six times this year. "The hot January and February inflation and jobs reports prompted markets ... |
| | | | ... hikes or cuts]." As such, Bloxham's central case is that the RBA will remain on hold through 2024, before beginning to cut in early 2025. AMP chief economist Shane Oliver said in leaving rates on hold the RBA noted the continued moderation in inflation ... |
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