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Showing 21 - 30 of 63 results for "Biden"

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... year, shooting up a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't reflect the full impact of nearly 30 days of decreases in gas prices. Biden stated: "Those savings ...

US inflation wavers near a 40-year high

ANDREW MCKEAN  |  THURSDAY, 12 MAY 2022
... having risen 1.2% in March. This decline is the first month to month inflation rate fall since August 2021. US president Joe Biden said that it was heartening to see that annual inflation moderated in April but that it remained unacceptably high. "I'm ...

Biden signs executive order on digital assets

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
US President Joe Biden has signed an executive order on ensuring the responsible development of digital assets, in a move that has seen the price of Bitcoin jump. Signed overnight, the executive order outlines the first whole-of-government strategy ...

New LGBTIQ investment option

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... COVID-19 relief through its Global LGBTIQ Emergency Fund, and its former executive director Jessica Stern was appointed in the Biden Administration as US Special Envoy to Advance the Rights of LGBTIQ Persons. Newday offers a range of impact portfolios ...

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG  |  FRIDAY, 11 JUN 2021
... purchasing used cars. They have the wherewithal to do so - compliments of the Federal Reserve's low interest rates and the Biden administration's generous fiscal spending. Would inflation turned out to be transitory as the Fed assures? Or would ...

Keep COVID-19 in perspective: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... stimulus spend from the US government in response to COVID-19, at $5 trillion, is more than the US spent on World War Two. "Biden thinks domestic strength is the best defence in foreign policy," she said. Cantrill theorised that in light of the geopolitical ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
... that monetary policy would remain accommodative "until at least 2023" offers extra incentive to "buy now pay later". The Biden administration's fiscal policy largesse - already implemented and proposed - give this an extra oomph. Then again, rising ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
... lingering surge in COVID-19 infections, and there's climate change. Take your pick. Bloomberg reports that: "President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% (from 20%)... For those earning ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
The music has stopped, should we cease dancing? Two consecutive days of losses on Wall Street is a very long time in financial markets so much so that "pundits struggle to explain stocks stumble", according to the Australian Financial Review (AFR). ...