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Showing 21 - 30 of 1953 results for %22US Federal Reserve%22

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... Reserve Bank continues to surprise on the upside." He explained a big factor will be the minimum wage case and said if the federal government increases 6% or 7%, as requested by the Australian Council of Trade Unions (ACTU), it could trigger more hikes. ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... basis, Fitch forecasted the fiscal deficit to narrow to 1.2% of GDP in FY23, ending June 2023, from 3.8% in FY22. "The federal government is set to achieve its first underlying cash surplus in 15 years at 0.2% of GDP in FY23, from a 1.4% deficit in FY22 ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... with the debt ceiling currently not raised. Should the debt ceiling not be raised by the x-date, he forecast the Federal Reserve to prioritise interest and principal payments on federal securities. Moreover, contingency plans are in place to deal with ...

VanEck launches US bond ETF

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... past 12 months short-term treasury bond yields have jumped following a series of interest rate hikes from the Federal Reserve. "Short-term treasury bond yields should continue to rise while inflation persists," Neiron said. "As TBIL comes to market short-term ...

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
In a widely anticipated move, the US Federal Reserve has raised interest rates by 25 basis points, elevating the target range to 5% - 5.25%, marking the highest level in 16 years. The central bank's decision comes as part of its ongoing commitment ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... enough to stop it from sinking. The sale process follows the long-awaited review of SVB's collapse by the Federal Reserve. In its report, the Fed explained the bank's demise was down to poor management, regulation error and its own oversight. ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve and the Reserve Bank of Australia, raised interest rates in a bid to control inflation, investing conditions became increasingly ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... numerous business deposits originating from the same industry (technology) and region (US West Coast). As the Federal Reserve raised interest rates and funding costs surged, many tech start-ups that relied on Silicon Valley Bank struggled to secure funding ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... 6.0%," Nugent said. However, core inflation met expectations at 0.4% month on month and 5.6% year on year. "For a Federal Reserve (Fed) that is looking for a string of better inflation data before declaring victory, market pricing still leans towards ...

Global X debuts US corporate bond ETF

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... in the US, driven by events like the Silicon Valley Bank collapse and persistent interest rate hikes from the Federal Reserve. "... many investors are consequently looking to bonds as a safe haven," he said. "Only a month ago, US 12-month treasuries ...