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Showing 471 - 480 of 9297 results for "Economics"

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... However, Australia's unemployment rate of 3.5% for June remains at historically low levels." However, Deloitte Access Economics partner Stephen Smith contended that today's data provides additional evidence that the RBA has raised interest rates ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
Thanks to a robust start to the year, economists and investment strategists are feeling more confident that a recession won't take place in the second half, according to a recent survey by Natixis Investment Managers (Natixis IM). The survey, conducted ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
... annual super profits tax to close the gap in social and affordable housing. The CFMEU commissioned Oxford Independent Economics to explore the viability of a super profit tax in helping to increase the supply of social and affordable housing, estimating ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... slowed very gradually since the US Federal Reserve started increasing interest rates in early 2022," Deloitte Access Economics partner Stephen Smith said. It would be no surprise if the Federal Reserve hikes interest rates further off the back of a buoyant ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
The Reserve Bank of Australia (RBA) said the decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... included the financial system, business services, the currency, and the payments system. She holds a Masters of Science (Economics) degree from the London School of Economics and a Bachelor of Economics (Hons) from the University of New England. "I very ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
Australian inflation will fall over the next six months, according to AMP deputy chief economist Diana Mousina. During an AMP webinar, Mousina noted peak Australian inflation trailed the US by around six months, suggesting a similar delay should be ...

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
Reserve Bank of Australia (RBA) governor Philip Lowe has announced significant changes that will be implemented by the central bank in response to the recent review of its processes. In what is potentially his last speech as governor, Lowe explained ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
A new report from the Productivity Commission finds that the agriculture sector is turbocharging the Australian economy well ahead of other industries, thanks to the favourable weather conditions of recent years. The newly released Productivity Commission ...