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Showing 41 - 50 of 2616 results for %22The Fed Rate%22

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... 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 Powell said ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... regarding the debt ceiling and budget without causing significant market turmoil. There is now an improved chance that the Fed will achieve the much-vaunted soft landing," he said. In the UK, the tight labour market continues to keep nominal wage growth ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... carers. Based on the 2023-24 budget papers, the initial annual cost of adding SG contributions to the Carer Payment at a rate of 12% would be around $944 million. By the 2026-27 financial year, this cost is forecast to balloon to $1.1 billion. However ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... regulation and supervision in response to the recent banking stress, including how we regulate and supervise liquidity, interest rate risk, and incentive compensation, as well as improving the speed, agility, and force of the Federal Reserve's supervision. ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... the increase to the superannuation guarantee (SG)," he said. "This is not getting as much mention it as used to, but the rate of SG is continuing to increase up to 12% in a few years, 0.5% each year and 11% from July 1 next financial year." Howard said ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... have indicated that further hikes may be on the horizon. Principal Asset Management chief global strategist Seema Shah said: "Fed chair Jerome Powell emphasised that, while the committee thinks it will be appropriate to raise rates further, considering ...

Growth, quality stocks to outperform: Podcast

CASSANDRA BALDINI  |  FRIDAY, 9 JUN 2023
BlackRock iShares APAC head of investment strategy Thomas Taw says the US Fed are "sort of" engineering a recessionary-type scenario, so the investment giant is tilting defensively toward growth and quality companies. As interest rates increased across ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... challenge is around the quality and transparency of data," Cairns said. "The outputs of AI are only as good as the data that's fed in. AI also needs to be trained and maintained. "At this stage, even developers of AI can't always explain exactly ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... AMP chief economist Shane Oliver says the risk of recession is rising alongside the Reserve Bank of Australia's (RBA) rate increases. Earlier in the week, the Australian share market rallied following the decision by US lawmakers to raise the debt ...