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Showing 631 - 640 of 1421 results for "Household"

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on the 2nd of August, BOE governor Mark Carney was quoted as saying, "The mistake is to always wait, wait, wait until you ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
... higher import prices. But businesses are unable to pass on the higher cost imports due to the high level of Australian household indebtedness and more to the point, stagnant wage growth - the wage price index increased by just 2.1% in the June quarter ...

Chief economist update: BOJ on a steady

BENJAMIN ONG  |  TUESDAY, 30 OCT 2018
... (ex-fresh food) inched up to 1% from 0.9%; core-core inflation (ex-fresh food and energy) dipped to 0.3% from 0.4%. Slowing household consumption indicate that Japanese businesses would be unable to charge higher prices. The annual growth in retail sales ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... 2018 had been replaced by back-to-back quarters of exceptionally strong contributions to overall growth from American household consumption. The US economy expanded at an annualised rate of 3.5% in the third quarter following the 4.2% surge in the preceding ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
Persistent sell orders have put Wall Street's major benchmark indices either in a correction (defined as a 10% drop from the nearest peak) or on the cusp of one: Nasdaq (-11.5%) and Russell 2000 (-15.6%); S&P 500 (-9.4%) and DJIA (-8.4%). The sell-off ...

Chief economist update: If you can't beat Trump, copy Trump

BENJAMIN ONG  |  TUESDAY, 23 OCT 2018
... Trump's tax cuts, China's version will boost consumers' disposable income that, in turn, would generate increased household consumption and shore up the economy. Household consumption accounts for about 39% of Chinese GDP. This compares with ...

Financial literacy critical to European retirement

DARREN SNYDER  |  THURSDAY, 11 OCT 2018
Australians are not alone when it comes to leaving retirement savings on the table from a lack of financial literacy. However, Europeans arguably face a steeper learning curve. The J.P. Morgan Asset Management 2018 Income Barometer Survey, which interviewed ...

Chief economist update: That other Fed policy towards normalcy

BENJAMIN ONG  |  THURSDAY, 4 OCT 2018
Latest data updates indicate that the US economic juggernaut continues to power on. The ISM non-manufacturing index shot up from 58.5 in August to a higher than expected 61.6 in September - its highest level on record. In addition, the ADP private sector ...

Financial advice as charitable giving

JAMIE WILLIAMSON  |  MONDAY, 1 OCT 2018
... services to a cap of $1500 per couple per year for ongoing advice. To be eligible for financial advice, clients must have a household income of less than $100,000 a year and have total assets of less than $387,500 - the lowest threshold for the Age Pension. ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly. On a 12-month basis, both overall inflation and inflation for ...