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Search ResultsShowing 1 - 10 of 100+ results for "US Federal Reserve"
Westpac puts Australia on bad banking leaderboard
ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... its risk of money laundering in its Baltic operations. CitiGroup was served a cease and desist order from the US Federal Reserve for falling short of risk management and internal controls. The order requires CitiGroup to correct practices and the bank ...
Chief economist update: Zero beyond 2023
BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
The US Federal Reserve's new monetary policy framework - lower interest rates for longer or average inflation targeting - (virtually) announced at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 ...
Dividends ripe for the picking
ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... well on the back of global economic concerns and the immense amount of money printing being undertaken by the US Federal Reserve," Hamson said. In addition, consumer staple stocks like Woolworths and Wesfarmers performed well throughout the pandemic ...
Chief economist update: Fed heads for the mountain
BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
... year due to the pandemic - produced another significant shift in US monetary policy. On August 27 at the Hole, US Federal Reserve chair virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing ...
Chief economist update: Cheaper prices not a bargain
BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... minus 0.05%. The Reserve Bank of Australia (RBA) has already stressed that it won't go negative but as US Federal Reserve chair Jerome Powell reiterated overnight: "The path of the economy will depend significantly on the course of the virus."
Chief economist update: Gold 2000
BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
Gold prices have already been on the up and up last year, buoyed by major world central banks' about face towards a more accommodative policy - led by the US Federal Reserve's interest rate cuts (July, September and October 2019). Gold prices ...
Investment strategies need to change: GSFM
ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... was put to work in early April "We have been around 85-90% invested since April. We based this on what the US Federal Reserve did," Griffin said. There were many solvency concerns at the time, but the Fed took that off the table, so we put the money ...
Chief economist update: Not easy easing restrictions
BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... strongly in May. We have entered an important new phase and have done so sooner than expected." This was what US Federal Reserve chair Jerome Powell declared before the Committee on Financial Services of the House of Representatives two weeks ago (30 ...
Chief economist update: Extraordinarily uncertain outlook
BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
US Federal Reserve chair Jerome Powell has painted an optimistic picture of developments in the US economy while at the same time warning of extraordinary uncertainty. "As the economy reopens, incoming data are beginning to reflect a resumption of economic ...
US GDP to contract 6.5%: Fed
ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
The US Federal Reserve has projected rates will remain near zero through 2022 and GDP will contract 6.5% as a result of COVID-19. The Fed also pledged to maintain at least the current pace of asset purchases, which is around US$80 billion per month. ...
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