Rate fears 'exaggerated': Fed's Evans
Chicago Federal Reserve Bank boss Charles Evans reluctantly accepts a December rate hike would be "reasonable" but suggests there is no danger of inflation running out of control.
Chicago Federal Reserve Bank boss Charles Evans reluctantly accepts a December rate hike would be "reasonable" but suggests there is no danger of inflation running out of control.
The financial world is operating in a fashion Pierpont no longer understands. A royal commission won't help that.
Singaporean start-up AirTrunk has paid about $15 million to acquire a data centre site in Derrimut, Melbourn
If history is any guide, the bond market is ready for the Federal Reserve to pull the trigger on interest rates in December.
Jerome Kerviel, the rogue trader who nearly brought down Societe Generale, has had his fine slashed on appeal by 99.98 per cent to €1 million.
Central bankers did not wheel out any major new monetary artillery.
A widely watched index appears to have exaggerated the vigour of strong markets like Sydney and Melbourne
Credit market jitters have done little to deter yield-hungry investors from buying new junk bonds to get their fix.
Fund managers question whether "extreme" premiums paid for safe yield stocks is finally cracking.
The realisation that the US Federal Reserve "means business" has set up a volatile September.
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