Today
- Opinion
- Interest rates
The Fed is becoming less fussed about high inflation
The market continues to be wrong-footed on US rates. The question is whether the Fed Reserve has shifted its focus to supporting growth over fighting inflation.
- Sebastian Mullins
This Month
Copper is back as investors cash in on the ‘reflation trade’
A new commodity upswing is under way, creating widespread opportunities for investors. But pundits warn that could also contribute to stickier inflation keeping rates higher for longer.
- Alex Gluyas
- Opinion
- Government debt
Global debt can’t keep growing forever
Now ultra-low interest rates have ended, large-scale government borrowing looks unsustainable.
- Martin Wolf
‘Dangerous’ policy mix threatens rate cuts
Higher US inflation has economists warning interest rates may need to go higher to offset a “dangerous” cocktail of tax cuts and green industrial subsidies.
- John Kehoe
- Opinion
- Interest rates
Fed’s plans for three rate cuts this year thrown into disarray
The big question is whether the central bank can cut interest rates at all this year given the stubbornness of inflation – something it had tried to brush off.
- Updated
- Karen Maley
Shock US inflation ends chance of RBA rate cuts this year
The $A and bonds were sent into a tailspin after hot CPI data prompted traders to price out the chance of some rate relief from the Reserve Bank in 2024.
- Cecile Lefort
Gold’s dizzying ascent isn’t over yet, say fundies
The precious metal has surged nearly 20 per cent since February, but macro fund managers expect the momentum to continue.
- Sybilla Gross and Yvonne Yue Li
Investors sceptical RBA will cut rates at all in 2024
Equities have shrugged off dialled back rate cut expectations, with the US not expected to pull the trigger until September and the RBA priced for December if at all this year.
- Cecile Lefort
Qantas’ $120m FF revamp; Ansell’s $974m deal; ‘Insane’ house auction
Read everything that’s happened in the news so far today.
Trump’s Fed chairman option opposes rate cuts this year
Kevin Hassett is a frontrunner to become Federal Reserve chairman if Donald Trump is elected. He says inflation remains sticky and isn’t being measured properly.
- Matthew Cranston
Bernanke tips BoE towards ‘scenario forecasts’ over Fed dot plots
This week, the former Fed chairman is expected to suggest the Bank of England adopt something new to update its forecasting process and repair its battered reputation.
- Philip Aldrick
- Opinion
- Inflation
Next US inflation print could make or break 2024
Investors in aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts this year to bail them out of a heavy procyclical slump.
- Christopher Joye
‘Sideways’ inflation threatens US rate cut forecasts: Fed official
Minneapolis Federal Reserve boss Neel Kashkari said policymakers need renewed confidence that inflation will cool before beginning a rate-cutting cycle.
- Timothy Moore
- Opinion
- Interest rates
The Fed is wrong about how low rates will go
Betting against the Fed is a fraught endeavour. Nonetheless, in this case I think the market is right.
- Bill Dudley
Powell says Fed has time before deciding to cut
Chairman Jerome Powell has moved to shut down any notion that the central bank’s rate decisions might be affected by this year’s presidential election.
- Updated
- Steve Matthews
- Opinion
- Cryptocurrencies
Why gold is rallying and bitcoin is not
Gold has hit a record high as investors seek insurance against stubborn inflation, but bitcoin has been dealt a blow this week as rate cut hopes have dimmed.
- Karen Maley
- Opinion
- Bonds
Higher oil prices, inflation and debt give investors plenty of worries
There’s little wonder US bond yields are pushing higher, sending sharemarkets lower. The big question is whether this will turn into a full-blown correction.
- Karen Maley
Gold rally ‘has legs’, as price tipped to reset record
Gold has already jumped more than 9 per cent this year, with ANZ and JPMorgan projecting the precious metal to hit $US2300 an ounce by December.
- Updated
- Joanne Tran
ASX hits record; Aussie reportedly killed in Gaza; Austal’s ‘credible buyer’
Read everything that’s happened in the news so far today.
- Opinion
- Interest rates
Investors fear Fed will abandon three rate cuts this year
The sell-off in US bond markets suggests investors are anxious that stubborn US inflation will force the Fed to opt for “one and done”.
- Karen Maley
