Today
- Analysis
- Analysis
The heated phone calls that landed Andrew Hauser at the RBA
The deputy governor expects similarly frank discussions in his new job. He wants to hear from everyone – including the “crazy guy in the room”.
- John Kehoe
Yesterday
- Opinion
- Opinion
The Federal Reserve’s inflation strategy is undershooting, big time
Neutral interest rates are much higher than the US central bank realises, a former the New York Fed president argues.
- Bill Dudley
This Month
ASX to push higher in pivotal week for interest rates
Futures on the S&P/ASX 200 point to a gain of at least 0.5 per cent on Monday for the local bourse after modest gains on Wall Street that sent the benchmark S&P 500 up 0.8 per cent at the end of last week.
- Sarah Jones
May
Economists read riot act to Fair Work on minimum wage
The Fair Work Commission is expected to lift the minimum wage by 3.5 per cent to 4 per cent next week, but economists warn that anything more will add to inflation.
- Cecile Lefort
RBA ‘one bad inflation report’ away from hiking, say economists
Yields rose and equities sank on Wednesday, after another hot inflation print fanned rate rise worries among Australia’s traders and economists.
- Joshua Peach and Cecile Lefort
- Opinion
- Bonds
The long wait for rate cuts may be just beginning
Rate cuts that had been pencilled in for mid-year have been regularly pushed back. It’s fair to wonder whether they will instead be a feature of 2025.
- Daniel Moss
$A bulls face disappointment on long road to pandemic high
Traders hoping the Australian dollar will strengthen may be caught out as optimism over China’s rebound fades and the local economy falters.
- Matthew Burgess and Michael G. Wilson
Bond returns are back and Pimco is ‘excited’
The $2.9 trillion fund manager is buying up Australian government bonds, among other things, betting that the Reserve Bank will need to cut rates less than the Fed. They are also wagering on the US housing market and consumer.
- Cecile Lefort
- Opinion
- Bonds
I have fallen in love with bonds again – and with good reason
The asset class look to be on the cusp of a significant fall in yields and rise in prices.
- Vimal Gor
Fed officials rally around ‘higher-for-longer’ rates
Policymakers noted disappointing readings on inflation over the first quarter, according to the minutes from their April 30-May 1 meeting.
- Updated
- Craig Torres
Traders wrong-footed after RBNZ shocks with rate rise talk
New Zealand’s central bank kept the cash rate steady at a 15-year high of 5.5 per cent as expected on Wednesday, but surprised the market by pushing out the likely timing of some rate relief.
- Cecile Lefort
ASX eyes record high as rate cut hopes fuel euphoria for shares
Australian shares are set to advance after the Dow Jones crossed the historic 40,000 level on Friday with Nvidia’s earnings this week destined to test the rally.
- Cecile Lefort
Mortgage relief in sight after traders scrap rate rise bets
A surprise pickup in the unemployment rate has bolstered bets that the next move from the Reserve Bank may be lower. Cooling US inflation data overnight also helped, sending the Aussie dollar to a four-month high.
- Cecile Lefort
US stocks close at record high on slower inflation pace
Wall Street notched record closes after data showed price growth moderated, bolstering investor hopes for interest rate cuts by the Federal Reserve.
- Updated
- Matthew Cranston
Moody’s warns big ‘structural’ spend will leave budget mired in red
The influential ratings agency said the broader issue was “how effective spending programs such as Future Made in Australia are in allocating resources”.
- Cecile Lefort
Producer prices leap as US inflation remains sticky
The unexpectedly high readings may raise concerns on Wall Street and in the Federal Reserve.
- Christopher Rugaber
Nvidia rivals gold as shield against inflation, survey shows
The mega cap US tech stocks are not only a bet on innovation but also offer potential protection against inflation, according to some investors.
- Edward Harrison
Rate rise still priced in despite Chalmers’ ‘optimistic’ forecasts
Bond markets are continuing to bet that the RBA will have to lift rates this year, despite new government forecasts predicting inflation will fall faster than the central bank expects.
- Updated
- Alex Gluyas
Coalition warns Labor over RBA board ‘sack and stack’
The implication is Labor would seek to appoint board members inclined to lower interest rates ahead of the federal election, risking the push to curb high inflation.
- Ronald Mizen and Michael Read
- Opinion
- Bonds
Forget the hawks, the RBA’s next rate move will be lower
In my over 20 years in financial markets, I’ve never seen such a wide dispersion of views on interest rates as we currently have in Australia – we are at a pivotal moment in monetary policy.
- Angus Coote
