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Federal Reserve

Yesterday

RBA rate pivot ‘perfectly sensible’: former Fed leader

Recently retired Federal Reserve vice chairman Randal Quarles praised the RBA’s Philip Lowe for not raising rates too fast.

  • Matthew Cranston

This Month

Bad news is good news as shares rally on US jobs wobble

Australian shares had their best two-day rally since the start of the pandemic as investors seized on evidence of weaker US economic data as grounds for optimism that central banks will slow the pace of policy tightening and avert recession..

  • Alex Gluyas

Wave of profit downgrades about to hit, warns BlackRock

Earnings expectations remain too high and stocks are yet to fully price in higher rates and the prospect of a global recession, it said.

  • Updated
  • Alex Gluyas

Two overwhelming forces mean the era of high rates must end

The downward trends in demographics and technological innovation mean the current spike in global interest rates simply cannot last.

  • Paul Krugman

Labor has to help the RBA’s inflation fight

The Reserve Bank has dialled back the hawkishness but can’t fall too far behind the US Fed. And the Albanese government has to help.

  • The AFR View
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Central banks trapped in their own Ponzi scheme

Macquarie’s Viktor Shvets says global markets are addicted to low rates and high liquidity, giving governors no choice but to pivot despite high inflation.

  • James Thomson

When will the Fed ease the market anguish?

The Fed is unlikely to ride to the rescue of distressed global financial markets any time soon, despite the continuing carnage.

  • Karen Maley

The Fed is failing as a monetary policy anchor

A tardy US Fed has been forced to tighten harder than it might. That means everyone else has to as well.

  • Mohamed El-Erian

Economists lift US cash rate forecasts, recession fears rattle bonds

US bond yields shot up after the Fed said it will raise rates, while eurozone inflation in double digits aggravated fears of an economic shock.

  • Cecile Lefort

ANZ’s Emmett bullish on housing opportunity

The correction under way in house price values will enable more Australians to afford a home, a bright spot in a country obsessed with property.

  • Cecile Lefort

Alarm bells are ringing with global markets in growing disarray

Investors are bracing for a worsening market rout as liquidity evaporates and soaring interest rates cause financial strategies to unravel.

  • Karen Maley

JPMorgan’s strategists temper their optimism

Marko Kolanovic and Bram Kaplan have acknowledged that their optimism, even as Wall Street’s sell-off persisted, has been misplaced.

  • Timothy Moore

September

How forex markets made an idiot of Truss

The pound will rebound once inflation is under control. It is very hard to say the same thing about Trussonomics.

  • Jim O'Neill

Is the US Federal Reserve braking too hard?

The risk that the Fed is moving too slowly to check inflation has fallen, while the risk that high rates will cause severe economic damage has gone up — a lot.

  • Paul Krugman

EU struggles to contain Schadenfreude at UK turmoil

The French, German and Spanish finance ministers have all criticised the fiscal package presented by UK chancellor Kwasi Kwarteng.

  • Martin Arnold
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Central bankers move towards tighter crypto rules

Federal Reserve chairman Jerome Powell says the global surge in interest rates has exposed significant structural issues in the DeFi ecosystem.

  • Karen Maley

US dollar ‘wrecking ball’ bears down on Australian dollar

The Australian dollar fell to a fresh 2½ year low of US63.65¢ on Wednesday. The US 10-year Treasury rate shot past 4 per cent for the first time since 2010.

  • Vesna Poljak

How to save $34,000 over two years on your home loan

Coming off a fixed rate? Lenders are falling over themselves to get your business.

  • Duncan Hughes

US dollar’s surge should force Fed ‘to pivot’: Cathie Wood

The US central bank has adopted a “sledgehammer” in its effort to combat inflation and the potential cost.

  • Timothy Moore

Forecasts for peak RBA rate keep rising

Morgan Stanley says the higher global rates outlook will keep the RBA hawkish, lifting its terminal rate forecast to 3.6 per cent.

  • Emma Rapaport