Yesterday
US mortgage rates drop sharply to lowest level in a year
The Fed is expected to start lowering interest rates in September after holding them at 5.3 per cent for the past year.
- Danielle Kaye
- Opinion
- Monetary policy
Central banks need true transparency not fake consensus
The Bank of England isn’t afraid to advertise its differences. That is better for creating trust than the obsession with a united front at the US Fed.
- Mohamed El-Erian
This Month
New signs of weakness in US economy, as consumers halt spending
Disney theme parks, Airbnb home rentals and Hilton hotels are among the latest companies seeing weaker consumer demand.
- Gregory Meyer, Anna Nicolaou and Christopher Grimes
Why the market doesn’t believe the RBA on rates
Despite the surprisingly strong hawkish rhetoric from the Reserve Bank this week, bond traders (and some economists) aren’t buying it.
- Updated
- Cecile Lefort and Sarah Jones
Hedge funds were busy buying the dip amid turmoil
As trillions of dollars were being erased from global equity markets on Monday as investors fled, some fast money was stepping back in.
- Natalia Kniazhevich
Chalmers disputes RBA; Rex sale looms; Why Harris chose Walz
Read everything that’s happened in the news so far today.
- Opinion
- Monetary policy
The Fed will not let markets dictate a rate cut
The US central bank reacts to the sharemarket only when volatility threatens financial stability. For the moment, there is no evidence that this is the case.
- Barry Eichengreen
- Analysis
- GDP
Is the US heading for a recession?
Most analysts believe the world’s largest economy will make a soft landing, with inflation falling back to the Fed’s 2 per cent goal without a sharp rise in unemployment.
- Claire Jones, Delphine Strauss and Martha Muir
- Opinion
- RBA
RBA warns rate cuts are a no-go this year
Why interest rates won’t come down this year after all. They might even go up.
- Jennifer Hewett
- Opinion
- Sharemarket
Why global investors find it so easy to sell Japan
It is easier to sell Japan into a rout than any other Asian market, and unusually attractive to take profits from it right now because the gains this year have been so good.
- Leo Lewis
Trump seizes on market meltdown, blames Harris
The former president sought to raise voter concerns about the health of the US economy, saying “we are heading to World War III”.
- Updated
- Matthew Cranston
- Opinion
- Chanticleer
Battered investors get a breather, but where to next?
After a torrid night on Wall Street, it’s calmer on the ASX and positively giddy in Tokyo, giving investors a chance to consider their next move.
- James Thomson
- Opinion
- Chanticleer
Wall Street’s night of fear could have been much worse
The sea of red on Wall Street on Monday night doesn’t tell the story of the outright panic that spread before the market opened.
- James Thomson
Market panic risks dragging down global growth, economists warn
Analysts say economies in the US and elsewhere are not “nosediving”, but they flag the threat of “self-fulfilling” investor jitters.
- Delphine Strauss
Goolsbee warns on Fed, downplays recession fears
Chicago Fed president Austan Goolsbee says the Fed can’t be over-restrictive when it comes to rates, amid fears the central bank has been too slow to cut rates.
- Reuters
Wall Street opens in turmoil, extending global sell-off
The Dow sank 1000 points and markets plunged at the open on Wall Street with fears over the US economy adding to a global share rout.
- Stan Choe
- Opinion
- Interest rates
Markets mayhem jangles investor nerves
Why are markets are suddenly tumbling as sentiment turns down – and is this the start of something bigger?
- Jennifer Hewett
- Opinion
- Chanticleer
Why the market’s favourite trades are blowing up
For most of the day it was just a nasty sell-off. But by the end of Monday’s brutal session on the ASX, it was clear something much worse was at play.
- James Thomson
ASX dives with no sector spared as recession fears trigger panic
The ASX 200 was steamrolled in the sharpest two-day sell-off since COVID-19 first roiled markets.
- Sarah Jones, Joanne Tran and Jessica Sier
RBA to hold rates steady as inflation gets closer to target
The central bank is expected to oversee a “straightforward” meeting this week, after last week’s inflation result took the heat out of tightening fears.
- Joshua Peach
