This Month
US October retail sales affirm strength of economy
Rate cut bets were pared after a better-than-expected 0.4 per cent rise in retail sales last month and an upwardly revised 0.8 per cent rise in September.
- Lucia Mutikani
Powell says no need to rush rate cuts
Federal Reserve chairman Jerome Powell said the strong US economy has given central bankers room to lower interest rates at a careful pace.
- Chrisopher Rugaber
Fed still on track to cut rates in December: CPI view
The three-month annualised rate of consumer prices increased by almost 0.5 percentage point to 3.6pc in October. Economists say the pace won’t derail another rate cut.
- Timothy Moore
US inflation stays firm for third month with 0.3pc core CPI gain
The figures, along with strong consumer spending and economic growth, will keep Fed officials cautious as they debate how quickly to reduce borrowing costs.
- Molly Smith
US dollar surge to wreak havoc on $A, commodities
The powerful rally in the greenback since the US election has prompted strategists to rapidly adjust currency forecasts as investors flee metals and the Aussie dollar.
- Alex Gluyas
- Opinion
- Interest rates
Powell doesn’t fear Trump, and yet can’t contain him
If the president-elect’s policy initiatives prove modest, the Federal Reserve’s delay in responding won’t matter too much.
- Bill Dudley
- Opinion
- The AFR View
Australia must learn the right lessons from US election
Inflation cut across all other issues for US voters, regardless of race, gender and age. What should that be telling us?
- The AFR View
Central banks, traders brush off fears of Trump-led inflation spike
Federal Reserve chairman Jerome Powell said the US election would not impact Fed policy after it cut rates and flagged more to come.
- Cecile Lefort
ASX jumps; ANZ profits slip; Powell says Trump can’t fire him
Read everything that’s happened in the news so far today.
- Analysis
- US Votes 2024
Powell signals power struggle with Trump on Fed independence
The Federal Reserve chairman says he will not stand down if asked to do so by Donald Trump, who had appointed him to the role during his first presidency.
- Updated
- Catarina Saraiva
- Opinion
- Chanticleer
Trump who? Why the Fed cut rates, ignored politics and boosted bulls
The Federal Reserve has juiced a robust US economy and surging sharemarket with another reduction, despite the president-elect’s inflationary policy platform.
- James Thomson
- Opinion
- US Votes 2024
Five economic headaches the new US president must tackle
Whoever wins, the new US administration must find a way to maintain growth while repositioning the economy.
- Mohamed El-Erian
- Opinion
- US Votes 2024
Inflation hangover gives Trump traction
Inflation is falling more quickly in the US, but Donald Trump is relying on high prices to accuse Kamala Harris of delivering an economic nightmare.
- Jennifer Hewett
- Opinion
- Australian economy
Risk of a rate rise is passing, but cuts are not on the agenda
The RBA has an important job this week in communicating how inflation is behaving behind the distortions caused by government subsidies.
- Warren Hogan
ASX to rise as US election decider and Fed’s second act grip markets
Futures indicate the benchmark S&P/ASX 200 Index will open 0.4 per cent higher on Monday as investors expected the Federal Reserve to deliver a second rate cut.
- Joanne Tran
Economist Warren Hogan abandons RBA rate rise call
Warren Hogan at Judo was the only economist tipping a rate rise. He is now calling for a rate cut, but not until November 2025.
- Cecile Lefort
Fed seen on track for rate cut despite weak US October payrolls
Nonfarm payrolls increased just 12,000 last month, but the figures were likely distorted by two hurricanes and a major strike at Boeing.
- Updated
- Molly Smith and Jonnelle Marte
- Opinion
- US Votes 2024
Is Trump or Harris right on the economy? What 23 Nobel laureates say
Heed the brightest minds in economics when they issue a dire warning about inflation, deficits and inequality if the wrong candidate wins.
- Kathryn Anne Edwards
October
- Opinion
- Global economy
The curious case of America’s Benjamin Button economy
Movie buffs will remember the title character, played by Brad Pitt, ages in reverse. The US economy is doing something similar.
- Jared Franz
- Opinion
- Aussie dollar
Why the Aussie dollar can rebound above US70¢
Investors may want to consider increasing exposure to Australian dollar-denominated assets or reviewing hedging strategies that benefit from a stronger currency.
- Todd Hoare