Today
Australia faces hit from Trump’s trade war
The IMF has cut its growth forecast for Australian by half a percentage point, in a sign the country won’t be immune from a global slowdown triggered by Trump’s trade war.
Yesterday
Australian dollar soars amid Trump-Fed tug of war
The Aussie climbed to the highest level since December after a brutal flight from US assets hit Wall Street and the greenback.
The Trump trade has well and truly become the ‘sell America’ trade
The US president wants to force the Federal Reserve to cut interest rates. His jawboning suggests they will have to go higher to stop a greenback in freefall.
ASX drops; Macquarie sells arm for $2.8b; Who will be the next pope?
Read everything that’s happened in the news so far today.
Trump’s war on Powell only adds to the ‘sell America’ trade
The president’s attacks on the US Federal Reserve chairman are adding to the fraying of US exceptionalism. They might even keep rates higher for longer.
This Month
Global confidence slumps as trade turmoil looms over IMF meetings
The tariff shock and market slide are among rising threats to growth. The outlook deterioration is a marked contrast to the relatively firm start to the year.
Risk of financial panic tempers Trump on firing Jerome Powell
People close to Donald Trump say the president is aware that trying to oust the Fed chair could inject more volatility into financial markets.
Trump seeks to bring financial regulators under his sway
The effort would reflect a fundamental restructuring of how formerly independent agencies implement and enforce federal laws.
Trump studying if removing Powell is an option
Donald Trump’s top economist signals the president is investigating how he can remove Federal Reserve chairman Jerome Powell before his tenure ends.
Can Trump fire Powell before his term ends?
Any prospect that the Fed chair could be sacked over a policy like lower interest rates would likely tank financial markets.
S&P 500 edges up as investors weigh trade negotiations
Traders leaned toward optimism following Donald Trump’s encouraging signals that negotiations with other countries could lead to lower tariffs.
Rebound or mirage? Aussie dollar faces global storm
The escalating US-China trade war and concerns about a global recession will weigh on the Australian dollar and could push it back below US59¢.
Employment jumps; No Fed bailouts coming; ASX pressured on James Hardie
Read everything that’s happened in the news so far today.
Investors are waking up to the fact no bailouts are coming
As Wall Street sank again and investors swam in a sea of red, Fed chairman Jerome Powell delivered the kicker the market really didn’t want to hear.
Trump’s trade war uncertainty ripples through the business world
US airlines have said they are bracing for an uncertain summer travel season, and Federal Reserve chairman Jerome Powell noted slowing economic activity.
Hawkish Powell warns on stagflation, says Fed will wait on rates
The US Federal Reserve chairman warned that Donald Trump’s trade war left businesses and economists with no clear parallels to study.
Trump floats possible exceptions to 10pc baseline tariff
The president’s comments capped a tumultuous week for equity and bond markets and threaten to inject more uncertainty for countries, investors and businesses.
Trump isn’t kowtowing to the market – he’s doubling down
Investors need to be bold during these dark days. You want to be buying when the crowd is throwing the baby out with the bathwater.
US inflation unexpectedly cools ahead of tariffs impact
New data showed the consumer price index unexpectedly dipped 0.1 per cent in March.
Buckle up for next 90-days as tariff talks play out
Sentiment turned on a dime on Thursday as investors piled back into equities. We spoke to one of the country’s top wealth investor shops to find out why.