Aussie shares jump on Fed cut fever
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
As the big four Australian banks continue making billion-dollar profits, more and more families are falling behind on their house payments.
Treasurer Jim Chalmers has called for support from the Coalition to create a separate Reserve Bank board that will solely be responsible for cash rate decisions.
The Australian sharemarket advanced for a 10th consecutive session on Thursday, marking the longest rally in stocks since 2015.
Parliament will resume on Tuesday for the first sitting day of the year, with the government’s contentious changes to the stage 3 tax cuts set to dominate the week.
Jim Chalmers has hit out at suggestions he would “play ball” with the opposition to pass Labor’s contentious tax package.
With attention turning from talk of rate hikes to cuts, there may be relief for household borrowers within months.
With attention turning from talk of rate hikes to cuts, there may be relief for household borrowers within months.
Voters appear to be backing the Prime Minister on his decision to scrap the legislated stage three tax cuts, according to the latest Newspoll.
With the first parliamentary sitting week of the year set to be dominated by tax, a new report lays bare the biggest loser in the shakeup.
The size of the average mortgage in Australia has hit a record high, as buyers are whacked by the double blow of rising prices and high interest rates.
Australian shares surged on Friday to reach a fresh record just two days after closing at a previous all-time high.
The dream of owning your own home has motivated millions to save over generations, but the latest data on new loans for first home buyers suggests many Aussies are giving up.
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
Original URL: https://www.goldcoastbulletin.com.au/business/economy/interest-rates/page/53