Blow for Aussies after US cuts rates
The US Federal Reserve approved its second consecutive interest rate cut on Thursday night, though experts have some disappointing news for Aussies.
The US Federal Reserve approved its second consecutive interest rate cut on Thursday night, though experts have some disappointing news for Aussies.
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Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
The Reserve Bank is steadfast it will use the blunt tool of interest rates in any way necessary to get inflation down to its target range.
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.
Original URL: https://www.themercury.com.au/business/economy/interest-rates/page/6