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President Donald Trump, left, and Federal Reserve Chairman Jerome Powell visit the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

America is heading into an irresponsible financial boom

The Federal Reserve is making moves to try and stabilise the money markets, which will have potent ramifications.

  • Ambrose Evans-Pritchard

Latest

US President Donald Trump greets a family dressed as employees of a McDonald’s drive-through during a Halloween event on the South Lawn of the White House.

Treat or trick? Why Trump won the trade truce but may yet lose the war

The US president has effectively wielded tariffs as a weapon to beat other countries into advantageous deals. But Beijing has shown it can - and will - fight back.

  • Michael Koziol
Fed chairman Jerome Powell will speak at 5.30am AEDT.

‘Needs to be taken off the board’: Fed cuts US interest rates but chief sends a warning

The Federal Reserve cut its key interest rate for a second time this year but Jerome Powell unsettled markets during his press conference.

  • Christopher Rugaber
A trader on the floor of the New York Stock Exchange.

The glass half-full economy has rarely looked so good

Six months after the White House unveiled steep tariffs, the global economy has held up well. Just imagine how things could be humming without some self-inflicted wounds.

  • Daniel Moss
The shipping news weren’t good this week as both the US and China implemented hefty port fees on each other’s vessels.

A new ocean front opens in Trump’s trade wars

“The shipping news weren’t good this week” as both the US and China started implementing hefty port fees on each other’s vessels.

  • Stephen Bartholomeusz
Stephen Miran pushed for a steeper cut.

Federal Reserve cuts rates, Trump’s appointee pushed for more

The US central bank made its first rate cut this year, but there was one dissenting voice.

  • Christopher Rugaber
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I’m convinced buying shares directly is not for everyone. It’s crucial every investor first consider the myriad alternative uses for their money.

A major market crash could be coming. Here’s how to prepare yourself

As markets continue to rally, investors remain concerned about a major crash. Here’s how to prepare you and your portfolio.

  • Kurt Mayell
NYSE

ASX edges higher as US rate-cut hopes lift investor spirits

The Australian sharemarket is slightly stronger after Wall Street rallied on the back of a highly anticipated speech by US Federal Reserve chair Jerome Powell.

  • Staff reporter
James Hardie is seeking more market share.

An Aussie icon is finding new ways to be a corporate disgrace

Even for a company with an ongoing asbestos scandal in its 137-year history, James Hardie’s disastrous week is one for the ages.

  • Colin Kruger
US President Donald Trump

Trump’s wrecking ball is starting to cause real damage

The economic “phoney war” of the past six months is over. America, Europe and the world are finally starting to suffer real pain from the US president’s trade wars.

  • Ambrose Evans-Pritchard

Original URL: https://www.watoday.com.au/topic/global-economy-1n6f