A sea of red.
AP Photo/Craig Ruttle
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
A wrench may not be enough.
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The Fed and Congress have little ammunition available for fighting an economic downturn if COVID-19 triggers one.
The rate cut didn’t calm investor nerves.
AP Photo/Richard Drew
The Fed cut interest rates by half a percentage point in hopes of calming investors. A finance professor explains why it seems to have failed.
Below ground level.
Andamati
Will the all-time lowest rate in the world of -0.75% be enough for these alpine explorers?
The new Bailey.
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The days of using interest rates to keep the wheels on are at an end.
In a speech on Wednesday night, Morrison will insist this bring-forward does not mean the government is panicking about Australia’s economic conditions.
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Following increasing calls for stimulus to be injected into the economy, the government will outline an infrastructure bring-forward of A$3.8 billion over the next four years.
Would the economy be in better shape if the RBA had cut interest rates sooner?
AAP Image/Bianca De Marchi)
The Reserve Bank of Australia says it’s prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
This is what a financial crisis looks like on Wall Street.
AP Photo/Richard Drew
The Fed cut rates for the third time in as many months – something practically unheard of in a strong economy.
This week’s Essential poll showed 56% of voters would prioritise stimulating the Australian economy over getting back to budget surplus.
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Ross Gittins on the government’s “surplus obsession”
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As the Australian economy continues to struggle, many argue that stimulus is needed, urging the government to abandon its "surplus obsession".
“I think Australia has absolutely nothing to hide but cooperation will bring a cost”, says Michelle Grattan on the government cooperating with the inquiry into the Mueller inquiry.
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Deep Saini and Michelle Grattan discuss the consequences of the controversial phone call between Morrison and Trump as revealed by the New York Times.
Interest rate cuts often lead to a boost in construction jobs as developers anticipate better conditions for selling properties.
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Record low interest rates will almost certainly drive up property prices. But they will also drive down unemployment and boost investment generally.
Taking a loan has never been easier thanks to the proliferation of mobile lending platforms.
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Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
The Bank of England.
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Neither an interest rate cut nor an interest rate rise are out of the question if there’s a hard Brexit.
The Fed’s Jerome Powell keeps his cards close to his chest.
AP Photo/Patrick Semansky
The US economy may be in worse shape than it seems.
Why is this man smiling?
AP Photo/Richard Drew
An economist unravels the seeming contradiction between stocks flirting with all-time highs and growing fears of a recession.
Wall Street traders watch as Fed Chair Jerome Powell speaks.
Reuters/Brendan McDermid
The Fed’s decision to cut interest rates for the first time since 2008 could lead to economic policies that are even more reckless.
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The latest data is not promising – central banks must react accordingly.
In DC Comics’ world of opposites, a bizarro bond is “guaranteed to lose money”. Today a bizarro bond is not just a fantasy.
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In many countries people are now paying more for bonds than they will receive at maturity. These negative interest rates should make it a good time for investment.
Jacqui Lambie with Centre Alliance senators, who threw their support behind the government’s $158 billion income tax cuts, guaranteeing the package will become law.
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After a hectic first week for the new parliament, Michelle Grattan speaks with Deep Saini about Jacqui Lambie’s role in helping pass the government’s tax cuts, and a further cut to interest rates - now 1%.
Jacqui Lambie celebrates the passing of the $158 billion tax cuts with Centre Alliance senators.
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The first week of the new parliament ends on a high for the government, with its $158 billion tax cut package passed, and the first stage of tax relief ready to flow in a week or so.