Just as football coaches reconsidered when to opt for a two-point conversion after the NFL made a change, the Fed adjusts its decisions in line with an evolving economy.
Monetary policy since the financial crisis has flooded the market with cheap capital. A rate rise will reverse this and put developing economies at risk.
Traders will be paying close attention to the Fed’s decision on interest rates.
Reuters/Lucas Jackson
Inflation-targeting central bankers need to focus on stabilising inflation and not be sidetracked into correcting all other macroeconomic and financial problems.
RBA governor Glenn Stevens said moderate expansion is continuing in the Australian economy.
AAP Image/Lukas Coch
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at a record low of 2%, but said there was scope for a rate cut down the line.
Lending in a frothy property market has the potential to bring the economy unstuck.
Dan Himbrechts/AAP
The next step in South African students’ fight against high university fees could be taken beyond campuses. The final battle will be fought at the country’s National Treasury and Reserve Bank.
Will home owners consider the non-bank sector as major banks increase lending rates?
Reuters/David Gray
Last week, Westpac hoisted its lending rate by 20 basis points in a bid to recover the costs of recent capital raisings. There is speculation other banks will follow. Australia’s non-bank lenders could…
New treasurer Scott Morrison greets RBA Governor Glenn Stevens.
AAP/Paul Miller