Donald Trump appointed Jerome Powell as chair of the Federal Reserve. If returned to the White House, he may seek to replace him.
AP Photo/Alex Brandon
Investors, homebuyers and central bankers all have reason to be irritated by the latest data, and inflation isn’t licked just yet. But the numbers also show reason for optimism.
‘Rock, you look a lot like a hard place.’
Cagkan Sayin
Market expectations for rate cuts sooner rather than later have been dashed but some economies remain in danger of recession.
A wildfire during hot, dry conditions in August 2023 destroyed Lahaina, Hawaii, and devastated Maui’s tourism industry – the heart of its economy.
(Robert Gauthier/Los Angeles Times via Getty Images
Fed Chair Jerome Powell bristles at talk of managing climate change, but the damage it is doing the US economy is hard to ignore, as the latest National Climate Assessment shows.
Peter Martin, Crawford School of Public Policy, Australian National University
Australian financial markets are now pointing to a close to zero chance of further rate rises – with a fair chance of a rate cut next year. That’s thanks to the latest news from the US and UK.
Stock prices move in response to new risks faced by investors.
Walid Kilonzi / iStock / Getty Images
Peter Martin, Crawford School of Public Policy, Australian National University
It’ll now be a frugal Christmas in many Australian homes. But there is a glimmer of good news: if we do tighten our belts, rates could start to come down by as early as the middle of next year.
The Bank of England (headquarters on the left) is expected to hold interest rates, causing investors to sell UK bonds.
lazyllama/Shutterstock
A swift intervention by the US Federal Reserve has kept most banks on their feet, but September/October is often the time when financial crises come to a head.
Central bankers, policymakers and academics meet annually at Jackson Hole, Wyoming to discuss the economy.
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