The Reserve Bank of Australia (RBA) has raised the cash rate for the first time in over a decade, up 0.25 percentage points to 0.35 percent. The decision came earlier than what was initially indicated in response to March quarter inflation figures, released on April 27, that showed annual inflation had surged to 5.1 percent,…
Australia Hikes Official Interest Rate for First Time in Over a Decade
May 3, 2022
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How to Know If the Market Will Keep Going Down
The SPDR S&P 500 ETF Trust may have broken an important support level. There’s a chance it rallies back above it, but there will also be a signal that may indicate it will keep going lower. Buyer’s remorse is common when markets are heading South. Investors buy stocks but then regret doing so after the…
Apple Accused of Breaking EU Competition Laws Over Digital Wallets
May 2, 2022
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European Union regulators have accused Apple of breaking the law by stifling competition in markets for mobile wallets, a move that could lead to billions of dollars in fines. The European Commission (EC) said in a May 2 statement that it had sent a charge sheet known as a statement of objections to Apple, alleging…
Fed Meeting in Focus as Expectations Build for Sharp Rate Hike, QT to Fight Inflation
May 2, 2022
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Business & Economyeconomic policieseconomyFederal Reserveinflationinterest ratesInvestmentMarketsPolicies & Impactsquantitative tighteningUSUS News
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A major focus point for investors this week is the two-day Federal Reserve policy meeting, with markets expecting the central bank to press ahead with a sharp rate hike and formally announce the launch of a much-anticipated balance sheet runoff. The Federal Open Market Committee (FOMC) is scheduled to meet on May 3–4, with remarks…
Major Parties Peddling Short Term Solutions on Housing Affordability: Economist
May 1, 2022
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anthony albaneseAustraliaaustralian housing marketBusiness & Economyeconomic policiesInternationalInvestmentPeter TulipScott MorrisonWorld
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Both major parties are dealing with Australia’s housing affordability issues with short term responses that will only drive up the cost of homes, according to the chief economist at the Centre for Independent Studies, Peter Tulip. Tulip’s comments come after the federal opposition Labor Party announced its housing affordability strategy on May 1. The centre-left…
Money Maze: Retirees Turn Detective to Find ‘Lost’ Pensions
When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before. Salty is one way to describe the search for his money, a four-year odyssey filled with shredded paper trails and…
How to Leverage Real Estate Tax-Deferral Strategies to Grow Your Business
By Michael Malakoff It goes without saying that, all things being equal, having access to a larger pool of money offers you the chance of greater returns. That’s why strategies to defer tax payments are so perennially popular, as a way to grow investments and businesses, larger and faster. With that in mind, a number…
The Untold Risk of the ‘Risk-Free’ G Fund
Ah, the allure of the G fund. A popular fund that is invested in treasury securities, and traditionally one of the safest investments available, the G fund is guaranteed by the federal government. Barring the total collapse of the United States government, the government pays the interest. The “safety” and backing of Uncle Sam earmarks…
Three Survival Tips for Retirees Besieged by Soaring Inflation: Experts
April 28, 2022
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Retirees who depend on fixed income are among those who will be affected most by the soaring inflationary costs. Experts say there are various ways for retirees to consider surviving the ongoing 40-year high inflation. The consumer price index (CPI) surged 1.2 percent in March, the biggest monthly increase since September 2005, the Labor Department…
Reserve Bank of Australia Expected to Lift Interest Rates Amid Federal Election
April 28, 2022
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AustraliaBusiness & EconomyeconomyinflationInvestmentJim ChalmersMarketsPrime Minister Scott MorrisonReserve Bank of AustraliaWorld
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Economists and financial markets are now anticipating the Reserve Bank of Australia (RBA) to raise the cash rate in the next board meeting on May 3 instead of June, as previously predicted. The swift change in thinking comes right after the Australian Bureau of Statistics released new inflation figures on April 27, indicating the annual…
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