Fed chief’s Jerome Powell’s indication that US interest rate rises are coming sooner than thought marked a dramatic shift in thinking,and has made markets uneasy.
The challenge for governments of the future will be how to be fiscally sustainable after budgets have been so heavily scarred by this economic crisis.
The Reserve Bank will now take Australia into uncharted territory by deploying “unconventional” monetary policies to support the economy.
The Reserve Bank is poised to cut interest rates and unleash a package aimed at driving down borrowing costs as its response to the coronavirus pandemic.
The Fed produced a steady-as-you go outcome even though there is nothing steady or certain about the current state of the global economy.
Here is my one big prediction for the economy in 2020:there is a higher than usual chance things are about to get weird. Like,deeply weird.
RBA Governor Philip Lowe doesn't want to introduce negative rates but would consider buying government bonds if economic circumstances force its hand.