Federal Reserve
Analysis
Interest rates
World’s central banks got it wrong, and economies pay the price
Even after central banks recognised they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, roiling markets and threatening greater damage to their credibility.
- by Enda Curran
Latest
Updated
USA
‘Strong action was warranted’: Fed attacks inflation with largest rate hike since 1994
The US Federal Reserve has raised its key interest rate by three-quarters of a point and signalled more large rate increases to come.
- by Christopher Rugaber
Opinion
Sharemarket
On high alert: Markets a sea of red as they wait for the big reveal
With markets in turmoil, a critical moment for investors looms at this week’s Fed meeting.
- by Stephen Bartholomeusz
Opinion
Inflation
Shock US inflation a rude reality check for already shaken markets
The Federal Reserve Board meets this week against the backdrop of a shock increase in inflation late on Friday, leaving chair Jerome Powell little choice but to raise rates for the third time this year.
- by Stephen Bartholomeusz
Opinion
Sharemarket
Investors who believe the worst is over may be deluded
The investors who dived back in to sharemarkets to drive a big rally last week are either very brave or quite foolish.
- by Stephen Bartholomeusz
Opinion
Interest rates
Brave new world: Europe is about to take a risky step into the future
The EU is about to end its aggressive eight-year experiment with unconventional monetary policies. The dramatic shift creates the potential for a lot of problems.
- by Stephen Bartholomeusz
Opinion
Wall Street
Nightmare on Wall Street as retailers confirm investors’ fears
The US sharemarket has tanked again on fears of stagflation and recession. The latest carnage came after America’s biggest retailers revealed plunging profits.
- by Stephen Bartholomeusz
Opinion
Inflation
Investors looked beyond the numbers. They didn’t like what they saw
The driving force behind surging interest rates and the implosions in financial markets appears to have peaked. But appearances can be deceptive.
- by Stephen Bartholomeusz
Opinion
World markets
Markets are wobbling and more pain looms on the horizon
Risk is back at the front of investors’ minds for the first time since the 2008 financial crisis as central banks try to control raging inflation. It makes for uncertain times ahead.
- by Stephen Bartholomeusz
Opinion
Interest rates
The Fed and RBA have finally hit ‘lift-off’ but may have waited too long
The Fed and RBA are making moves to try to bring rampant inflation rates under control and keep their economies out of recession but have they done too little, too late?
- by Stephen Bartholomeusz
Updated
Sharemarket
US Fed lifts key interest rate, Wall Street surges on Powell’s comments
The Fed unleashes the most aggressive tightening of monetary policy in decades to combat soaring inflation but markets cheered as Jerome Powell downplayed talk of bigger rises in coming months. The Aussie dollar jumped.
- by Matthew Boesler