Global economy
Opinion
Inflation
Why this billionaire Wall Street legend is so worried about the future
The massive wealth transfer that occurred during the pandemic is poised to cause problems. And Australia will not be immune.
- by Stephen Bartholomeusz
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Updated
US politics
Fitch cuts US government’s AAA credit rating in surprise move
It’s only the second time in the nation’s history that its credit rating has been cut by a major agency.
- by Christopher Rugaber
Australia’s iron ore miners can weather China slump, Rio Tinto says
Rio Tinto’s Jakob Stausholm insists Australia’s iron ore sector is in a strong position to ride out any deeper price falls amid worries about China’s economy.
- by Nick Toscano
Opinion
Federal Reserve
The US just left Australia and the rest of the world hanging
There are two big questions that the US Federal Reserve didn’t answer. It means interest rates might stay higher for longer than we feared.
- by Stephen Bartholomeusz
Fed raises interest rates to 22-year high, leaves door open for more hikes
Chair Jerome Powell hoses down recession talk but says further rates will be a ‘meeting-by-meeting’ decision as the US keeps up its inflation fight.
- by Steve Matthews
Opinion
Inflation
Dude, where’s my recession?
It sure looks as if economists made a bad recession call. Why were they wrong?
- by Paul Krugman
Updated
Sharemarket
ASX falls to 50-day low amid fears of higher US rates
The Australian sharemarket took a sharp dive after a hotter-than-expected US jobs report suggested interest rates in the US could head higher.
- by Millie Muroi
Opinion
Oil
Can the Saudis trust the Russians?
With the rest of OPEC sitting out the latest rounds of oil production cuts, they probably don’t have a choice, even if Russia fails to live up to its commitments.
- by Stephen Bartholomeusz
Opinion
Aviation
Deception in Paris: The biggest plane order in history can’t hide the truth
The first Paris air show in four years started with a bang. What happened next highlights the uncertainties the aviation industry will confront over the next decade ... or two or three.
- by Stephen Bartholomeusz
World economy at ‘critical and perilous juncture’, peak central bank warns
The Bank for International Settlements is the central bank to the world’s central banks. It has painted a bleak picture of the global economy.
- by Shane Wright
Opinion
Sharemarket
Bubble trouble: This bull market has a very big question mark on it
A surge in excitement about artificial intelligence has powered Wall Street, leaving the rest of the market well behind. But investors are now in a vulnerable position.
- by Stephen Bartholomeusz