September 19, 2023

Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting. The Dow Jones Industrial Average lost 106.57 points, or 0.31 per cent, to end at 34,517.73. The S&P 500 slid 0.22 per cent to 4,443.95. The Nasdaq Composite slid 0.23 per cent 13,678.19. Disney slid more than 3 […]

The minutes from the final meeting, presided over by the recently retired Reserve Bank Governor, Philip Lowe, have sounded more warnings about potential interest rate rises. They also expanded on previous statements about the health of the Chinese economy. The minutes indicated that further interest rate increases might be necessary if inflation remains stickier than

This is set to become a regular news item in the coming years—a major car parts manufacturer attributing the closure of a factory, or even multiple factories, to the rising popularity of electric vehicles (EVs), resulting in the loss of hundreds, if not thousands, of jobs. Such is the case with the Italian parts maker

The two-day meeting of the Fed’s Open Market Committee (FOMC), which began in Washington overnight, is one of the four most crucial meetings each year. It is quarterly, bringing updated economic forecasts and, especially for markets, a new interest rate ‘dot plot.’ This ‘dot plot’ is the primary focus for markets, economists, analysts, and others

Labor’s anti-nuclear stance has nothing to do with economics, as they would like you to believe; it’s all about ideology. And that should worry you. Yes, the much-maligned Gencost report, produced by CSIRO, is a convenient tool that produces an economic rationale to support the policy. It provides cover to Climate Change Minister Chris Bowen

The S&P/ASX 200 is trading 0.35 per cent lower at 7,205.40. Futures The SPI futures are down 27 points. Best and worst performers The best-performing sector is Energy, up 0.60 per cent. The worst-performing sector is REITs, down 0.7 per cent. The best-performing large cap is New Hope Corporation (ASX:NHC), trading 3.65 per cent higher

On Tuesday, at the closing bell, the S&P/ASX 200 was 0.47 per cent lower at 7,196.60, in anticipation of the US Federal Reserve’s policy meeting. The meeting is expected to reiterate the message of keeping interest rates higher for an extended period. The All Ords index also declined by 0.5%. Major banks saw a decrease

Investors are feeling nervous in anticipation of the upcoming US Federal Reserve policy meeting, where it is anticipated that the Fed will reiterate its commitment to maintaining low interest rates for an extended period. Adding to this unease is the revelation from the Reserve Bank’s September meeting minutes that it had contemplated raising interest rates.