News
Bank of Japan Signals Further Rate Hikes
7+ hour, 18+ min ago (342+ words) Bank of Japan Signals Further Rate Hikes'Sharecafe Bank of Japan Signals Further Rate Hikes The Bank of Japan (BOJ) is prepared to raise interest rates further if its economic forecasts hold true, according to a senior central bank official. This…...
Federal Reserve Weighs Balance Sheet Reduction
10+ hour, 48+ min ago (339+ words) Dallas Federal Reserve President Lorie Logan has discussed potential strategies for the U.S. central bank to reduce its balance sheet size. In a speech delivered at the Dallas Fed, Logan emphasised the importance of serving the public and supporting a strong…...
ASX Dips as RBA Bans Surcharges
3+ day, 17+ hour ago (263+ words) Australian shares traded lower near noon AEDT, weighed down by the mining sector. In company news, Koala climbed on its debut after its IPO. Collins Foods has finalised its exit from Taco Bell, while the CEO of Beach Energy issued…...
ECB Urged to Avoid Rushed Rate Hikes
6+ day, 22+ hour ago (324+ words) European Central Bank (ECB) board member Isabel Schnabel has cautioned against hastily raising interest rates to combat the current surge in inflation. Speaking at a university lecture in Z'rich, Schnabel emphasised the importance of thoroughly analysing whether the inflationary jump…...
Trump Administration Eyes Fed Bank Oversight
1+ week, 10+ hour ago (319+ words) The Trump administration is attempting to exert greater influence over the Federal Reserve's oversight of Wall Street banks, seeking to ease regulations introduced after the 2008 financial crisis. These efforts involve increasing the White House's role in reviewing and potentially shaping…...
UK Banks Commit to Mortgage Support
1+ week, 22+ hour ago (296+ words) British finance minister Rachel Reeves met with the UK's six largest banks and building societies on Thursday to evaluate the impact of the Middle East conflict on households and small businesses. The meeting follows Reeves' earlier acknowledgement of potential economic…...
Swiss National Bank Eyes Currency Intervention
1+ week, 2+ day ago (361+ words) The Swiss National Bank (SNB) is increasingly prepared to intervene in foreign currency markets to mitigate appreciation pressure on the Swiss franc, according to SNB Chairman Martin Schlegel. Speaking at an event in Zurich, Schlegel noted the franc's appeal as…...
Global Central Banks Hold Rates Amid Inflation Fears
1+ week, 5+ day ago (344+ words) Major developed market central banks largely maintained their current interest rates this week but signalled readiness to act against potential inflationary pressures. The concerns stem from the energy shocks resulting from recent geopolitical events. Since the beginning of the conflict,…...
Jobless Rate Rises as Oil Shock Grows
2+ week, 1+ day ago (251+ words) Australia's jobless rate has climbed to 4.3 per cent, even as employment figures jumped by 49,000. The news comes as Prime Minister Anthony Albanese appoints a national fuel co-ordinator, Anthea Harris, to lead a supply taskforce while the ACCC probes fuel suppliers....
S&P 500 falls as oil spikes and inflation fears rise; ASX set to open sharply lower
2+ week, 1+ day ago (32+ words) S&P 500 falls as oil spikes and inflation fears rise; ASX set to open sharply lower'Sharecafe S&P 500 falls as oil spikes and inflation fears rise; ASX set to open sharply lower...