Wall Street sinks on inflation fears and surging interest rates

Wall Street sinks on inflation fears and surging interest rates

Updated May 16, 2018 08:22:18 Wall Street experienced its worst day in three weeks after a surge in interest rates sparked a wave of selling. Markets at 7:15am (AEST): ASX SPI 200 futures -0.1pc, ASX 200 (Tuesday close) -0.6pc to 6,098 AUD: 74.71 US cents, 55.29 British pence, 63.1 Euro …

Reserve Bank backs budget economic forecasts but warns US inflation a growing risk

Reserve Bank backs budget economic forecasts but warns US inflation a growing risk

Updated May 15, 2018 15:04:26 The Reserve Bank is confident Australia will meet, and possibly exceed, the economic forecasts in the Federal Government’s latest budget, but warns there are overseas risks to the outlook. The bank’s deputy governor, Guy Debelle, said the RBA was becoming increasingly confident about Australia’s domestic …

Are global markets running out of puff as inflation blows up?

Are global markets running out of puff as inflation blows up?

By Stephen Letts Posted April 29, 2018 12:48:58 Photo: Despite booming earnings growth Wall Street has been going nowhere for weeks. (Reuters: Shannon Stapleton) It should have been a champagne-cork popping finish to the week on Wall Street, but the party never started. This week in finance: RBA rates decision …

Inflation pulse still weak, up 1.9 per cent and still below RBA comfort zone

Inflation pulse still weak, up 1.9 per cent and still below RBA comfort zone

Updated April 24, 2018 12:05:54 Photo: Food inflation remains low rising by just 0.5 per cent over the past 12 months. (ABC News: Raveen Hunjan) Australia’s inflation pulse continues to be weak, with the first quarter consumer price index still tracking below the Reserve Bank’s preferred target band. Headline inflation …

Low inflation may make consumers happier, but it worries the RBA

Low inflation may make consumers happier, but it worries the RBA

Posted April 22, 2018 09:44:33 Photo: Low inflation may be good news for shoppers, but the Reserve Bank isn’t happy. (Dave Hunt, file photo: AAP) The idea that low inflation is a problem may be dismissed by anyone struggling to make ends meet. This week: First quarter inflation rate expected …