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What you need to know about the US Federal Reserve’s (the Fed’s) decision to raise interest rates in the United States. The US Federal Reserve (the Fed) has finally, and unanimously, started the monetary policy normalisation process by raising the Fed Funds target rate by 25bp to between 0.25% – 0.5%. Fed Chair Janet Yellen […]
Summary In Australia, the RBA left the official cash rate on hold in September and again in early October at 2%. The US Federal Open Market Committee met in September and held the Fed Fund’s target rate at 0%-0.25%. The European Central Bank also met in September however no policy changes were announced. The Bank […]
Australia is now starting to pay the price for our lack of economic reforms over the past decade. By living through the ‘great complacency’ since 2004 the rivers of gold from the mining and leverage booms masked the structural weaknesses opening up in the Australian economy and we missed a great opportunity to make the […]