Interest rates

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Lisa Cook at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium on the weekend.

‘Immediate removal’: Trump moves to fire Fed governor

In a surprise move, the US president said he was removing Federal Reserve Governor Lisa Cook over allegations she committed mortgage fraud, a sharp escalation in his battle to exert greater control over the rate-setting institution.

  • Chris Rugaber

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Falling house prices quickly dampen the appetite to spend.

Only quickest first home buyers to benefit from expanded 5 per cent deposit scheme

The scheme, which has been brought forward by three months, is likely to drive up house prices.

  • Millie Muroi and Shane Wright
Jerome Powell’s highly;y anticipated speech has sent a charge through markets.

The Fed chief’s wise words are wasted on Trump

Jerome Powell’s highly nuanced speech highlighted the Trump-inspired uncertainties in the US economy even as Trump ramped up his efforts to gain control of the US central bank. Trump doesn’t do nuance.

  • Stephen Bartholomeusz
Jerome Powell in Jackson Hole, Wyoming for the Fed’s annual gathering of global central bankers.

Powell signals Fed may cut rates soon even as inflation risks remain

In a high-profile speech closely watched at the White House and on Wall Street, the Federal Reserve chair said that there are risks of both rising unemployment and stubbornly higher inflation.

  • Christopher Rugaber
James Hardie is seeking more market share.

An Aussie icon is finding new ways to be a corporate disgrace

Even for a company with an ongoing asbestos scandal in its 137-year history, James Hardie’s disastrous week is one for the ages.

  • Colin Kruger
Pensions will fall as deeming rates are adjusted after over five years of no movement.

Plibersek axes Morrison-era deal to ringfence pensioner savings

After a five-year period of “artificially low” assumed earning rates, the government is preparing to return pension deeming rates to pre-pandemic levels.

  • Nick Newling
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REA says a note reminding agents that their pricing arrangements are confidential has nothing to do with an ACCC investigation into how the real estate listings giant sets prices.

Why people who borrowed $1 million-plus are more likely to fall behind

Home owners who took out supersized mortgages are now falling into arrears at a greater rate than those with smaller loans.

  • Alice Uribe
Reserve Bank governor Michele Bullock says there is still plenty of uncertainty around the Australian economy.

RBA cuts rates again, warns of rising threat to pay packets

The Reserve Bank has cut the official interest rate for the third time this year, but governor Michele Bullock said another factor is now hitting people’s hip pockets.

  • Shane Wright and Millie Muroi
Reserve Bank governor Michele Bullock.

Rate cut brings rapid relief but RBA’s statement contains sting in the tail

The Reserve Bank was keen to talk up its rate cut, but it has drawn attention to a problem that is hanging around the economy like mouldy bread.

  • Shane Wright
Michele Bullock

Mortgage calculator: how much will this rate cut lower your repayments?

The Reserve Bank has cut the official interest rate for the third time this year.