Capital Brief — Business news and politics for the new economy
WEBBut it is not immune to stresses in the sector. Andrew Cornell. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in the federal capital, Canberra.
US Fed in soft landing path with gradual cuts — Capital Brief
WEB2 days ago · 1. Fed path: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. Following the Fed’s jumbo half-percentage point cut in September, Powell said the bank is not on a course for aggressive rate ...
US Fed’s Powell signals gradual cuts to keep economy strong
WEB1 day ago · The news: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. The numbers: The Fed cut rates by half a percentage point in September, the first cut since 2020, as it started its easing cycle.
Finance and markets — Capital Brief
WEB5 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Dow ends week at record high after tame inflation report
WEB2 days ago · The news: The blue-chip Dow Jones Industrial Average closed at a record high on Friday as a subdued US inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve's November policy meeting. The numbers: Among the main indices: Dow Jones rose 0.33% to a fresh high of 42,313, …
Latest — Capital Brief
WEB5 days ago · Star Entertainment reports $1.7b FY loss. Business news including Wong calls for Palestinian recognition roadmap as US and Israel spar over peace deal, Eyes on the prize, Shigeru Ishiba to become Japan’s next PM.
Fresh house prices data set to shake up negative gearing debate
WEB2 days ago · AAP Image/Dean Lewins. New data on home prices, consumer spending and the federal budget are set to capture the spotlight this week on the heels of a debate over potential changes to negative gearing and the Reserve Bank's unsurprising decision to leave rates on hold. Here’s what you need to know about the …
S&P 500 at fresh high on robust data, Micron gains
WEB5 days ago · The news: The S&P 500 scored a record closing high and the Dow and Nasdaq rose as Micron Technology shares rallied and robust US economic data eased labour market concerns. The numbers: Among the main indices: Dow Jones rose 0.62%, the S&P 500 lifted 0.40% to a fresh closing high of 5,745.37, and Nasdaq gained 0.60%. Seven of the 11 S&P 500 sectors climbed, led by materials, which rose 1.97%.
Revised US GDP shows robust pandemic bounce back
WEB5 days ago · The news: The US economy grew more strongly than estimated in recent years, with consumer spending driving much of the gains, according to revised data in an annual update from the Bureau of Economic Analysis (BEA). The numbers: Second-quarter GDP increased at a previously estimated annualised 3.0% rate, while first-quarter growth was revised upwards to 1.6%, up from 1.4%.
Analysts see US Fed focused on soft landing — Capital Brief
WEBSep 19, 2024 · The news: Economists and analysts expect the Federal Reserve to continue rate cuts through next year as it focuses on a soft landing for the US economy, which could boost risk assets further. The numbers: The Federal Reserve overnight cut interest rates by 50 basis points (bps) to 4.75% to 5.0% — a larger-than-usual reduction that is expected to kick off a steady easing of monetary policy.