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Federal Reserve

Saturday, December 02

US Reserve goes 'all in' with .75 per cent hike amid signs of slowing

The Federal Reserve has raised interest rates by three-quarters of a percentage point as it continues to battle the worst outbreak of inflation in 40 years, but has signalled future increases could be made in smaller steps to account for the “cumulative tightening of monetary policy” it has enacted so far.

American stumble: World's biggest economy flirts with recession

The US economy has unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, which could fan financial market fears that the economy is already in recession.

An inept robber has been jailed over a staged gold heist. (REUTERS/Arko Datta)

Gold hits all-time high as virus, China dispute put markets in a spin

Gold stormed to a record high overnight as investors sought refuge from the possible hit to a pandemic-stricken global economy from an escalation in the US-China spat, which pummelled the US dollar.

Aussie shares plunge by 3 percent after dramatic night on Wall Street

The Australian stock market has fallen more than 170 points on its open after a massive sell-off in America overnight.

Reserve Bank to do 'whatever it takes' to prop up economy

The Reserve Bank of Australia is ready to start its quantitative easing policy for the first time after the impacts of the coronavirus and bushfires on the Australian economy.