aggressive interest rate

US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.First Republic became the…

Reserve Bank boss Philip Lowe is set to face a grilling after the board agreed to halt its unprecedented run of interest rate hikes for the first time in a year. The governor will front up to the National Press Club in Sydney on Wednesday…

After 10 consecutive interest rate rises by the Reserve Bank of Australia (RBA), an unlikely loser has emerged.While mortgage holders have been hit hard since May last year when the RBA began hiking the official cash rate, there has been…

Homeowners could be set for some welcome relief with forecasts predicting interest rate rises will be paused in April, while three of the four big banks are expecting they will be slashed again from early 2024.However, ANZ’s forecast would…

An alarming new report has weighed in on a “looming recession” headed our way within months – but what does it all mean for Aussies?According to a new Econosights report by AMP senior economist Diana Mousina, “predictions of an approaching…

Australia’s banks remain “unquestionably strong” and local financial markets are “still functioning” despite being volatile amid growing global strain. Reserve Bank of Australia assistant governor Chris Kent has sought to allay domestic…

Superficially, it appears Australia’s house price correction may already have ended.PropTrack’s dwelling values index recorded a 0.2 per cent rise in February, which follows January’s 0.1 per cent increase.Capital city dwelling values rose…

Australian house price results for January have been released, with broadbased declines recorded across the nation.CoreLogic reported that national dwelling values have fallen 8.9 per cent from their peak, with the combined capital cities…

Apple reported solid profits on rising revenues Thursday, but the tech giant’s iPhone sales missed estimates as executives signalled a rising financial toll from the strong dollar.Shares of Apple edged higher in after-hours trading, as the…

Inflation ran hotter than expected in September, continuing to squeeze US households and worsen a political headache for US President Joe Biden with just one month until midterm elections.The Labor Department said Thursday that the consumer…