US Federal Reserve Decision Could Cause a Recession: Motley Fool, Stephen Jones

Australians are being told they are “preparing” for further financial pain, including a potential recession, after the US Federal Reserve raised interest rates to the highest levels since the global financial crisis. The central bank raised the country’s cash interest rate by three-quarters of a percentage point to 3.25 percent, and said further rate hikes … Read more

Inflation: Australian credit card spending could rock RBA’s economic plan

In recent years, the Australian people have had quite the love affair with their credit cards, with credit card purchases reaching a record high of 20 percent of GDP in 2008. Since then, Australians have gradually moved away from credit cards, reduced their outstanding balances and increasingly took advantage of various rewards programs rather than … Read more