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

Iron ore imports between China and Australia: the most important sector that Beijing cannot afford

The Chinese government’s efforts to punish the Australian economy have been extensive, but there is one key area it cannot afford to touch. When the Chinese government began targeting Australian exports to China with punitive trade actions in 2020, there were serious concerns that it could hit the Australian economy quite hard. Targeting everything from … Read more

Early signs of the fourth Omicron wave and rate hikes are choking the economy

Many Australians currently have itchy feet. Westpac data shows Australians are making the most of open borders, with consumer credit card spending on airlines and hotels increasing by more than 140 percent and 120 percent respectively since a sharp decline in 2020. Perhaps there is a general urge among the population to escape reality. It’s … Read more