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

ANZ says RBA will raise interest rates to 3% before Christmas

Australian borrowers face four more massive rate hikes over the next four months that will push official cash interest rates above 3 percent before Christmas, ANZ warns. The bank drastically revised its forecasts on Tuesday, saying that “strong momentum in the labor market and clear upside risks to inflation” would force the Reserve Bank to … Read more