WASHINGTON — When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus. One group of Fed officials would like to pause their relentless campaign of rate increases after 10 straight hikes to allow time to look around and assess whether higher borrowing rates are slowing inflation. But a second […]

About 2.5 million Minnesota taxpayers will soon get tax rebate checks now that state lawmakers have passed the massive $3 billion tax relief bill. Thus, Minnesota taxpayers need to know all about the upcoming Minnesota tax rebate, including whether or not they are eligible, how they will get the rebate and how much they will get. Minnesota Tax Rebate: Who […]

Save articles for later Add articles to your saved list and come back to them any time. One in four shops on St Kilda’s Acland Street has been empty in the past 12 months, even as suburban retail strip vacancies declined across Melbourne for the second consecutive year, with clothing and footwear stores increasingly pushed out. The vacancy rate on […]

Save articles for later Add articles to your saved list and come back to them any time. I have $330,000 in my super in pension mode. I also receive a small age pension. I have a $40,000 loan with ANZ with an interest rate of nearly 9 per cent. I’m wondering whether I’m better off withdrawing $40,000 from superannuation and […]

Turkey’s central bank maintained its key interest rate for the third straight time at its May meeting on Thursday, and policymakers assessed that the current monetary policy stance is adequate to support the necessary recovery from the outcome of the earthquake by maintaining price stability and financial stability. The Monetary Policy Committee of the Central Bank of the Republic of […]

The Federal Reserve released the minutes of its May monetary policy meeting on Wednesday, indicating uncertainty about the outlook for interest rates. The minutes revealed participants generally agreed that in light of the lagged effects of cumulative tightening in monetary policy and the potential effects on the economy of a further tightening in credit conditions, the extent to which additional […]

Save articles for later Add articles to your saved list and come back to them any time. Households on the eastern seaboard will be hit with electricity bill increases of up to 24 per cent from July 1, adding to the mounting cost-of-living pressures facing Australian consumers. The Australian Energy Regulator on Thursday morning locked in this year’s increases to […]

Save articles for later Add articles to your saved list and come back to them any time. My question is about the mandatory drawdown rates for people who have their superannuation in pension mode. These rates were halved due to COVID, and I’m wondering if they will be continued after June 30. There has been no specific announcement, but the […]

China’s central bank left its key interest rates unchanged on Monday despite strengthening calls for monetary policy easing to support economic growth amid a notable slowdown in inflation. The People’s Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was left unchanged at 4.30 percent. The […]

Save articles for later Add articles to your saved list and come back to them any time. A precious metals bull market appears to have started, with the physical gold price gaining 23 per cent from its lows in September last year. Gold has recently breached the psychologically important US$2000/oz mark and, in Australian dollar terms, gold is nearing its […]