Business
Fed set to keep interest rates low for years – Sydney Morning Herald
The Fed projects to keep rates low until at least 2023 but Wall Street slides lower as Jerome Powell casts doubt over the speed of the economic recovery.
In its policy statement, the Fed also began to pivot from stabilising financial markets to stimulating the economy: the Fed said it would keep its current government bond-buying at least at the current pace of $US120 billion ($164 billion) per month, but described the goal as in part to ensure “accommodative” financial conditions in the future.
US stocks added to earlier gains after the release of the Fed statement, but slid lower as Powell spoke. The Dow Jones closed 0.1 per cent higher, the S…
-
Noosa News22 hours agoQueensland government to introduced artificial intelligence teaching tool Corella to all state high schools
-
Noosa News20 hours agoMan charged with murder three days after death of 27-year-old in Livingstone, QLD
-
Noosa News11 hours agoNick Cave and The Bad Seeds Are Bringing Their ‘Wild God’ Tour to Australia and New Zealand in 2026
-
Business13 hours agoThe pros and cons of buying CBA shares in September