Yesterday
Trump says he’s unlikely to fire Jerome Powell
In a TV interview, the president-elect also said he would pardon the January 6 Capitol rioters on day one, while vowing to lock up his political foes.
- Peter Baker
This Month
Fed on track to cut rates: Wall Street’s view of jobs data
November’s payrolls report keeps open the door for a quarter point rate cut this month, though next week’s CPI data still needs to be cleared.
- Timothy Moore
US payrolls rebound, economy adds 227,000 jobs
The unemployment rate edged higher to 4.2 per cent, pointing to cooling demand for workers and confirming the case for a rate cut this month.
- Augusta Saraiva
Victoria’s asset sale; MinRes’ gag request; Wesfarmers’ rates alert
Read everything that’s happened in the news so far today.
Powell shrugs off Trump’s plan for a ‘shadow’ Fed chairman
The US central bank chief said his institution has “broad support” on Capitol Hill, and was confident of a solid relationship with the new Treasury secretary.
- Colby Smith
US Fed keep options open for December rate cut
Financial markets are focused on the last US Federal Reserve meeting for the year, but officials are keeping their cards close to their chest.
- Craig Torres and Jonnelle Marte
The new world order looks like mercantilism
The chaotic politics of the past 16 years masked the steady development of a new economic order, but trade and the economy aren’t zero-sum games.
- John Authers
- Opinion
- Interest rates
The golden opportunity’ that investors are overlooking
Thanks to an inactive Reserve Bank, Australians have been blindsided by term deposit rates that are up near 5 per cent. They should instead be selling stocks and looking at bonds.
- Updated
- Tim Hext
November
Why Trump’s trade war doesn’t faze this central bank chief
ECB president Christine Lagarde takes aim at claim that tariffs will “make America great again” – but calls for negotiation, not retaliation with the US.
- Roula Khalaf, Patrick Jenkins and Olaf Storbeck
Fed’s favoured inflation metric edges up, GDP steady
The data bolsters comments by many Fed officials that there’s no rush to cut rates so long as the labour market remains healthy and the economy strong.
- Updated
- Augusta Saraiva and Matthew Boesler
- Opinion
- Trump's White House
Three ways to tackle Trump’s looming tariff war
Canada, Mexico and China have options to avoid a trade war with the US president-elect. Here’s what they could do.
- Alan Beattie
- Analysis
- Trump's White House
Inside Musk’s first bitter fight with Trump
Scott Bessent prevailed as the top nominee for Treasury secretary after a fierce battle for influence inside the president-elect’s court.
- James Fontanella-Khan, Antoine Gara and Colby Smith
US October retail sales affirm strength of economy
Rate cut bets were pared after a better-than-expected 0.4 per cent rise in retail sales last month and an upwardly revised 0.8 per cent rise in September.
- Lucia Mutikani
Powell says no need to rush rate cuts
Federal Reserve chairman Jerome Powell said the strong US economy has given central bankers room to lower interest rates at a careful pace.
- Chrisopher Rugaber
Fed still on track to cut rates in December: CPI view
The three-month annualised rate of consumer prices increased by almost 0.5 percentage point to 3.6pc in October. Economists say the pace won’t derail another rate cut.
- Timothy Moore
US inflation stays firm for third month with 0.3pc core CPI gain
The figures, along with strong consumer spending and economic growth, will keep Fed officials cautious as they debate how quickly to reduce borrowing costs.
- Molly Smith
US dollar surge to wreak havoc on $A, commodities
The powerful rally in the greenback since the US election has prompted strategists to rapidly adjust currency forecasts as investors flee metals and the Aussie dollar.
- Alex Gluyas
- Opinion
- Interest rates
Powell doesn’t fear Trump, and yet can’t contain him
If the president-elect’s policy initiatives prove modest, the Federal Reserve’s delay in responding won’t matter too much.
- Bill Dudley
- Opinion
- The AFR View
Australia must learn the right lessons from US election
Inflation cut across all other issues for US voters, regardless of race, gender and age. What should that be telling us?
- The AFR View
Central banks, traders brush off fears of Trump-led inflation spike
Federal Reserve chairman Jerome Powell said the US election would not impact Fed policy after it cut rates and flagged more to come.
- Cecile Lefort
