DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold Heads for Weekly Drop as Powell Speech Awaited

Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday, while mulling comments from other officials on monetary policy. Three Fed policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, and a fourth said he wanted to avoid taking further action œunless we have to, foreshadowing a sharp debate with officials...

Gold Futures Post a Gain For a 4th Week in a Row

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...

Gold Prices Drop Ahead of Jackson Hole Symposium

Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, fell 0.2% to $1,504.85 by 1:11 AM ET (05:11 GMT). Markets currently expect the Fed to slash rates again at its next meeting in September, but uncertainties surrounding the direction of future...

Tokyo Shares Flat Ahead of Fed Chair Powell Speech

Tokyo shares were treading water Friday as investors awaited a key address by the US Federal Reserve chair, who has come under pressure from the White House to cut rates. The benchmark Nikkei 225 index fell marginally, slipping 0.01 percent or 2.41 points to 20,625.60 in early trade, while the broader Topix index added 0.08 percent or 1.13 points to 1,499.19. Source : AFP

Trump Cancels Plan to Cut Off Foreign Aid

President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress. "The president has explained about waste and asking for our foreign assistance, and asks that we have to spend the aid money," said a senior White House official. But after making an important contribution the Republicans and Democrats announced support for the effort, Trump finally gave...

RBA Monitoring Job Market Closely, to Adjust Rates If Needed
Tuesday, 16 July 2019 08:53 WIB | FISCAL & MONETARY |RBAEkonomi Australia

Australia's central bank is focused on the jobs market and said it will adjust policy if needed to support economic growth and keep inflation on track to return to target.

In minutes of its July 2 meeting, when it cut interest rates for a second month to a record-low 1%, the Reserve Bank noted wages growth remained low overall and œspare capacity was likely to remain in the labor market for some time.

The easing would œpromote stronger overall economic conditions, it said Tuesday. œThe extent of spare capacity in the economy, and the likely pace at which it would be absorbed, meant that a decline in interest rates was unlikely to encourage and unwelcome material pick-up in borrowing by households. 

Governor Philip Lowe executed the first back-to-back rate cuts in seven years in June-July, citing the bank's estimate that unemployment could fall to about 4.5% before triggering faster inflation. He had kept the cash rate on hold for almost three years prior in an effort to deflate a property bubble and discourage heavily-indebted households taking on more leverage.

While the RBA has conceded rate cuts at this level show diminishing returns, it expects the two reductions to lower the currency's level and free up cash for consumers and firms. Yet the former is in increasing doubt as major central banks from Washington to Tokyo to Brussels are also now easing, and not everyone can have a weaker exchange rate.

Board members noted œthe significant change in the expected path of monetary policy around the world, particularly in the U.S., the minutes said.

While the RBA is looking to push down unemployment from the current 5.2% level, it also acknowledged that forward-looking indicators suggest employment growth œwould moderate over coming months. While Australia has enjoyed a jobs boom in the past two years, it has been absorbed by a higher participation rate rather than a lower unemployment rate.

The RBA noted the jobless rates in major advanced economies were at œhistorically low levels and yet this had failed to translate into faster inflation, as Australia is also finding.

The bank reiterated in its concluding paragraph: œthe board would continue to monitor developments in the labor market closely and adjust monetary policy if needed to support sustainable growth in the economy and the achievement of the inflation target over time.

Growth slowed in recent quarters under as households reined in spending in response to falling property prices. These have begun to stabilize and the RBA's bullish case is that a combination of this, interest-rate and tax cuts, infrastructure expansion and renewed resource investment will revive the economy.

Source : Bloomberg

RELATED NEWS
Carney Says No-Deal Brexit Would Probably Lead to BOE Easing...
Saturday, 24 August 2019 03:44 WIB

A collapse of Brexit talks resulting in the U.K. leaving the European Union without a transition agreement would likely prompt the Bank of England to loosen monetary policy, Governor Mark Carney&...

Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'...
Friday, 23 August 2019 21:23 WIB

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gav...

Fed Saw July Rate Cut as Insurance for Growth and Inflation...
Thursday, 22 August 2019 01:24 WIB

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over Presiden...

Australia Central Bank Board Discussed Unconventional Policy at August Meeting...
Tuesday, 20 August 2019 09:04 WIB

Australia's central bank discussed unconventional monetary policies, including negative interest rates, at its August board meeting as it left the door ajar for further easing having already cut rates...

RBA releases quarterly Statement on Monetary Policy: Repeating the same dovishness...
Friday, 9 August 2019 08:55 WIB

The Reserve Bank of Australia has released its quarterly Statement on Monetary Policy. This follows a recent hold in interest rates and a brief statement that indicated fairly modest changes compared ...

POPULAR NEWS
Gold Heads for Weekly Drop as Powell Speech Awaited

Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday, while mulling comments from other officials on monetary policy. Three Fed policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, and a fourth said he wanted to avoid taking further action œunless we have to, foreshadowing a sharp debate with officials...

Gold Futures Post a Gain For a 4th Week in a Row

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...

Gold Prices Drop Ahead of Jackson Hole Symposium

Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, fell 0.2% to $1,504.85 by 1:11 AM ET (05:11 GMT). Markets currently expect the Fed to slash rates again at its next meeting in September, but uncertainties surrounding the direction of future...

Tokyo Shares Flat Ahead of Fed Chair Powell Speech

Tokyo shares were treading water Friday as investors awaited a key address by the US Federal Reserve chair, who has come under pressure from the White House to cut rates. The benchmark Nikkei 225 index fell marginally, slipping 0.01 percent or 2.41 points to 20,625.60 in early trade, while the broader Topix index added 0.08 percent or 1.13 points to 1,499.19. Source : AFP

Trump Cancels Plan to Cut Off Foreign Aid

President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress. "The president has explained about waste and asking for our foreign assistance, and asks that we have to spend the aid money," said a senior White House official. But after making an important contribution the Republicans and Democrats announced support for the effort, Trump finally gave...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.