Mr Powell told reporters he didn't think future rate rises would cause a recession in the US and, if it looked like the US was about to tip into a recession, he said the US central bank was prepared to change course swiftly.thinks the US could go into recession in the next year.
The US economy is the biggest in the world and if it dips into recession, the rest of the world is likely to follow."While I am still hopeful the Australian economy can avoid recession, it is"Either way, our share market will likely follow the US into bear market territory."Technically, it's when the value of shares has fallen by 20 per cent or more from a recent high over a sustained period of time.
So interest rates need to go up to slow down spending to slow down inflation — which ultimately will make the cost of living cheaper. But if interest rates go up too quickly, they could make people stop spending altogether and grind the economy to a halt.So we're keeping our eyes on inflation and interest rates as key figures. Here's where they're at:
. Don't tell me: one is positive and the other negative... .
Get ready for part 2 tomorrow
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Choose your poison’: First homebuyers face awful dilemma due to recent property market changes - realestate.com.auRecent changes in the housing market have left first-time buyers with two risky choices that one buyer’s agent has compared to “choosing your poison”.
Source: dailytelegraph - 🏆 21. / 51 Read more »
We've seen big stock market falls before but here's why this one is 'different'As the share market enters a technical correction the raw fear is that if uncontrollable inflation is at the root of this downturn, it's anyone's guess as to when the bulk of the selling will be over, writes David Taylor. I don't care Doesn't affect me. Different? And the crystal ball says? The calm before the storm? One thing is certain..Superannuation will again take yet another major hit compatible to the financial collapse in 2009 even. Two steps forward one step back scenario and stagnating since the start of the pandemic. . BUT... If a company had a PE of 8x just last year, and their sales don't decline too badly, then their lower share price make their PE even better at 4x or 5x. That's a yield of 12-15% often 100% fully franked. Oh yes it is. Oh yes there are. $ADH .
Source: abcnews - 🏆 5. / 83 Read more »
Australian share market suffers more than $80 billion loss | 7NEWSAustralia’s share market has taken a major nosedive, shedding tens of billions of dollars in value as fears grow over a worldwide recession. Subscribe to 7N... Less than Dan Andrews' debt that he's given Victoria 🤔
Source: 7NewsAustralia - 🏆 11. / 71 Read more »