Australia’s wealthiest are set to lose out as the government tweaks tax changes to help low- and middle-income earners struggling with soaring living costs. The biggest losers under Prime Minister Anthony Albanese’s new policy will be Australians earning over A$190,000 ($125,000). While they will still receive a tax cut, it will only be about half … Read more
Good morning. Jerome Powell fails to temper animal spirits in the bond market, Bill Gates says the Paris Agreement climate goals are probably beyond reach, and Bitcoin hits $40,000. Here’s what people are talking about. Bond traders are growing more confident the Federal Reserve has reached the peak of its rate-hiking cycle, even as central … Read more
The new higher-for-longer stage of global monetary policy may last only until the early months of 2024 as central banks begin moving toward cutting borrowing costs. That’s the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift … Read more
Donald Trump’s place at the top of the polls for the 2024 Republican presidential nomination makes him a central figure in the policy debates among the other contenders. Following in Trump’s footsteps, Republican candidates have shifted their views toward favoring a tough trade-policy stance on China while embracing Trump’s 2017 tax cuts. Source link