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IMF says Australia may need further interest rate rises to tame inflation

IMF says Australia may need further interest rate rises to tame inflation

SYDNEY, Sept 17 (Reuters) - The International Monetary Fund (IMF) said on Thursday that Australia's central bank may need to raise interest rates further, with inflation expected to remain elevated this year before gradually cooling into the central bank's target band.

Sydney housing slump creates pandemic-sized hole in state tax take

Sydney housing slump creates pandemic-sized hole in state tax take

By Stella Qiu SYDNEY, Sept 16 (Reuters) - The Australian state of New South Wales, home to one of the world's most expensive housing markets in Sydney, saw tax revenue from home sales dive more than 20% in August, the lowest monthly intake since the COVID-19 pandemic.

Shares and short-term yields edge up after Fed hike, focus turns to BoE

Shares and short-term yields edge up after Fed hike, focus turns to BoE

By Marc Jones and Stella Qiu LONDON/SYDNEY, Sept 17 (Reuters) - World shares shuffled higher and the dollar nestled at a seven-week high on Thursday, after the U.S.

Major central banks on tightening path amid energy price shock

Major central banks on tightening path amid energy price shock

By Stefano Rebaudo and Sophie Kiderlin Sept 17 (Reuters) - Major central banks are on a tightening path, with the Federal Reserve recalibrating its policy to a more restrictive stance on Wednesday, even as traders continue to price in a more aggressive policy response than projected in the U.S.

Shares tick higher as Fed hikes rates, dollar jumps with short-term yields

Shares tick higher as Fed hikes rates, dollar jumps with short-term yields

By Stella Qiu SYDNEY, Sept 17 (Reuters) - Shares edged up in Asia on Thursday as investors bet the Federal Reserve is finally getting the jump on inflation, delivering its first rate hike in more than three years and calming a global bond selloff that had sent long-term yields soaring.

Goldman's October hike call underscores renewed Fed tightening risks

Goldman's October hike call underscores renewed Fed tightening risks

By Rashika Singh BENGALURU, Sept 17 (Reuters) - Goldman Sachs expects the US Federal Reserve to raise interest rates again in October after policymakers signaled they may need to tighten further to bring inflation back to target, following the central bank's first rate hike in three years.

Dollar eases from peak as oil prices extend decline, BoJ in focus

Dollar eases from peak as oil prices extend decline, BoJ in focus

By Stefano Rebaudo Sept 17 (Reuters) - The dollar climbed to a seven-week high on Thursday after the Federal Reserve raised rates and reaffirmed its commitment to curbing inflation, though it later eased as energy prices extended their fall on diminishing fears of supply disruptions.

Morning Bid: A time to hike?

Morning Bid: A time to hike?

By Anna Szymanski Sept 16 (Reuters) - An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision.

Shares edge up after Fed hike, dollar firm on short-term yields

Shares edge up after Fed hike, dollar firm on short-term yields

By Stella Qiu SYDNEY, Sept 17 (Reuters) - Shares edged up in Asia on Thursday as investors bet the Federal Reserve is finally getting the jump on inflation, delivering its first rate hike in more than three years and calming a global bond selloff that had sent long-term yields soaring.

Morning Bid: Fed lifts the hawkish bar for BoE

Morning Bid: Fed lifts the hawkish bar for BoE

A look at the day ahead in European and global markets from Stella Qiu Turns out the guy Trump hired to cut interest rates just raised them instead.

Morning Bid: A timely hike

Morning Bid: A timely hike

By Anna Szymanski Sept 17 (Reuters) - Stocks edged up early on Thursday as investors digested the Federal Reserve's first interest rate hike in three years. The central bank lifted the benchmark rate by a quarter point to 3.75%-4.00% and signalled more tightening to come.

Dollar eases from seven-week peak as oil prices extend decline

Dollar eases from seven-week peak as oil prices extend decline

By Jiaxing Li HONG KONG, Sept 17 (Reuters) - The dollar clung to a seven-week high on Thursday after the Federal Reserve raised interest rates and flagged more hikes in the coming months, with traders now zeroing in on how central banks in the UK and Japan will respond to inflation pressures.