The Australian's Washington Correspondent Adam Creighton says there is “doom and gloom” in the US as fears grow for a recession, with the cash rate continuing to climb.
The Australian’s Washington Correspondent Adam Creighton says there is “doom and gloom” in the US as fears grow for a recession, with the cash rate continuing to climb.
“There’s been lots of doom and gloom over here – the cash rate, the interest rate here – has gone from basically zero to 4.75 per cent in about 12 months, that’s a very rapid increase,” Mr Creighton told Sky News host Sharri Markson.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian sailing legend Syd Fischer dies aged 95A property developer renowned for being tough in sailing and business, Fischer contested the last of his 47 Sydney to Hobart yacht races in 2015 at the age of 88.
Read more »
How an electric dream means one Australian suburb may dramatically cut their power billsHis bold ideas caught the eye of the US president. Now inventor Saul Griffith is sparking an energy revolution in Australia, with a goal to create the first all-electric community where households could save $3,000 a year on their energy bills.
Read more »
British military urged to 'buy Australian' after UK clinches lucrative defence contracts Down UnderThe Defence Industry Minister challenges the UK to purchase more Australian-made military equipment like Bushmasters given British companies have won billions of dollars of recent contracts here, including the lucrative Hunter-class frigate program.
Read more »
ASX LIVE: Australian shares to fall on rising US peak interest rate betsAustralian shares are poised to open lower; Woodside, Appen, Downer to report; hot US inflation data sinks $A; bond yields jump. Follow updates here.
Read more »
ASX LIVE: Australian shares to fall on rising US peak interest rate betsAustralian shares to open lower; Kogan reduces inventories by 38pc; Praemium posts record earnings; Aussie Broadband upgrades guidance; Liberty first-half profit drops 11pc. Follow updates here.
Read more »