CommSec’s Tom Piotrowski says the market will kick off in “positive territory” today after the United States Federal Reserve announced its decision on interest rates.
CommSec’s Tom Piotrowski says the market will kick off in “positive territory” today after the United States’ Federal Reserve announced its decision on interest rates.
“They’ve raised rate by a quarter of a per cent which is precisely what the market was pricing in,” Mr Piotrowski told Sky News Australia. “So that comes as a great relief … given the fact that the norm in recent history has been rate hikes of half a per cent or three-quarter of a per cent as tended to be the case last year – this is a welcome outcome.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chalmers’ ‘new capitalism’ has Australia becoming a new ‘Venezuela’Treasurer Jim Chalmers’ “new capitalism” will see Australia as the “Venezuela of the Southern Hemisphere”, according to Herald Sun Business Commentator Terry McCrann. “He wants to import all the totalitarian, top-down direction policies of big governments spending your money, telling what you can spend what’s left of your money on,” Mr McCrann told Sky News host James Morrow. “It would create hell on earth.”
Read more »
Labor’s ‘safeguard mechanism’ will do nothing to change global temperature: CanavanNationals Senator Matt Canavan says the Coalition stands against the taxes Labor is “obsessed with” and the “safeguard mechanism” will do nothing but hurt our wealth-producing industries. “The coalition has had a decade of standing against, fighting against these kinds of climate taxes, carbon taxes, the Labor party seem obsessed with,” Mr Canavan told Sky News Australia. “This particular policy has got the Orwellian title of a ‘Safeguard Mechanism’ it will do nothing to change the temperature of the globe. “It just smacks, in the middle of the face, our most prosperous wealth-producing industries.”
Read more »
Albanese says he doesn’t want to ‘delay’ on acting in Alice SpringsPrime Minister Anthony Albanese says he wants to act “as soon as possible” in Alice Springs amid the crime crisis in the town. Mr Albanese’s remarks come as Central Australia regional controller Dorelle Anderson is expected to submit a report today on the Alice Springs alcohol crisis to the Northern Territory and federal governments. “I want not to delay, but I also understand that some of these issues are intergenerational,” Mr Albanese said during a media conference on Wednesday.
Read more »
Labor’s carbon scheme is a tax on ‘hi-vis’ industries: CanavanNationals Senator Matt Canavan says Labor is “hypnotised” by big business as the carbon scheme is a tax on anyone who wears “bright coloured clothing” to work. “The Business Council of Australia I think have got a lot of things wrong lately, the Labor party seems very enamoured with big business, they seem somewhat hypnotised,” Mr Canavan told Sky News Australia. “This is a tax that’s going to hit every Australian – it’s effectively a tax on anyone who has to wear bright coloured clothing to work, it’s a tax on our hi-vis industries. “We will keep fighting for small business, we’ll keep fighting for Australian families who just want a solution to their cost-of-living concerns – this government seems to have no answers for people except these massive new taxes.”
Read more »
Treasurer’s essay is ‘completely aligned’ with the Hawke-Keating legacyCommunications Minister Michelle Rowland says Treasurer Jim Chalmers’ essay is “completely aligned” with the Hawke-Keating legacy. “The fact is that we had a period of stable economics but a reformist government in the Hawke ad Keating years,” she told Sky News Australia. “I think the Treasurer is making a very clear statement here that our role as a Labor government is to be fiscally responsible, good financial management, and, in the end, this is about governing for all Australians.”
Read more »