Studies show Trump policies would cause ‘significant tightening in the already-tight job market’, hurting many sectors.
Many households will have to wait for some time to feel the benefit of lower interest rates.
Central bank’s rate-setting committee says it has ‘greater confidence’ inflation is moving towards two-percent target.
Since 2020, average US home prices are up 50% while wages have risen 23%, making home purchases out of reach for many.
New Zealanders are seeking opportunity overseas at unprecedented rates amid disillusionment over house prices and jobs.
The central bank said it now needs to guard against the risk that the economy is too weak.
The US Fed has signalled rate cuts are coming, while other major central banks have started lowering borrowing costs.
Powell says the ‘downside risks to employment have increased’ as he lays out his rationale for rate cuts.
The downgrade has raised concerns the US economy is slowing and the Fed has waited too long to cut interest rates.
Harris’s economic views are largely unknown, but inflation is a red flag for the Democratic presidential nominee.
The annual increase in inflation slowed to below three percent for the first time in nearly 3.5 years.
The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.
Petrol will cost up to 15 percent more from Friday.
Households have cut back discretionary spending as they set aside money to pay debt, slowing growth.
