interest rates

Here are five lessons every investor can take away from FY22.

It’s pretty much guaranteed that the RBA will keep lifting interest rates in a bid to curb inflation. So, what does that mean for the Australian property market?

Australia has thus far remained relatively immune from the inflation challenge occurring around the world, but the 5.1 per cent CPI result in May was met with significant concern from the central bank. While the majority was explicable, being rolling impacts on energy, education and property costs from the pandemic, the Reserve Bank has responded in the same way as most of its global counterparts.

Fund managers were among the top performers of the day, with Magellan gaining 2.1 percent. Here are three Buys that the brokers are confident will outperform.

A 50bps interest rate hike by the RBA wasn’t what anyone was expecting. It takes the cash rate to 85bps – well ahead of most economists’ expectations. What are the knock-on effects?

Whilst it is clear that leaving interest rates at an ’emergency’ level isn’t appropriate, it is difficult to believe that the Australian cash rate will be above 3 per cent, as the market predicts, in 2023. A 50-basis point increase in mortgage rates that are in many cases below 2 per cent will hit people and businesses, but most likely property prices, hard. 

Inflation and rate rises are back on the table it seems, after this week’s US Federal Reserve Board meeting, Chairman Jerome Powell indicated that rate hikes could come in 2023, but no mention of when scaling back of bond buying would begin. His comments took markets by surprise signalling a change in policy sooner than…

Rough day as rate hike hits, Challenger, Seven, Coles offer market updates The ASX 200 (ASX: XJO) finished down 0.4% on Thursday in what some are calling a sell-off after news that the Federal Reserve may hike interest rates earlier than expected, in 2023. Markets took this with a grain of salt, not selling off heavily, ending more focused…

Nasdaq rally, NZ travel bubble, merger activity sends market higher The ASX200 (ASX:XJO) followed a strong US lead on Tuesday, adding 0.8% with the industrials and IT sectors the key drivers. The risk-on mood boosted Afterpay Ltd (ASX:APT) by 10% and competitor Zip Co (ASX:Z1P) by 9.1% after what has been a difficult few months for the BNPL companies. By far the…

Challenger Financial Group (ASX: CGF) reported $842 million in Australian equity sales in the first quarter of the 2020-21 financial year, this represented 35 per cent growth on 2019 levels. The standout though, was a doubling in lifetime annuity sales to $208 million as investors returned to an asset class that was last popular in…