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Fed boss Jerome Powell says that political events don’t play a part in the central bank’s thinking

The US presidential election is casting a long shadow over the Fed

Lingering inflation has caused hopes for US interest rate cuts to wither. And that means the US central bank risks becoming dragged into a divisive US presidential campaign.

  • 13 mins ago
  • Karen Maley
Isuzu’s D-Max ute.

What Charles Dickens can teach you about utes

The English author mapped out the lobbying tactics of the legacy car makers against vehicle emissions standards 170 years ago.

  • 24 mins ago
  • Tristan Edis
Podcasts can offer practical and problem-focused techniques to help with anxiety.

Six podcasts to soothe your anxious mind

At a time of unsettling news at home and abroad, these shows offer tips and first-person accounts to alleviate a spiralling sense of unease.

  • 29 mins ago
  • Emma Dibdin
Joe Biden has said that he is hoping Jerome Powell will announce a rate cut this year.

Powell bristles at election influence on rate cuts

The Federal Reserve chairman has taken umbrage at suggestions monetary policy decisions will be influenced by the US presidential election.

  • 38 mins ago
  • Matthew Cranston
Mui Mui nylon briefs will set you back $1370.

How did a pair of nylon knickers become a hot fashion item?

Miu Miu’s pants are the world’s third most in-demand piece of clothing right now.

  • 49 mins ago
  • Laura Craik
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NAB reported its half-year results on Thursday.

NAB reloads $1.5b buyback despite earnings miss

National Australia Bank’s interim cash earnings fell 12.8 per cent to $3.55 billion, just short of consensus forecasts.

  • 1 hr ago
  • Lucas Baird and James Eyers
Jerome Powell’s confidence in falling inflation is wavering a little.

Investors aren’t falling for Powell’s ‘confidence’ trick

The Fed chairman has made it clear the bar for a rate rise is very high. But while he hasn’t lost faith in disinflation, rate cuts are moving further away, too.  

  • 1 hr ago
  • James Thomson
Zendaya has been selective in her brand ambassador roles. LVMH has all but hired her, pairing her with Bulgari jewellery and Vuitton Capucines bags.

Why this actress is now the chief Gen Z torchbearer of cool

Zendaya’s films have earned $US2.6 billion so far, making the 27-year-old former Disney star a multimillionaire – and a social media favourite.

  • 1 hr ago
  • Stephen Armstrong
The ASX 200 is set to drop.

ASX futures fall; US Fed holds rates, NAB declares flat dividend

ASX futures fall. Woolworths says food prices largely flat. Wall St mixed. Fed chairman says rate rise unlikely. Oil retreats, bitcoin sinks. Follow here.

  • 1 hr ago
  • Natasha Rudra, Tom Richardson, Sarah Jones, Joshua Peach, Cecile Lefort and Joanne Tran
Golda and Fremont.

Bad timing for biopic about an Israeli prime minister

Golda looks at the stakes of high-powered confrontation in the Middle East, and Fremont is a subtle, bittersweet, wryly humorous film.

  • 1 hr ago
  • John McDonald
Jerome Powell said he didn’t think it was likely the Fed would need to consider interest-rate increases.

Powell signals rates will stay higher for longer

The Federal Reserve has kept rates unchanged but chairman Jerome Powell said inflation was still too high despite “sufficiently restrictive” policy.

  • Updated
  • Matthew Cranston
Australian Prime Minister Anthony Albanese.

PM promises more action on domestic violence at next national cabinet

Prime Minister Anthony Albanese says the $925 million to combat gender-based violence is just a “first step”; US secretary of state Antony Blinken has hiked pressure on Hamas to accept Israel’s ceasefire deal.

  • David Marin-Guzman
Wall Street.

ASX to lift; Powell says rate increase is ‘unlikely’ as Fed holds

Australian shares are poised to rise after the Federal Reserve held interest rates unchanged.

Should we pay off our mortgage or keep it for a line of credit?

A line of credit can serve as a financial lifeline – the trick is to know when to let go.

  • Penny Wise
Susan Anderson Global VP Uber Retail and Grocery in Sydney this week.

Uber’s new retail boss has a plan to shake up groceries in Australia

Susan Anderson says online penetration for the $130 billion Australian grocery sector is still low. She predicts a big step change within the next few years.

  • Patrick Durkin
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Ben Potter, Jacob Greber on The Fin.

Nuclear power: Could we? Should we?

This week on The Fin podcast: Ben Potter and Jacob Greber on Dutton’s atomic bet, the economics of nuclear energy and whether the AI revolution changes the debate.

Undersupply and cashed-up buyers are driving house prices higher. But affordability may limit that growth.

What every buyer needs to know about auction clearance rates

The widely followed metric is often seized upon for clues over the direction of the market, but isn’t always a good indicator of when to buy or sell.

  • Tom Richardson
Owners have been questioning whether their strata managers can truly be trusted to be acting in their best interests

There’s more trouble coming for apartment owners. Here’s why

The Netstrata insurance scandal rocked the strata management industry in NSW but that’s just the beginning as an independent inquiry starts to dig deeper.

  • Jimmy Thomson
Deutsche Bank pulled out of Australian equity capital markets and equities trading in 2019.

Deutsche Bank veteran exits after spearheading a five-year restructure

Hugh Macdonald has led the European bank’s investment banking arm since 2020.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Powered by downsizers, upgraders and investors: But the coming development boom will offer little to first home buyers.

A housing boom is coming – for the wealthy

Investors, downsizers and upgraders will drive the next wave of residential development. First home buyers will hardly get a look in.

  • Michael Bleby