interest rates

RBA Cuts Interest Rates to 3.85% as Trade Tensions Mount

by
RBA Cuts Interest Rates to 3.85% as Trade Tensions Mount

The Reserve Bank of Australia (RBA) has lowered its cash rate to 3.85%, marking its second rate cut in 2025, as global trade tensions and economic uncertainties intensify. This decision, announced on May 20, 2025, reflects the RBA’s cautious response to a slowing global economy and potential risks to Australia’s export-driven market. The move aims … Read more

Trump’s War on Fed Chair Powell Threatens Central Bank Independence

by

As of April 21, 2025, President Donald Trump has ramped up his attacks on Federal Reserve Chair Jerome Powell, threatening to remove him amid economic turbulence and a looming Supreme Court decision that could ease such a move. Trump, frustrated by Powell’s reluctance to slash interest rates aggressively, recently stated, “Powell’s not doing what’s right … Read more