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Fed reserve increase rates – what it means for you

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Mortgage repayments in the United States are on the rise again, with the Federal Reserve hiking rates by three-quarters of a percent for the second month in a row

The Fed is trying to push down runaway inflation without creating a recession.

It’s the most dramatic action taken by the Fed since the 1990s, and will impact loan repayments for millions of Americans.

Mortgages, car loans and credit cards will all be impacted.

Markets expected the move after Fed officials telegraphed the increase in a series of statements over recent weeks.

Central bankers say the priority is to bring down inflation, even if it slows down the economy.

 Fed Chair Jerome Powell doesn’t believe the US economy is in recession, though growth was negative in the first quarter and was expected to be barely positive in the second quarter.

Mortgage rates have been rapidly climbing since the beginning of 2022, and currently sit at 5.7% for a fixed-rate mortgage. 

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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AI search evolves as Google’s owners boost value

Are advertisers concerned about AI search affecting clicks despite Alphabet’s strong Q1 driven by AI, YouTube, and Cloud?

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Are advertisers concerned about AI search affecting clicks despite Alphabet’s strong Q1 driven by AI, YouTube, and Cloud?


Are advertisers really worried about AI search cannibalising clicks?

Alphabet just crushed expectations in its Q1 update, driven by AI, YouTube, and Cloud. But concerns around regulation and search revenue still linger.

#google #business #markets #ticker #tickernews

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Albanese warns against Trump-style politics in Australia

Albanese warns Australia against adopting US-style politics, linking Dutton to Trump amid election discussions on trade.

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Albanese warns Australia against adopting US-style politics, linking Dutton to Trump amid election discussions on trade.

In Short

Anthony Albanese warns against the influence of US politics, particularly Donald Trump’s divisive style, on Australia.

He expressed the need to maintain Australia’s unique political culture as the nation approaches its election.

Anthony Albanese has made significant comments regarding Donald Trump and the impact of US politics on Australia. The Prime Minister expressed that the division in the US has implications for Liberal leader Peter Dutton.

Mr Trump has suggested he may discuss tariffs with Australia after the upcoming election. Albanese cautioned Australians against adopting US-style politics.

He stated that voters in Australia are not receptive to Trump’s influence or Dutton’s alignment with him.

President Trump acknowledged Australia’s outreach on trade matters.

Open to talk

When asked if he would discuss trade with Mr Albanese, Trump confirmed he would be open to conversation. Albanese reiterated the importance of maintaining Australia’s unique political culture.

He pointed out that Australians perceive the US as a polarized society, which is unhealthy.

In an exclusive interview, Albanese emphasized that Australians do not desire such division in their political landscape. His remarks highlight the contrast between Australian and American political dynamics.

This ongoing dialogue between leaders reflects concerns about the potential importation of divisive politics into Australia.

Albanese’s comments serve as a reminder of the risks associated with political extremism. As Australia heads into its election, the Prime Minister’s warnings could resonate with voters prioritising unity and stability.

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Democrats rally against Trump amid voter dissatisfaction

Democrats intensify resistance to Trump amid voter dissatisfaction with leadership, planning speeches and protests to showcase opposition efforts.

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Democrats intensify resistance to Trump amid voter dissatisfaction with leadership, planning speeches and protests to showcase opposition efforts.

In Short

Congressional Democrats are under pressure to oppose President Trump as he completes his first 100 days in office, feeling their base is dissatisfied with their efforts.

They are organising events and speeches to highlight their resistance while acknowledging challenges due to their minority status.

Congressional Democrats face significant challenges as President Donald Trump marks his first 100 days in office.

The party is increasingly anxious that base voters feel they are not doing enough to oppose the administration.

In response, Democrats have organised a series of speeches, sit-ins, and events aimed at showing they are actively resisting Trump’s controversial policies.

Senate Democrats plan to keep the floor open late into the evening to deliver speeches critical of what Minority Leader Chuck Schumer describes as “100 days of hell.”

Trump’s agenda

They will gather with House Democrats on the Senate steps to voice their opposition to Trump’s agenda.

Schumer expressed their commitment, stating that they will consistently highlight the differences between Democratic unity and Republican disarray.

He stressed that resistance will come from Democrats, the courts, and the American public as long as Trump pursues what he calls a dangerous path.

Democrats face mounting pressure from voters dissatisfied with their efforts to oppose the president.

Recent polling indicates a significant disapproval of congressional leadership within the Democratic party, with 61% of voters expressing dissatisfaction with Schumer and House Democratic Leader Hakeem Jeffries.

With Republicans controlling the White House and Congress, Democrats find it challenging to block administration initiatives.

Senate Minority Whip Dick Durbin acknowledged the frustration among their supporters but emphasised their commitment to doing their best given their minority status.

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