Record high debt keeping rates at historic low 1.5pc

first_img MORE: Clive Palmer’s son loses small fortune on land bank FOLLOW SOPHIE FOSTER ON FACEBOOK Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 MORE: How much would you pay for a shed? MORE: Pat Rafter misses out on $1m payday MORE: NRL star’s renovated unit goes viral The overwhelming view was that it would remain in neutral (95 per cent probability).“While risks abound, the RBA Gov. indicated on November 20 the central scenario is playing out highlighting “the economy is moving in the right direction and further progress is expected in lowering unemployment and having inflation consistent with the target”.”Mr Newnaha added that annual wage growth not expected to rise above 2.75 per cent for at least the next two years “the RBA would be hard pressed to turn hawkish now”. Economists predict the Reserve Bank will keep the official cash rate at 1.5 per cent at the final board meeting of 2018 on Tuesday December 4. Picture: AAP Image/Brendan Esposito.The Reserve Bank board will keep rates at a historic low 1.5 per cent when it meets for the last time in 2018 on Tuesday — and your debts could be playing a part in that, analysts say.Financial experts and analysts across the board believe the RBA board was now “stuck in neutral” when it came to the official cash rate forecasts — and record high borrowing levels could be playing a role in that.The probability of RBA increasing rates by 25 basis points would rise in the New Year though, with TD Securities picking a 38 per cent chance by November 2019. Probability of a 25 bps RBA move from 1.5 per cent. Source: TD Securities/BloombergTD Securities senior Asia-Pacific rates strategist Prashant Newnaha said RBA’s focus on financial stability implied “there is a low probability the Bank will turn dovish with household debt to income at record highs”.He quoted RBA’s recent statement that “…the outlook for household consumption growth continues to represent a significant uncertainty for the forecasts”.The probability of RBA dropping rates was just 4 per cent, according to TB Securities analysis, and even more unlikely was that it would raise rates (1 per cent probability).More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agolast_img read more

Cricket News Kuldeep Yadav 5/99 highlights rain-hit day in Sydney Test

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The rain and gloom around the Sydney Cricket Ground which dominated play on day 4 mirrored the mood of the Australian cricket team, who were now on the threshold of losing a series to an Asian nation for the first time ever. When play did happen, Kuldeep Yadav spun a web and picked up a five-wicket haul in his first Test in Australia, giving India a 322-run lead. After 33 years, India had enforced the follow-on in Australia. Coincidentally, when it happened the first time in 1986, the venue was Sydney. However, bad light and rain returned and only 25.2 overs were possible on the fourth day of the final Test on Sunday.When rain washed out the entire first session, the dynamics centered on how Virat Kohli would approach the situation considering that he had nothing to lose. When play resumed, Mohammed Shami got a delivery to stay low to breach the defences of Pat Cummins (25), who had once again shown tremendous application like the way he did in Melbourne. Peter Handscomb tackled Kuldeep brilliantly by sweeping and whipping him for two boundaries but once Jasprit Bumrah got Handscomb (36) inside-edging back onto the stumps, the tail was exposed.Read More | Kuldeep Yadav takes five wickets in first game in AustraliaKuldeep trapped Nathan Lyon (0) with a flighted delivery and the batsman missed the sweep. The chinaman should have gotten his fifth immediately afterwards when Josh Hazlewood miscued a slog to midwicket only for Hanuma Vihari to spill the chance. Hazlewood and Starc proceeded to frustrate Kohli’s push for an early enforcement of the follow-on as they stitched a 42-run stand. However, Kuldeep finally had his fifer when he trapped Hazlewood (21) in front with a quicker delivery that skid through. His haul of 5/99 was his second five-wicket haul in his career and he became only the second Indian left-arm spinner and the first chinaman bowler to take a five-wicket haul in Australia after Bishan Singh Bedi.Read More | India v Australia, highlight: Bad light ends play, Kohli’s side on topAustralia were bowled out for 300 and India, armed with a massive lead, enforced the follow-on with both Marcus Harris and Usman Khawaja surviving some tricky overs. However, with the light deteriorating, early tea was taken but the rain ensured no further play was possible. The weather is expected to remain the same tomorrow as well, but it is just a mere formality as Kohli and his Indian cricket team etches their names in the history books. last_img read more

Fan reactions to Syracuse’s loss at No.7 Louisville

first_img Published on February 26, 2017 at 4:09 pm Contact Nick: nialvare@syr.edu | @nick_a_alvarez [View the story “SU-UofL” on Storify] Comments Facebook Twitter Google+last_img

Football speculation is becoming frustrating

first_imgAren’t we all sick of speculating yet? Every possible outcome for Saturday’s season opening football game against Alabama has been written about. We have discussed what could happen if the Trojans win, lose or tie. In fact, we’ve done so much forecasting, it seems that come Saturday night, when the scores are all final, everyone will be able to turn to their friends smugly and say, “Well, I saw that one coming.”Everyone has a different approach to the beginning of football season, and the fact that there are so many unique ways to experience football is one of the reasons it is such a popular sport. For example, there are the people (and there are a lot of them) who are all about the predictions and “what ifs.” The majority of my friends fall into this category and they frequently get in heated debates about whether or not head coach Clay Helton selected the correct starting quarterback.There are the people who think they can coach or play better than the people on the field and sidelines. Most of the time this is just a ridiculously ignorant comment, but it can certainly be good for a laugh.At USC, football is more than just a sport. It is the culture that comes with tailgates, Song Girls and a special white horse. The magic of football goes beyond the field, especially as a student, and that is something that has been out of reach because of the circumstances of this year’s opening game. Traveling to Dallas, playing the storied Alabama Crimson Tide — who are the defending champions and top-ranked team in the country no less — is a once-in-a-lifetime experience for most fans, student media and athletes, but it loses a little of the USC magic.Nonetheless, I am ready for it to be game day. Saturday will mark what is bound to be an exceptional game in one way or another — it wouldn’t be a USC football season without some unanticipated intrigue.Perhaps the following weekend will be even more exciting, however, when the Trojans return home to the Coliseum and Saturday becomes a day filled with Cardinal and Gold.Of course football season isn’t just about the fluff: the marching band, the lighting of the torch, the Fight Song. More so than at other schools, the success of the football season is defined by results on the field. Football is a million-dollar industry and is treated like a business. Reputations, jobs and money are on the line every time the Trojans take the field, but isn’t it a little ridiculous to pin the success of the whole season on one game?We as a fan base know little about redshirt junior quarterback Max Browne yet choose to continually decide whether or not he is qualified and capable of leading this team. How can we say he was or was not the correct choice? The same theory holds true for Helton.While I understand and respect that football is the sport that a majority of people are the most passionate about, I have grown increasingly tired of the hoopla surrounding a game when there is no real gauge on what to expect.Football season is back, and with it comes the highs and the lows of unguarded anticipation.Hailey Tucker is a junior majoring in broadcast and digital journalism. She is also the sports editor of the Daily Trojan. Her column, “Tucker Talks,” runs Wednesdays.last_img read more

Dolphins believe Howard, Breida represent upgrade at RB

first_img LIVE TV First Published: 6th August, 2020 09:00 IST FOLLOW US WATCH US LIVE Last Updated: 6th August, 2020 09:00 IST Dolphins Believe Howard, Breida Represent Upgrade At RB With two new running backs, the Miami Dolphins’ ground game will look a lot different in 2020, and that’s good SUBSCRIBE TO UScenter_img Written By With two new running backs, the Miami Dolphins’ ground game will look a lot different in 2020, and that’s good.“There aren’t a whole lot of things that we can be certain of this year,” quarterback Ryan Fitzpatrick said, “but I would put a lot of money on me not being the leading rusher.”He was last year. The achievement was a testament to the 37-year-old Fitzpatrick’s pluck, but also a reflection of the dismal productivity by Miami’s running backs.The Dolphins believe veteran newcomers Jordan Howard and Matt Breida represent a significant upgrade at the position, providing more punch and versatility for an offense that last year averaged 72 yards rushing per game, worst in the NFL since 2006.“We brought in some dynamic talent, and guys that are hungry,” Fitzpatrick said.Last year the Dolphins went 5-11, and their running backs averaged less than 3 yards per carry. Kalen Ballage led the team with 74 carries but averaged 1.8 yards, the lowest figure for a running back with at least 70 carries since 1936.Fitzpatrick bested any of the running backs with 243 yards and a 4.5 average. Breida smiled Wednesday when asked about Fitzpatrick’s odd accomplishment.“At first I thought it wasn’t true,” Breida said. “Me and Fitz talked about that the other day. I just told him, ‘You can still run, Fitz. You’re going to have to give me a run for my money this year.’”The Dolphins hope not; they would prefer Breida and Howard do the bulk of the ball-carrying. The duo will run behind a line that should be better after Miami added tackle Austin Jackson and guard Robert Hunt in the first two rounds of the draft.Howard, a power runner, signed as a free agent in March. Breida, a speedy breakaway threat, was acquired in April from the San Francisco 49ers for a fifth-round draft pick.They’re expected to share playing time under new offensive coordinator Chan Gailey, who has a long history of success in the ground game.“I know he has big plans for the running backs and how he is going to use us,” Breida said.Those plans likely include getting Breida into space. He averaged 5.0 yards per carry in three seasons with the 49ers, and last year 15 percent of his runs went for at least 10 yards, best in the league.The native of Brandon, Florida, considers himself the NFL’s fastest player.“I got a Lamborghini not too long ago,” he said. “I like doing everything fast.”Breida helped the 49ers reach the Super Bowl last season, but Howard has appeared in only one playoff game in his four NFL seasons.“I definitely feel overlooked,” Howard said. “When I was racking up a lot of those yards I was on a losing team, so people don’t really pay attention to that, and I don’t really blame them.”This season, unlike last year, the Dolphins’ running backs might be worth watching.Image credits: AP Associated Press Television News COMMENTlast_img read more