Economics
Why the World’s Most Enduring Growth Story Is Starting to Wobble
- Fed funds rate hasn’t been this far above cash rate since 1983
- Australia set to end 2 1/2-year interest-rate pause on Tuesday
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Investors are giving up on the developed world’s most enduring economic growth story.
Australia hasn’t recorded two straight quarters of economic contraction since the first half of 1991, meaning it’s just a month away from overtaking the Dutch record and posting 28 years of continuous expansion.