High debt, weak wages leave RBA on ‘different track’ to US Fed – The Australian Financial Review

High household debt and the lack of a “definitive pick-up” in wages growth were key reasons the Reserve Bank of Australia left the official cash rate steady this month, putting it on a “different” trajectory to the US Federal Reserve, according to Treasurer Scott Morrison. In another sign monetary policy is to remain stalled in…

Caribbean Faith Leaders Call for Debt Relief and More – IDN InDepthNews | Analysis That Matters

By J C Suresh TORONTO (IDN) Ahead of the next hurricane season in the Caribbean, faith leaders are calling for action from government leaders, the United Nations system, the International Monetary Fund (IMF) and regional development institutions. A statement signed and endorsed by 22 religious leaders from Grenada to Saint Lucia is urging the establishment…

Would Cancelling All Student Debt Help The Economy? New Study Projects Boost in GDP by Wiping Out Student Debt – CBN News

Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…