News about Bill Evans

Jim Beard, a musician known for his work with Steely Dan, has died at the age of 63, according to reports. Deadline reports that the composer and producer died in a hospital in New York City on Saturday, March 2nd, from sudden illness. Beard had been a member of Steely Dan since 2008 and had recently traveled with the Eagles for their Long Goodbye tour.

On Sunday, Romeo Nance, 23, opened fire at a 42-year-old man, shooting him in the leg. The man is supposed to recover, but eight others were shot by Nance not. Nance died in Texas on Monday, 1,000 miles from the site of the massacre in Joliet, Illinois. His motives are yet to be revealed, but police said on Tuesday that he was linked to the majority of the victims.

After being connected to three separate shootings in Joliet in the previous two days, Romeo Nance, 23, was on the run. Following a 'confrontation' with police, a frantic manhunt was launched until he was safely trapped 1,191-miles away in Natalia, Texas, around 8.30 p.m. on Monday and shot himself dead.

Finance expert and Australian businessman Mark Bouris has issued his prediction for interest rates and why he thinks good news is on the way for homeowners

Even though inflation is decreasing, the Commonwealth Bank (right) and Westpac (left) are both expecting another interest rate increase on Tuesday. The home lender giants' forecasts are at odds with the futures market, with August 1's rate rise being regarded as only a 10% chance. The seven-year term of Reserve Bank of Australia Governor Philip Lowe (inset) will end on September 17.

As a result of interest rate increases, close to 138,000 Australians could lose their jobs by the end of next year. The Reserve Bank, headed by Philip Lowe, left, has hinted that the unemployment rate could rise even more for the first time. Although May's unemployment rate of 3.6 percent is at a nearly 48-year low, the RBA is forecasting it to hit 4.5 percent by the end of 2024. That will result in a 26.7 percent rise in the number of people without work in a labour force of 14.5 million people (Sydney bartender, correct).

After Easter next year, Westpac chief economist Bill Evans is now expecting the Reserve Bank to lower interest rates (Sydney auction, left). The Reserve Bank could have a new governor by then, with Philip Lowe's replacement expected to be announced this week.

Governor Philip Lowe of the Reserve Bank is moving to Westpac to become the Reserve Bank's chief economic advisor. Dr. Lowe (right) could also be affected by Luci Ellis' departure from the RBA after 32 years. This week, Treasurer Jim Chalmers is due to announce a replacement for Lowe.

As interest rates climb, house prices have dropped below $1 million in idyllic beachside areas from the Gold Coast (Biggera Waters, bottom left) to Melbourne's Mornington Peninsula (Tootgarook, bottom right) and the Central Coast north of Sydney. In Maroubra, Sydney's top left) and Lennox Head (top right) near Byron Bay, apartment values are still below seven figures. Westpac, ANZ, and NAB are among the many rate hikes anticipated in July and August.

National Australia Bank (branch left) has revised its estimates to see the Reserve Bank raising rates in July and August, bringing the cash rate to a 12-year high of 4.6 percent and increasing monthly mortgage repayments by $295. Analysts at NAB warn that a big increase in the minimum wage (bartender, correct) will keep inflation high. Despite rising rates, the majority of Australians are still hoping that house prices will increase in the coming year, with a think tank warning that record immigration will result in the country's population is 252,800 homes short by 2028.

With another rate rise, AMP chief economist Shane Oliver warns Australia's unemployment could push Australia into recession, and that monetary policy will have to be tightened by December. If you're considering raising your rates, your chance of recession is going to rise.' According to Daily Mail Australia, the economy could fall faster. The 11 rate increases in a year are the most notable since the Reserve Bank introduced a target cash rate in 1990 (graphic pictured). With inflation risings at a much higher rate than the RBA's 2 to 3 percent target, Governor Philip Lowe (left) and his board have predicted that more rate increases would occur. Both NAB and ANZ are forecasting another rate increase in 2023, which would bring the cash rate to an 11-year high of 4.1 percent.

The property is located in Beulah, a town in Victoria's southern Mallee region, and was listed earlier this month. The low price is certain to attract prospective buyers, but they've been warned to consider seriously before making an offer. The property's owner, Domain.com.au, claims that you'll need to watch more than a few episodes of The Block before starting to work on it.' Photographs depict filthy rooms strewn with garbage and severely damaged walls and furniture. There is a bungalow attached to the house, but it is also in a bad shape and needs to be repaired.

Treasurer Jim Chalmers has increased rental assistance to help reduce the cost of living. However, an economist claims that this would raise inflation as JobSeeker's wages rise. The Reserve Bank of Australia, four days before Tuesday night's Budget, warned that rent inflation is likely to rise over the next year or so, as well as add materially to inflation.' Governor Philip Lowe of RBA has also warned of more rate increases.

Both Westpac and National Australia Bank (logos, right) have announced their withdrawal from the Reserve Bank (Governor Philip Lowe, left) rate increases, which likely brings about another halt on May 2. According to experts, inflation is expected to fall back to the RBA's 2 to 3 target range by mid-2025. The increase in inflation in Australia this year slowed to 7 percent in March from a 32-year high of 7.8 percent in December.

Due to high immigration, Westpac is expected to see home prices in Sydney, Melbourne, Brisbane, and Perth increase in 2024. Following ten consecutive interest rate increases, population growth is expected to support a rebound in real estate values, with another expected in May.

The Boston Marathon takes place one decade after a terrorist bombing at the finish line of the race and subsequent manhunt, killing four victims and one of two attackers. On Sunday, the Boston Marathon bombing took place, but reminders of the tragedy were evident throughout the 127th running of the event. A robotic dog was seen checking the area for bombs outside of the usual signs and memorials. Photographers had followed it, capturing the strange location. This year's competition includes survivors of the One Fund tragedy in 2013, as well as friends and family of the victims and those raising funds for related causes.

In April, Australia's major banks are facing an interest rate freeze. With inflation moderating, this will be the first time in a year where the Reserve Bank (Governor Philip Lowe, left) hasn't inflicted agony on home borrowers. A rate halt on Tuesday was a 56% chance, according to Gareth Aird, the Commonwealth Bank's head of Australian economics, and there was another 0.2 percentage point rise on April 4 as a 25 percent chance. 'A pause in April, as well as a hike bias, makes a lot of sense,' he said. Rate cuts are expected in late 2023 (Sydney auction, right), but Westpac and NAB see the cuts starting in early 2024.

The Reserve Bank of Australia is expected to begin lowering interest rates in mid-2023, according to the futures market. With the RBA hinting at a rate rise halt in April, US bank failures (Silicon Valley Bank's headquarters in California, left) have changed forecasts. The Reserve Bank's March meeting minutes, which were released on Tuesday, indicated that it had considered a halt, highlighting unexpected events that could jeopardize global financial stability. 'They agreed that forthcoming studies on jobs, inflation, retail trade, and company surveys would have valuable additional detail, as well as global economic trends,' it said.'

Bill Evans, the chief economist of Westpac, is now expecting the Reserve Bank to postpone an interest rate hike planned for April as Credit Suisse's woes ignite concerns about global financial instability.

CoreLogic, a real estate data company, believes Australian house rates will return after the Reserve Bank stops raising interest rates. The net overseas migration rate of 303,700 in October was significantly higher than the 180,000 predicted for this financial year. The population growth rate in a year was also much higher than that of the United States' average of 0.4 percent and New Zealand's 0.2 percent. The president of The Australian Population and Research Institute, Bob Birrell, said higher numbers of international students contributed to the increase in Australia's net annual immigration level, and was the principal reason of a student shortage in Sydney (Randwick queue, left) and Melbourne, in particular.

Following the demise of American banks, the futures market is no longer expecting the Reserve Bank of Australia to raise interest rates. It was forecast three rate hikes two weeks ago.

By halting the steady rise in interest rates, RBA Governor Philip Lowe (left) has boosted the possibility that the central bank is going to step off the economic recession. Following the latest rate increase, several analysts noticed the subtle addition of the word 'when' in Dr. Lowe's tweet, meaning that despite ten straight rises, the rises will cease being automatic every month. Mortgage holders' rates soared to an 11-year high of 3.6 percent on Tuesday, putting mortgage holders under growing strain.

On Saturday, the Reserve Bank of Australia governor (left and right) spent a relaxing day on the green at Bonnie Doon Golf Club in Pagewood, Sydney's eastern suburbs. Dr. Lowe's total income would barely grow if you add up your membership fees of around $10,000 per year. The 61-year-old is estimated to be earning $911,728 a year and lives in a Randwick house worth at least $4 million per year, as well as a more than $10 million. During a relaxed Saturday, Dr. Lowe was seen pushing his golf cart around the course for the tenth time.

Bill Evans, the chief economist, of Westpac, is now expecting the Reserve Bank of Australia to cut interest rates seven times in 2024 and 2025, but not before borrower demand increases by May. Although we expect the economy to stagnate in the second half of 2023, there will not be enough progress in getting inflation to target by the end of 2023 to allow for earlier rate cuts,' he said.