US Fed rules out rate hikes

The US Federal Reserve sent a couple of signals to investors with its decision to leave rates steady at its latest meeting this week. The central bank and Chair, Jay Powell, ruled out – for the time being at least – a rate cut and a rate rise – which some excitable economists and analysts had been starting to push (the same here in Australia).

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Australian retail sales falls 0.4% in March

Australian retail sales growth vanished when Taylor Swift flew out of Australia at the end of her seven-concert, two-week tour in February. March data from the Australian Bureau of Statistics on Tuesday showed retail turnover fell 0.4% in March after a 0.2% rise in February and a 1% jump in January (which followed a slide the previous December, despite it being Christmas).

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Origin Energy’s stake in Octopus Energy

Origin Energy’s (ASX:ORG) best investment isn’t in Australia – it's the 23% stake in Britain's Octopus Energy, which is going from strength to strength. In fact, Octopus has just become Britain's largest domestic electricity supplier by customer numbers, after the company added 1.3 million accounts following its takeover of Shell Energy late last year. The performance was a standout bright spot for Origin in its March quarterly report out Tuesday.

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