Unbearable pressure: Fed Chair Jay Powell.
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Central bankers are set to slow down their rate hikes.
The Fed is taking aim at its inflation target.
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The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.
The Bank of England in Threadneedle Street, London is the Central bank of the United Kingdom.
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The Bank of England expects a long UK recession but believes interest rates may not need to increase much more.
Mortgages can haunt homeowners.
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With 30-year fixed rates hitting a 20-year high of 7%, a finance scholar explains where these life-altering loans originated.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
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The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Bank of Canada Governor Tiff Macklem arrives at a press conference in Ottawa on Oct. 26, 2022.
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Because central banks delayed interest rate increases early in the pandemic, they have spent 2022 playing catch-up with runaway inflation.
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Debt is becoming unaffordable.
Another prime minister shown the door.
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Only months into the job, Prime Minister Liz Truss is on her way out already, leaving her government in search of a new leader and a way to regain public trust.
“Mortgage approved”: an increasingly unlikely outcome in the current environment.
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Borrowers want to know when soaring mortgage rates will go down again.
Battlestations: Bank of England Governor Andrew Bailey.
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And don’t be surprised if a sovereign downgrade makes the problem even worse.
Rise and fall?
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A deepening recession risk will keep home ownership out of reach for many.
Will he stay or will go?
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The expected relationship between government and central bank policy has broken down in the UK.
The Bank of England has indicated that the UK may have already entered a recession based on preliminary data.
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Explaining why it can be so difficult to pinpoint whether or not an economy is in recession.
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An economist explains what young people need to know about the mini budget, and how to protect yourself financially.
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The time to fix the roof is while the sun is still shining. Before the economic situation goes from bad to worse, the impact of rising interest rates can be mitigated in a combination of ways.
The Fed has a mandate that keeps its focus on the U.S.
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The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
The credibility of John Major’s government arguably never recovered.
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On September 16 1992 the state fought the markets, and the markets won.
Lower gas prices will put downward pressure on inflation.
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Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
The Bank of England, London.
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Reforming the Bank of England to help it tackle inflation may end up compromising its independence.
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As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?