The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers.
Food and agribusiness billionaires reportedly raised their collective wealth by 42 per cent in the last two years.
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High food prices are exposing yet another risk of our hyper-concentrated global food system and strengthening the case for more diversified and decentralized alternatives.
Food prices in South Africa are rising.
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A bigger-than-expected jump in inflation means the Fed may have to get more aggressive about interest rate hikes. An obscure economic indicator suggests it has room to do so.
Critics ought to acknowledge that on average over time Australia’s Reserve Bank has met its inflation target, but it is worthwhile examining the way it is run.
For ECB President Christine Lagarde, inflation is turning into a blooming nightmare.
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For the past 30 years or so, the RBA has targeted an inflation rate of 2-3%. But the rationale for a rate that low was always weak, and has since broken down.
Interest rate hike may not directly impact the average Nigerian.
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It is hard to fathom how Nigeria’s Central Bank interest rate increase would benefit most Nigerians.
Heavy rains in April 2022 killed dozens of people and destroyed thousands of homes in Durban, South Africa.
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New Treasurer Jim Chalmers with Treasury Secretary Steven Kennedy, Reserve Bank Governor Philip Lowe, and Australian Competition and Consumer Commission chair Gina Cass-Gottlieb at parliament house on Wednesday.
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Politics with Michelle Grattan: Treasurer Jim Chalmers on the ‘spiky’ parts of Australia’s inflation problem
Michelle Grattan speaks with the New Treasurer Jim Chalmers as he intends to deliver a "pretty blunt, pretty frank" assessment of Australia's challenges to parliament soon after it returns
Inflation, a slowdown in China and recessions in the US and elsewhere are big risks. Labor’s mandate is limited. It needs to build the case for an expanded one now.