A recession-free landing for the Fed may be harder now.
AP Photo/Alex Brandon
The Fed’s decision to raise rates is likely to put more pressure on regional banks, which will make it harder to avoid a recession.
Paul Osborne/AAP
In this podcast, Michelle Grattan discusses the blueprint for reform with commission chair, Michael Brennan
A volunteer bags groceries to hand to people in need at a Sun Youth charity location in Montréal in July 2022.
THE CANADIAN PRESS/Graham Hughes
Canada’s official poverty measure only focuses on income and ignores other important factors, meaning there are millions of Canadians living in poverty that are ignored by the measure.
Fed chair Jerome Powell opted for a cautious approach on rates.
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The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Decision time: Jerome Powell, chair of the Federal Reserve.
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The two central banks were due to raise rates aggressively, but then came the banking crisis.
Not for turning: ECB President Christine Lagarde.
Sueddeutsche Zeitung Photo
The banking crisis has been caused by the interest rate rises, and further hikes were supposed to be a no no.
UK chancellor Jeremy Hunt outside 11 Downing Street in London before presenting the latest government budget to Parliament.
Tolga Akmen/EPA-EFE
Maret 15, 2023
Phil Tomlinson , University of Bath ; Alan Shipman , The Open University ; Andrew Burlinson , University of East Anglia ; Catherine Waddams , University of East Anglia ; Despina Alexiadou , University of Strathclyde ; Gavin Midgley , University of Surrey ; Jim Watson , UCL ; Karen Bloor , University of York ; Karl Matikonis , Queen's University Belfast , dan Steven McCabe , Birmingham City University
Childcare, pensions and support for energy bills are among the main budget plans for the UK government.
Fed Chair Jerome Powell has a tricky job in balancing inflation fears with recession fears.
AP Photo/Jose Luis Magana
The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
People queue outside a bank in Lagos on February 22, 2023. Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.
Patrick Meinhardt / AFP
There are at least five errors that marred the currency redesign policy of the Central Bank of Nigeria, most of which could have been avoided.
Iurii Motov/Shutterstock
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
Happy days.
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Central banks have been signalling that rate rises are going to get more aggressive again, but can the economy actually take it?
A change in food prices might immediately address the lack of economic access to food but will not address the root causes of food insecurity.
(Shutterstock)
A drop in food prices might immediately address the lack of economic access to food but will not address the root causes of food insecurity.
shutterstock.
Shutterstock
Since the pandemic Australian workers’ share of national income and purchasing power has fallen at an unprecedented rate. New policies are needed.
Paramedics and ambulance staff striking for better pay in January 2023.
Ajit Wick/Shutterstock
Concerns about the credibility of pay review bodies could boost collective bargaining on worker pay.
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What a new president needs to know as he takes the reins of a deeply divided and disillusioned country.
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Australia faces an unpredictable global outlook, rising interest rates and wages not keeping up with the cost of living.
In December 2022, inflation (not comprising food and energy) reached 5.4%: a record in the Eurozone.
Pxhere, CC BY-SA
What will happen to the euro zone’s rising prices in 2023? Here’s an overview of the factors which might influence inflation’s acceleration or deceleration.
In October, Loblaw announced a price freeze on one of its in-store brands through a letter from Loblaw Companies chair and president Galen Weston. The promotion ended on Jan. 31.
(Shutterstock)
Galen Weston’s brand as a spokesperson might be friendly and affable, but his organization’s pricing strategies are anything but.
Lukas Coch/AAP
Reserve Bank of Australia governor Philip Lowe is unrepentant about the prospect of further interest-rate rises. In fact, he says there’s a risk the bank is not doing enough.
A food vendor in Bulawayo, Zimbabwe. The rise in food prices has begun to ease in the country.
Photo by Zinyange Auntony/AFP via Getty Images
A slowdown in price rises, combined with the shift to less aggressive rate hikes, is good news for the minister’s budget initiatives on growth.