Biden ordered the release of 50 million barrels of crude oil to tamp down rising gas prices, the largest drawdown in the reserve’s history.
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Articles on Inflation
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To understand the euro’s weakness, you have to look at the US as well as Europe.
Central bankers are coming under mounting pressure to get inflation under control.
After weeks of mulling, Biden decided to give Powell another term as Fed chair, which means he will have more influence over the trajectory of inflation than anyone else.
True wages growth, and true price growth, is probably less than the official figures suggest – meaning there’s no need for alarm about inflation in Australia.
Central banks have a responsibility in addressing the challenge of climate change. But how? Experts explore some ideas.
The 55 leading economists surveyed by the Economic Society see few signs of Australia aping the US, where inflation has surged to its highest level in 30 years.
Inflation soared 6.2% in October from a year earlier, the fastest pace since 1990.
Against all speculation, the bank decided to hold the base rate at all-time lows for another month.
Nigeria must remove fuel subsidies and channel the funds to critical sectors of its economy.
The Federal Reserve decided to slow its pace of bond-buying, potentially the beginning of the end of a program that’s been supporting the economy since March 2020.
Research finds a link between rising temperatures and inflation.
The Bank of England is weighing up the costs of a change.
Extreme weather is already having an influence on global food prices.
Inflation in the UK in August rose at the highest rate in a decade.
Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
Interest rates, inflation and huge debts will all be up for debate.
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
Consumer spending fuelled by credit cards and bank loans has become central to economic growth, but it wasn’t always.
The unemployment decline isn’t as impressive as it first appears, and wages growth remains sluggish.
Top contributors
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Professor of Economics, UNSW Sydney
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Professorial Fellow, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Professor of Economics & Business, Allegheny College
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Associate Professor of Markets, Public Policy and Law, Boston University
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Senior Lecturer in Economics, The Open University
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Visiting Professor at the Business School, University of the Witwatersrand
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Associate Professor of Finance, Mississippi State University
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Senior Lecturer, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Professor of Economics, University of Nebraska Omaha
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Associate Professor of Economics, Pace University
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Associate Professor in Economics, University of Leeds
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Lecturer in Economics, Monash University
