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.
A trader at a fresh food market in Nakuru Town. in Kenya. Food inflation has hit double digit figures.
Photo by James Wakibia/SOPA Images/LightRocket via Getty Images
The reality is that the US Federal Reserve has decided price rises must be addressed by raising interest rates. African countries have no choice by to follow suite.
Shopping during an inflationary uptick can require a bit more thought.
Sergey Ryzhov / Shutterstock
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.
Governor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa in June 2022.
THE CANADIAN PRESS/ Patrick Doyle
Everyone is talking about how to alleviate energy prices this winter, but no one acknowledges that the average household has been getting poorer for more than a decade.
While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
New train services like this, in Lagos, are designed to boost economic activities and ease movement of passengers.
Pius Utomi Ekpei/AFP via Getty Images
Economic conditions today are very different from those that informed Bob Hawke’s 1983 summit – and that will affect what unions and the government can get from each other at the 2022 summit.
So far, we are not getting carried away about inflation.
A number of factors have contributed to the recent rise in inflation, including supply chain disruptions, the Russian invasion of Ukraine and labour shortages.
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