The US economy shrank for a second straight quarter. While some call that a recession or a strong sign of one, a financial economist explains why the term probably doesn’t yet apply.
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.
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.
Peter Martin, Crawford School of Public Policy, Australian National University
New treasurer Jim Chalmers was part of Australia’s successful effort to avoid the last US-led “great recession” in 2008. He may need to draw on those lessons sooner than we’d like.
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
A bipartisan group of US lawmakers is pushing for a ban on active trading by members of Congress following accusations that some of their colleagues may have engaged in insider trading.