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 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.
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.
Our experts weigh up the winners and losers in a budget that had to balance an immediate cost-of-living crisis with long-term ambitions for health and climate change.