Some commentary suggests a causal relationship between hiking interest rates and unemployment increasing. It’s not quite that simple, but the days of record high employment are probably numbered.
Russia’s invasion of Ukraine and resulting sanctions are causing oil prices to spike, which is putting more pressure on inflation and increasing the risk of recession.
Biden reappointed Jerome Powell, seated at left, to head the Fed. Some progressives wanted him replaced with Lael Brainard, seated right.
AP Photo/Manuel Balce Ceneta
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.
President Muhammadu Buhari raises his fist during an inspection of honour guards on parade to mark Democracy Day in Abuja, on June 12, 2019.
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Thousands of Chinese producers are at risk of going bust as a result of the outbreak.
Our standard economic model says when labour is scarce, the cost of labour should increase. But something is broken. This is not happening.
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We’re facing a global economic problem that no one really understands or knows how to fix.
Employees at a gas station in Los Angeles watch President Jimmy Carter giving his energy speech over national television on July 15, 1979.
AP Photo/Mao
While many market observers blame growing concerns about inflation for the stock market crash, the real culprit may be fears that the economy is about to slow.
Inflation may be a bull market’s greatest enemy.
AP Photo/Richard Drew
While many market observers blame the growing threat of inflation for the stock market crash, the real culprit may be concerns that the economy is about to slow.