How interest rate hikes ripple throughout the economy
When the Fed raises interest rates, the central bank is ultimately hoping to stabilize rapidly rising prices
inflation
Rising rent prices are keeping inflation high
One of the biggest drivers of inflation has been higher rent prices.
After 2008’s financial crisis, life went back to normal. Will it this time?
Like Boris Johnson, Liz Truss trades on optimism that the usual terms of economic life are bound to return.
Workers are being punished for inflation. The real culprit is corporate greed
Prices at the gas pump have drifted down a bit in the last month but are still eye-popping. At the same time, Exxon just reported second-quarter profits of $17.9bn, more than three times what it earned a year ago.
China’s bicycle kingdom returns as fuel price, coronavirus bring two-wheelers back in vogue
Proportion of people travelling by bicycle in central Beijing hit a near-decade high of 47.8 per cent last year, with some spending up to 100,000 yuan (US$14,800)
4 factors that could determine if gas prices will keep falling
Rising gas prices have been a major driver of inflation. A government report released last week showed that an increase in energy prices fueled a big jump in inflation in June, when the Consumer Price Index rose 9.1 percent from a year earlier, a new four-decade high. Gas prices soared after demand for oil rebounded from pandemic lows and Russia’s invasion of Ukraine drove up oil prices.
UK inflation rise is worrying but Bank of England must not overreact
A year earlier, inflation stood at 2.5% and looked to be steady as the world emerged from the worst of the coronavirus pandemic.
How will we know if we’re in a recession?
Fears of a recession have surged as the Federal Reserve lifts interest rates to cool consumer demand and tame the fastest pace of inflation in four decades.
The inflation numbers are bad — but how bad are they?
Nearly everything grew more expensive, but the price gains were mainly fueled by an increase in energy, food, and shelter costs, which have been climbing for months amid supply chain disruptions and Russia’s invasion of Ukraine.
Sri Lanka’s protests are just the beginning of global instability
The domestic political turmoil unfolding in Sri Lanka also links back to the instability across the globe, including the war in Ukraine and all of its consequences.