Fed Chair Jerome Powell bristles at talk of managing climate change, but the damage it is doing the US economy is hard to ignore, as the latest National Climate Assessment shows.
Peter Martin, Crawford School of Public Policy, Australian National University
It’ll now be a frugal Christmas in many Australian homes. But there is a glimmer of good news: if we do tighten our belts, rates could start to come down by as early as the middle of next year.
In this podcast, independent economist Chris Richardson joins The Conversation to discuss a rate rise, "sticky" inflation, the fall in the standard of living, and a bleak prospect as we go into 2024.
Central banks balance different factors when raising rates – or not – including inflation and the labour market. But what other countries are doing also has an effect.
A swift intervention by the US Federal Reserve has kept most banks on their feet, but September/October is often the time when financial crises come to a head.
With an inflation rate peaking at just 4.4%, Japan seems to be getting something right about managing economic pressures. How does it do this, and should New Zealand revisit its own strategies?
Many Canadians are puzzled by food prices remaining high despite the Bank of Canada’s efforts to curb inflation. If interest rate policies aren’t bringing food prices down, then what will?