The Latest Breaking News from Inflation

The Week Ahead: The Federal Reserve’s dual mandate balancing act with its other big responsibility

The Federal Reserve’s dual mandate for monetary policy says nothing explicit about stabilizing the banking system or shoring up Americans’ confidence in their financial institutions. The central bank has two goals when setting interest rates: maximum employment and stable prices.

Miami Herald · Mar 17, 2023

BBC licence fee set to increase by £13, according to reports

That will mean paying £172 a year to watch BBC shows and listen to BBC radio

Wales Online · Mar 17, 2023

OECD raises global growth forecast but recovery 'fragile'

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.

Bangkok Post · Mar 17, 2023

Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle

Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed.

Chicago Tribune · Mar 17, 2023

Editorial: The Fed needs to keep hiking despite SVB turmoil

Last week, after hawkish testimony from Federal Reserve Chair Jerome Powell, markets penciled in a half-point increase in interest rates following the central bank’s next policy meeting. On Friday, the run on Silicon Valley Bank and subsequent fears of a wider crisis changed many investors’ minds. Some bet that the…

Tribune News Service · Mar 17, 2023

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The New Daily · Mar 17, 2023

First Republic gets new rescue as fears percolate

Inflationary pressures are boosting rates, which in turn are exposing cracks in the foundation of the global financial system.

Axios · Mar 16, 2023

Homeowners with tracker mortgage will pay €1,000 more a year after ECB hike

An average mortgage of €300,000 for 25 years will see their bills rise by an extra €960, €80 a month, because of the hike

Irish Mirror · Mar 16, 2023

ECB hikes interest rates despite banking turmoil

The European Central Bank has raised key interest rates by 0.5%, despite recent turmoil in the banking sector. John Leer, chief economist at Morning Consult, said he expects most central banks to stay the course as they fight high inflation – and that could affect more lenders. "As interest rates…

France 24 · Mar 16, 2023

Taoiseach Leo Varadkar says banks 'can’t have it both ways' after ECB rate hike

Speaking in Washington DC, Mr Varadkar ruled out reintroducing mortgage interest relief to help Irish customers who are facing higher mortgage payments in the coming weeks and months

Irish Mirror · Mar 16, 2023