Philip Lowe admits the RBA erred on its rate rise timing – but there were messaging misfires too Could Australia’s reserve bank have done a much better job of controlling inflationary expectations? The Guardian - AU · Sep 9, 2022
Gasoline prices: They're down, then they're up, now they're down. But why? No household staple has been spared the creep of inflation — not milk and definitely not gasoline, both conveniently sold by the gallon and essential to many family routines. Tribune News Service · Sep 8, 2022
Truss’ policy will suppress inflation but stoke interest rates While the policy will reduce inflation in the near term, by supporting economic activity it will boost inflation further ahead Evening Standard · Sep 8, 2022
Truss energy bill freeze will not come cheap and economic effects are unclear Questions remain over the costs, the funding of the plan and inflation as free-market stance is put to one side The Guardian - UK · Sep 8, 2022
Animals farmed: China’s pork inflation, rabbit farm closes and UK mega-farms Welcome to our monthly roundup of the biggest issues in farming and food production, with must-read reports from around the web The Guardian - UK · Sep 8, 2022
Powell: Higher rates won't likely cause deep US recession The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment The Independent UK · Sep 8, 2022
Inflation management can't be singularly left to RBI: Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said inflation management cannot be "singularly" left to the monetary policy as a majority of activities are outside its purview in the current context. The Times of India · Sep 8, 2022
ECB delivers record-setting rate hike FRANKFURT: The European Central Bank (ECB) announced the largest interest rate increase in its history on Thursday and said there were more to come as it scrambles to pull inflation down from record heights. Bangkok Post · Sep 8, 2022
ECB raises interest rates across eurozone by record margin European Central Bank sets aside recession fears to increase rates by 0.75 of a percentage point to 1.25% The Guardian - UK · Sep 8, 2022
ECB makes biggest rate hike in eurozone history lifting rates by 0.75% European Central Bank intensifies its fight against inflation but euro falls under parity with the dollar Evening Standard · Sep 8, 2022
ECB announces major increase in eurozone interest rates The ECB lifted its deposit rate to 0.75% from zero and raised the main refinancing rate to 1.25%, which is their highest level since 2011 Dublin Live · Sep 8, 2022
How much will a house cost by 2030? Predictions and tips to start saving Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,… Tribune News Service · Sep 8, 2022
European Central Bank unveils the biggest interest rate hike in its 24-year history The super-sized interest rate hike comes at a staggering moment for the eurozone economy. Axios · Sep 8, 2022
Fewer Americans apply for jobless aid last week Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation The Independent UK · Sep 8, 2022
Reuters · Sep 8, 2022 Tested PM or new right bloc? Swedish voters undecided as hard winter looms The energy crisis, soaring inflation and war in Ukraine could help Social Democrat Prime Minister Magdalena Andersson to secure another term in office if Swedes decide to vote for a safe pair of hands in Sunday's parliamentary election.
The New Daily · Sep 8, 2022 RBA boss Philip Lowe flags slower rate hikes, rebukes critics calling for his resignation Reserve Bank governor Philip Lowe has foreshadowed slower mortgage bill hikes later this year as the bank grapples with massive uncertainties about the outlook for soaring inflation and the economy.
Reason · Sep 8, 2022 A Young Joe Biden Mocked Gerald Ford's 'Whip Inflation Now' Slogan. Now He Faces His Own Inflation Mess. During his own inflation crisis, President Ford called on the American public to do their part through personal fiscal discipline.
The Guardian - US · Sep 8, 2022 ‘This is the future’: rural Virginia pivots from coal to green jobs Region’s long awaited energy and economic transition will be substantially boosted by US’s first climate legislation, the Inflation Reduction Act
The Independent UK · Sep 8, 2022 Cost of living: How to cope with the rise in prices Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all
WEKU · Sep 8, 2022 Poll: Abortion and inflation collide as top issues in midterm elections Democrats and many independents are motivated by the issue of abortion, while Republicans have the advantage on the economy, according to a new NPR/PBS NewsHour/Marist poll.
Dynamite News · Sep 8, 2022 From 2 per cent to 13 per cent, Nirmala Sitharaman explains India's Russian crude oil import The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday. Read…
The Guardian - UK · Sep 8, 2022 ECB hikes interest rates by record 75bp and slashes growth forecasts – as it happened Christine Lagarde warns that eurozone economic growth is weakening, but EBC plumps for record increase in borrowing costs to curb inflation
Asharq Al-Awsat · Sep 8, 2022 Owner of Britain's Primark Warns of Lower Profit Next Year Associated British Foods warned of lower profit next year, as its Primark fashion business struggles with rising costs and surging inflation hammers the disposable incomes of British consumers. ABF said soaring energy bills and its decision to limit further price hikes would hurt fashion chain Primark and its margins next…
The Independent UK · Sep 8, 2022 European Central Bank to join US Fed in outsized rate hikes Europe is going to see higher interest rates
The Hindu · Sep 8, 2022 Importing Russian oil part of inflation management, says Nirmala Sitharaman Other countries were also doing something similar, the Finance Minister said