The Latest Breaking News from Paul Volcker

Silicon Valley's platform leaps always seem to happen in times of economic turmoil.

Among the nation's 400 largest housing markets tracked by Zillow, 124 markets remain at their peak.

An interest rate increase? On the agenda? Try eight, actually happening. Dr Lowe and his RBA colleagues did get left behind.

The Spanish-American philosopher George Santayana famously warned that "those who cannot remember the past are condemned to repeat it". But sometimes even those who can recall the past have a selective memory and draw the wrong conclusions. This is how the global policy response to the current bout of inflation…

A collapse in credibility under the former Tory PM is being followed by a return to ‘sado-monetarism’ under the new one

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a U.S. and global recession, economists surveyed by Bloomberg said.

U.S. inflation, as measured by the Federal Reserve's preferred Personal Consumption Expenditures (PCE) Price Index, remains unchanged at 6.2% annually in September, according to the Bureau of Economic Analysis.

The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.