Treasurer Jim Chalmers has termed Australia’s soaring inflation a ‘dragon’ to be slayed even as the Customer Selling price Index (CPI) documents its highest figures in extra than three many years. According to knowledge produced by the Australian Bureau of Data these days, the country’s CPI rose 1.8 for every […]
inflation
Analysis: The Fed is in a high-stakes race to catch up to inflation
At a minimum, the Fed is playing catch-up when it comes to inflation. “The Fed is behind the curve,” Aditya Bhave, senior US and global economist at Bank of America, told CNN. “Wherever you look, you have very strong inflation. It’s a worrying picture for the Fed.” The question is […]
Rising prices: Key inflation measure hits a 39-year high
The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics reported Wednesday. It was also a faster rate of increase than November’s 6.8%, and higher than economists had predicted. Stripping out food […]
‘Increasingly alarmed.’ Joe Manchin goes after the Fed on inflation
In a Thursday letter to Fed Chairman Jerome Powell, Manchin called for the US central bank to immediately reverse course and remove stimulus support for the economy before it overheats. “With the recession over and our strong economic recovery well underway, I am increasingly alarmed that the Fed continues to […]