Why central banks are too powerful and have created our inflation crisis
Mar 15, 2023 15:48 pm UTC| Economy Central Banks
Fifty years ago, a war broke out in the Middle East which resulted in a global oil embargo and a dramatic spike in energy prices. The war, between Israel and an Arab coalition led by Egypt and Syria, began on October 6...
Mar 15, 2023 15:45 pm UTC| Economy Central Banks
The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%. Rather, the inflation report...
RBA's latest forecasts are grim. Here are 5 reasons why
Feb 14, 2023 13:22 pm UTC| Economy Central Banks
After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australias latest set of forecasts make for grim reading. The forecasts are part of the central...
Why the Fed raised interest rates by the smallest amount since it began its epic inflation fight
Feb 05, 2023 04:27 am UTC| Central Banks Economy
The Federal Reserves policy-setting committee lifted interest rates on Feb. 1, 2023, by a quarter of a percentage point to a range of 4.5% to 4.75%. The increase, the smallest since the Fed began an aggressive campaign of...
Jan 26, 2023 12:05 pm UTC| Economy Central Banks
The Bank of Canada resolutely declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reaching the banks two per cent inflation target, todays eighth consecutive interest...
With inflation still rising, the RBA will almost certainly lift interest rates in February
Jan 26, 2023 11:54 am UTC| Economy Central Banks
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 its highest rate in 33 years. The data from the Australian Bureau of...
Federal Reserve is about to hike interest rates once again – so why are mortgage rates coming down?
Dec 19, 2022 16:43 pm UTC| Economy Central Banks
The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects