Tag: inflation
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inflation wasn’t caused by too much money
[ad_1] This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Ethan here, bringing you an interview-based edition of Unhedged. We’re hoping to feature more conversations with smart, interesting people in the finance orbit, in addition to our usual…
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Record Oil Production Challenges GOP Candidates Inflation Theory
[ad_1] Looking for solutions to inflation, a couple of Republican presidential candidates at Wednesday night’s GOP debate pointed the finger at energy costs, saying increased oil drilling would bring down prices across the board. But there’s one arguable flaw in that argument: The United States is already producing oil at a record pace. In response…
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The Fed held interest rates steady while keeping an eye on inflation : NPR
[ad_1] The Fed kept interest rates steady on Wednesday for a second consecutive meeting but will continue to monitor the economy. Fed Chair Jerome Powell (pictured) had previously left the door open for another rate hike if required. Andrew Caballero-Reynolds/AFP via Getty Images hide caption toggle caption Andrew Caballero-Reynolds/AFP via Getty Images The Fed kept…
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Inflation Has Flatlined. Is Our Reliance On Fossil Fuels To Blame?
[ad_1] Inflation was stuck at 6.7% in September, according to the latest figures. Could that be down to our dependence on fossil fuels? While the current rate is far lower than the 41-year high in October last year when it skyrocketed to its peak of 11.1%, it’s still far too high, as the latest stats…
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Inflation cools in Canada: What this means to Canadians
[ad_1] Breadcrumb Trail Links NewsEconomy The odds of further rate hikes from the Bank of Canada shrink dramatically after consumer price index cools Published Oct 17, 2023 • Last updated 2 hours ago • 4 minute read Bank of Canada governor Tiff Macklem. Photo by Sean Kilpatrick /The Canadian Press Article content Canada’s inflation rate cooled…
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UK wages outstrip inflation for first time in two years
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Chancellor Jeremy Hunt welcomed some “good news” for the economy as the latest official figures showed that UK wages are outpacing inflation for the first time in nearly two years.…
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Global policymakers grapple with stickier than expected inflation
[ad_1] This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a week Today’s top stories For up-to-the-minute news updates, visit our live blog Good evening. Contrasting updates from the world’s two biggest economies and a week of warnings from the…
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Inflation Slowdown Remains Bumpy, September Consumer Price Data Shows
[ad_1] Consumer prices grew at the same pace in September as they had in August, a report released on Thursday showed. The data contained evidence that the path toward fully wrangling inflation remains a long and bumpy one. The Consumer Price Index climbed 3.7 percent from a year earlier. That matched the August reading, and…
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Federal Reserve determined to ‘proceed carefully’ on inflation policy
[ad_1] Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Federal Reserve officials agreed in September that the US central bank should “proceed carefully” on interest rate decisions, while acknowledging that monetary policy should remain restrictive for some time, according to minutes from…
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In the Footsteps of Ptolemy: The ‘Science of Monetary Policy’ and the Inflation of 2021-2023
[ad_1] Yves here. This article, which demolishes the widely used economic models that did such a poor job of forecasting our current inflation, also describes how economists have tried fiddling with these models rather than make a major overhaul. Author Servass Storm also sets forth how ineffective Fed action has been so far. The money…