US Fed Reserve’s inflation challenge

The Federal Open Market Committee of the Federal Reserve at the end of its two-day meeting on July 29 kept the interest rate unchanged at 3.5 per cent to...

Fed report cites 'stepped-up' inflation due to tariffs, Iran war

By contrast, the labour market has stabilised, with demand and supply roughly in balance, and the June unemployment rate of 4.2% still low: Fed report WASHINGTON: US inflation 'stepped...

The mood

Inflation's maths

Broke or not

Workers struggle despite full-time employment

Estelle O'Brien never expected to need to use a food bank. The 45-year-old, from south London, has always worked full-time, weaving the everyday complexities of raising two young children...

India says retail inflation may accelerate on fuel price rise

NEW DELHI: India's retail inflation could rise as a result of recent fuel ‌price hikes and weaker-than-normal monsoon rains, the country’s ​finance ⁠ministry said in a report on ‌Saturday,...

Fed policymakers eye possible rate hike as inflation risks rise

WASHINGTON: Federal Reserve officials continued to signal the ‌US central bank may need to raise interest rates in the future if the war leads to a persistent increase in...

Gas tax suspension would provide welcome relief

I’m not a knee-jerk anti-tax fellow. While no one enjoys paying taxes, I recognise that federal, state and local levies fund a broad range of critical needs, from schools,...

US inflation firming as Iran war drives up energy prices

US inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and ‌cementing economists' views that the Federal...