inflation

The Reserve Bank of Australia will study a range of data as the nation waits to see if another interest rates rise will arrive in August.

A leading economic indicator has signaled a recession situation for a fifth consecutive month.

Fed policymakers ‘certainly don’t want to cause a recession when it’s unnecessary—that’s the balancing act,’ Ms. Yellen said.

The board said it remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.

The Minneapolis Federal Reserve chief said that policymakers need to see ‘a lot’ more data showing inflation is trending down before an interest rate cut.

The Fed is running tabletop exercises for how it will deal with climate change.

‘I’m not ruling out potential interest-rate increases from here,’ Minneapolis Federal Reserve President Neel Kashkari said.

‘High inflation means high prices, high interest rates, high mortgage rates, and death for the American Dream,’ President Trump said.

Eating out less often, taking from 401(k)s, buying medication overseas, choosing cheaper products—Americans say they are feeling the pain of inflation.

Strong population growth and people re-entering the workforce was adding to labour supply and keeping wages grow at a pace consistent with taming inflation.

Corporate America warns ’the consumer is under pressure.’