Inflation nation: The Fed raises rates, again

The war in Iran has entered its fourth day with further American and Israeli strikes, and Iranian retaliation across the region. Now Israel’s prime minister Binyamin Netanyahu has launched a ground offensive in Lebanon. Attacks on Tehran involved the use of Artificial Intelligenc ...  Show more

This weekend, America and Israel launched long-anticipated attacks on Iran, killing Ali Khamenei, the country’s supreme leader. Our correspondents analyse what his death means for the country and the strategy behind Iran’s retaliation. We report how Gulf States are dealing with u ...  Show more

America’s Federal Reserve made its third straight 0.75% <a href="https://www.economist.com/finance-and-economics/2022/09/21/as-america-raises-rates-the-rest-of-the-world-bears-the-pain?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery. ...  Show more

To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.

The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ...

America’s central bank has <a href="https://www.economist.com/graphic-detail/2022/07/27/the-fed-is-no-longer-taking-baby-steps-to-rein-in-inflation?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_ ...  Show more

For over a decade, America’s central bank has had an inflation target of 2%. On Wednesday, the Federal Reserve announced that it would keep its main interest rate unchanged in order to try and get inflation to that magic number. But what if the Fed is thinking about inflation all ...  Show more