Inflation nation: The Fed raises rates, again

Reza Pahlavi, son of the shah deposed in the 1979 revolution, tells us he sees himself as the people’s choice to lead. We ask how that might work. Our correspondent reckons that, in a full accounting of buying versus renting a home, the smart choice has become clear. And our obit ...  Show more

As Maria Corina Machado, Venezuela’s opposition leader, meets with President Donald Trump, we talk through our exclusive polling on what the country wants for its future. Childhood in the age of AI promises to be bespoke and personalised—and perhaps also lonely and atomised. And ...  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