Inflation has slowed. At what cost?

Earlier this month, U.S. ambassador Pete Hoekstra, made the dramatic allegation that Canada could be engaging in election interference in the U.S. The ambassador was pointing to a few different things. One, was comments made by Industry Minister Melanie Joly about Canada’s tariff ...  Show more

On Wednesday, for the first time in three years, the Bank of Canada raised its key interest rate. It’s a modest hike — just 0.25% — but it’s been a controversial one, with several economists arguing that governor Tiff Macklem was jumping the gun, when Canada has by some measures ...  Show more

Rapid inflation has been a problem in the United States for more than two years, but the tide appears to be turning. Annual inflation is now less than half of what it was last summer.

Jeanna Smialek, who covers the Federal Reserve and the U.S. economy for The Times, disc ...

The last time interest rates were this high they came down rather fast. This time central bankers are determined to manage a slow unwind and deliver a return to growth without wreaking havoc on the economy. Will they be successful? This week Steve Keen argues the high interest ra ...  Show more

The price of everyday things - mainly food - is now rising at the lowest level since 2021.   Official data shows inflation eased last month to 3.2% - down from 3.4% - but the fall was slightly less than economists expected.   On the Daily, Niall Paterson looks at what's going on ...  Show more