It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
One Federal Reserve official warns that interest rates may need to rise instead of being cut to control inflation. Despite progress in lowering inflation, risks remain high due to supply chain issues, geopolitical factors, government spending, and a tight labor market. The official emphasizes caution in easing policy too soon as it could lead to a resurgence of inflation.
Central banks, including the German Bundesbank and the European Central Bank (ECB), incurred significant losses in 2023 due to higher interest rates affecting their securities holdings. The Bundesbank reported no distributable profit, while the ECB lost 1.3 billion euros. Despite these financial challenges, central banks maintain their ability to implement monetary policies and ensure price stability.
