During economic downturns, the incomes of low earners were particularly hard hit and didn't recover, research finds
The 75-basis-point increase brings the key rate to the highest level since 2018
Fed's inflation fight to hit spending, investment
Systemic stress looks low as global monetary conditions tighten
Another European rate hike expected in September; Bank of Japan short-term policy rate stays at minus 0.1%
Today’s approach by central banks means inflation is unlikely to be as bad as it was in the 1970s
Prices up nearly 29% year-over-year for edible fats and oils; air transport up 6.4% month-over-month
Rising interest rates are a factor, but "the supply issue has not gone away"
The central bank now forecasts that inflation will remain at 8% over the next few months
Esther George of the Kansas City Fed sounded a more cautionary note in a speech Monday