Inflation
‘It’s coming’: Small businesses brace for power bill shock
Hairdressers and other heavy electricity users, who are already struggling to recover from the pandemic, are bracing for their next challenge: higher power bills.
- by Jessica Yun
Latest
Analysis
Interest rates
World’s central banks got it wrong, and economies pay the price
Even after central banks recognised they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, roiling markets and threatening greater damage to their credibility.
- by Enda Curran
Updated
Federal Reserve
‘Strong action was warranted’: Fed attacks inflation with largest rate hike since 1994
The US Federal Reserve has raised its key interest rate by three-quarters of a point and signalled more large rate increases to come.
- by Christopher Rugaber
Opinion
Minimum wage
Yes, minimum wage rises can hurt jobs, but not this one
The only path to sustainable real wages growth is a sustained improvement in the productivity of our workforce.
- by Jessica Irvine
Updated
Minimum wage
‘Tip over the edge’: 5.2% wage rise hard to absorb, employers argue
Employer groups believe the new minimum wage rate will add further fuel to an economy already at risk of overheating.
- by Jessica Yun
Opinion
EU
The threat of Europe breaking apart is rising as old ghosts emerge
Remember Grexit and Quitaly? The prospect of Italy and Greece exiting the EU has returned as the European Central Bank ramps up the fight against inflation.
- by Stephen Bartholomeusz
Explainer
World markets
What’s stagflation, and what would it mean for you?
Big in the ’70s and ’80s, talk of stagflation has reared its head again. What is it, and are we heading for a new era of it?
- by Clancy Yeates
Opinion
Sharemarket
On high alert: Markets a sea of red as they wait for the big reveal
With markets in turmoil, a critical moment for investors looms at this week’s Fed meeting.
- by Stephen Bartholomeusz
Opinion
Opinion
Shock US inflation a rude reality check for already shaken markets
The Federal Reserve Board meets this week against the backdrop of a shock increase in inflation late on Friday, leaving chair Jerome Powell little choice but to raise rates for the third time this year.
- by Stephen Bartholomeusz
‘We have got to open up quickly’: Business leader Leigh Clifford warns of skills crisis
Former Qantas chairman and Rio Tinto chief executive Leigh Clifford has been made a companion of the Order of Australia. In receiving the honour, he added his voice to the many business leaders calling out for a boost to immigration.
- by Lachlan Abbott
Editorial
Australian economy
It’s not easy but new treasurer must come up with some solution to nation’s problems
Labor is now in government, not in opposition. It cannot merely point out the nation’s problems, it has to find solutions too.
- The Herald's View