inflation

Mortgage rates, for example, probably already have the Fed hikes built in.

The strategy is aimed at tightening credit and easing inflation. Purdue’s Cathy Zhang worries about the effects on financial markets.

In some sectors, like leisure and hospitality, workers have been quitting and changing jobs, allowing them move into higher-paid positions.

Wages are rising and benefits are getting better. Trouble is, inflation is outpacing pay.

For monetary officials, the personal consumption expenditures gauge beats the CPI. A trip to the grocery store helps explain why.

Price increases have a lot to do with how people see their finances at the moment, but people are also feeling more secure in their jobs.

While some major central banks tighten monetary policy to fight inflation, the Bank of Japan is taking a very different approach.

Wheat prices could increase more than 40% and energy more than 50% this year, according to the bank’s president, David Malpass.

Their salaries, most negotiated for years at a time, haven’t kept up with sharply rising prices.

“A look at the record shows that the Fed often stumbles in its efforts to save the day,” says Ben White, chief economic correspondent at Politico.