Inflation

The monetarists were right about inflation, but now they have a very different warning

Monetarists are suddenly the new superstars, and deservedly so. The score of the last 20 months is nul points for the hegemonic New Keynesian group-think: douze points for the forgotten quantity theory of money. The tiny fraternity of monetarists who track esoteric M1, M3, M4 “aggregates” warned in late 2020 that the money supply across …

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5 ways inflation impacts interest rates | Smart Change: Personal Finance

PennyWorks explains the five ways that inflation is affecting interest rates set by the Federal Reserve. 5 ways inflation impacts interest rates 5 ways inflation impacts interest rates As the Federal Reserve raised interest rates by half a percentage point, many Americans are wondering how this move affects their wallets. This increase puts the federal …

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5 ways inflation impacts interest rates | Personal-finance

PennyWorks explains the five ways that inflation is affecting interest rates set by the Federal Reserve. 5 ways inflation impacts interest rates How inflation and interest rates impact household budgets As the Federal Reserve raised interest rates by half a percentage point, many Americans are wondering how this move affects their wallets. This increase puts …

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Rishi Sunak to warn easing cost of living crisis for families ‘won’t be easy’

R. ishi Sunak has warned the “next few months will be tough” as families face the cost of living crisis. Soaring energy bills have pushed the Consumer Prices Index – the headline measure of inflation – to nine per cent in April, a level not seen since 1982. In a speech at a Confederation of …

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STEPHEN GLOVER: What’s the point of our Bank of England Governor and his £ 575,000 salary?

Unlike the Governor of the Bank of England, Andrew Bailey, I don’t have any whirring computers churning out supposedly authoritative inflation and growth forecasts. I’m not able to instruct battalions of alleged experts to produce economic models. Nor do I have a highly paid chief economist with dozens of highly trained staff at my beck …

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Elite groupthink is driving Britain into a nightmare of inflation, idleness and rage

To the experts, economists and other idiot savants who inexplicably failed to see this storm coming, thanks for nothing. All of their acronyms, PhDs, fancy modeling and algorithms have proved useless: Britain and the world are plunging into the most terrifying economic, political and cultural crisis of the past 40 years. A bunch of intelligent …

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UK firms warn Boris Johnson against ‘cost of living’ tariff cuts – POLITICO

LONDON – Business groups are warning Boris Johnson’s government against cutting food import tariffs in a bid to ease the UK’s cost of living crisis. Two trade associations argued such a move would have only a “negligible” impact on soaring household bills while reducing British negotiating leverage in trade deals and potentially putting food supplies …

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Sunak dismisses calls for immediate tax cuts as PM says cost-of-living crisis is a ‘choppy period’

Rishi Sunak dismissed Tory calls for immediate tax cuts today as Boris Johnson played down the cost-of-living crisis as a ‘choppy period’. The Chancellor repeatedly blamed ‘global forces’ and made clear he is holding fire as he was grilled in the House of Commons on the Government’s response to the squeeze on incomes. His comments …

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Brandon Lewis swipes at BoE chief over ‘apocalyptic’ food price warning

Ministers today swiped at the Bank of England chief after he issued an extraordinary warning about ‘apocalyptic’ food price rises. Northern Ireland Secretary Brandon Lewis said he was ‘surprised’ Andrew Bailey had chosen to use the stark language as he discussed the inflation threat with MPs yesterday. Giving evidence to the Treasury Select Committee, Mr …

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