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Traders have an expression to describe how unpredictable financial markets can be: 'better off dumb'. Stocks or other financial markets can sometimes behave in unforeseeable ways. Analysts predicted that American [...]

Editor's note: On June 22nd this story was updated to include news from the Bank of England, which put up the main interest rate by 50 basis points. THE LATEST, [...]

IN THE 1970s many households experienced the adverse impacts of unexpectedly high inflation following oil-price shocks. Thereafter, during the prolonged period of relatively low and stable inflation running up to [...]

Imagine it is late 2024. Inflation in the rich world has fallen from its peak but stayed stubbornly high. At around 4%, it is well above the level at which [...]

IT STARTED IN America, but the surge in inflation has spread to the rest of the rich world. Consumer prices across the OECD club of mostly rich countries are rising [...]

Rising wages are causing price hikes Despite living costs going up by 10 per cent or more in many parts of the world, rightwingers keep arguing against workers receiving pay [...]

IN PLACES WHERE it has been long absent, it is hard to remember what a curse inflation is. In other places, it is hard to forget it. Take Zimbabwe. In [...]

A little over a year ago, The Spectator printed a cover story about the risk of inflation. Britain, we argued, was hugely vulnerable: the national debt was structured in such [...]

The economic conditions are not ideal to launch a British version of QE2 THE routine has become familiar. Inflation surprises on the upside. It is high enough to warrant another [...]

Stubbornly high inflation may leave the central bank unable to aid the economy AS THE British economy, so steady for so long both in output growth and inflation, sank into [...]

I'M not sure what Sarah Brown made of it, but I certainly enjoyed it. We were assembled to celebrate the opening of the newly refurbished Treasury building, and Paul Boateng [...]

A great bear has been stalking the City. Crushed in his paw, hopes, jobs and wealth have all wilted. A Chancellor of the Exchequer who proclaimed that there would be [...]