1+ hour, 11+ min ago   (1162+ words) In what probably could best be described as an exercise in damage control, Federal Reserve chair Kevin Warsh has sought to dampen down fears in financial circles that he is not prepared to react to persistent inflation by raising interest…...

23+ hour, 46+ min ago   (1061+ words) Newly released Australian Bureau of Statistics (ABS) data confirms that the working class confronts a deepening cost-of-living crisis, as inflation continues to outpace wages. At the same time, banks, mining giants, supermarket chains and other major corporations have racked up…...

4+ day, 3+ hour ago   (992+ words) The announcement last week that Australian government debt had passed the $1 trillion mark has delivered further pressure from the representatives of finance capital for deeper cuts in social spending, making it clear that the savaging of the National Disability Insurance…...

3+ week, 2+ day ago   (1045+ words) Annual inflation in New Zealand jumped from 3.1 percent in the March quarter to 4.1 percent in the June quarter, its highest level in more than two years. The increase was mostly driven by higher fuel prices—petrol prices rose by 27.5 percent…...

3+ week, 4+ day ago   (976+ words) The US Treasury joined with the Japanese Ministry of Finance last Friday in an operation to try to prop up the value of the yen, which had fallen to its lowest levels in 40 years despite the tens of billions of…...

4+ week, 2+ day ago   (1060+ words) The US Federal Reserve kept its interest rate on hold at its meeting yesterday in a decision which saw a split on the central bank’s interest-rate setting body, with a nine to three vote. The three dissenters wanted an increase…...

1+ mon, 4+ day ago   (911+ words) Closures and job cuts are intensifying across various industries in Australia, fuelled by the impact of the escalating criminal US-Israel wars in the Middle East and the associated worsening cost-of-living crisis. Beneath the surface of the official unemployment statistics, and…...

1+ mon, 3+ week ago   (951+ words) The Japanese government and its financial arms, the Ministry of Finance and the central bank, are becoming increasingly embroiled in a series of economic problems that are leading to a continuous fall in the value of the yen. Earlier this…...

2+ mon, 3+ day ago   (1744+ words) Alan Greenspan, whose death at the age of 100 was announced on Monday, was chairman of the US Federal Reserve for 19 years, from 1987 to 2006. He will go down in history as the individual who did more than any other to create…...

2+ mon, 1+ week ago   (1029+ words) US President Trump spent years denouncing former Federal Reserve Board chair Jerome Powell as a “numbskull” and a “moron” for not lowering the central bank’s interest rate, possibly to as low as 1 percent. But any hopes he might have had…...