Word: inflationitis
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But economists said the country is likely to keep its foot on the gas to ensure the recovery doesn't falter. On Wednesday, the State Council, China's cabinet, said it would focus on achieving a balance between promoting growth, rebalancing the economy and "managing inflation expectations." Nomura economist Mingchun...
That possibility is already becoming a reality, as signs appear that central-bank policies are beginning to diverge. On Oct. 6, Australia became the first G-20 nation to raise interest rates, hiking its key rate by a quarter of a percentage point, to 3.25%. With "inflation close to target...
Nowhere is the policy challenge bigger than in Asia. With the region's recovery gaining pace more quickly than elsewhere, it could be the first region to face inflation pressures. In China, growth is rapidly returning to pre-crisis levels. On Oct. 22, China reported that its gross domestic product...
Some observers say neither side is really in the right; while it's not fiscally prudent to keep temporarily fixing doctors' Medicare reimbursements by going deeper in debt, they argue the problem is more than a decade old and is not actually related to the current health-care reform debate...
Piquant truths about consumerism or the human condition, and inspiration drawn from ancient iconography or found objects, unite the displays. Iranian artist Nazgol Ansarinia inscribes sofreh (traditional tablecloths) with the fluctuating prices of daily foodstuffs sold by Tehran street peddlers, making a trenchant comment about Iran's punishing inflation. Egyptian...