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““With the outlook for inflation substantially higher and the economy showing resilience, an increase in the policy rate was needed to reduce the risk that elevated energy prices could spill over and become generalized inflation.””

“Vexed over rising treasury yields – which are raising the cost of servicing the government’s Brobdingnagian debts – the man whom markets believed would play the role of adult in the Oval Office on matters of economic policy has started to emulate the…”

“This depends on how the economy responds to the Fed's rate hike — and on forces beyond the central bank's control, like the war in the Middle East, which is pushing up energy costs such as gas prices.”

“And yet there is something strange about the word economists keep using to describe the American consumer.”

“live Markets live: US Fed holds rates unchanged, chance of local hike more than 75pc The US Federal Reserve held interest rates unchanged at its most recent meeting, but in Australia, high inflation data suggests we're likely to hike rates.”

“The United States Federal Reserve is set to hold interest rates steady in its final monetary policy decision before the US midterm elections.”

“… the biggest contributor to the swelling inflation rate was energy prices, which accounted for more than half the overall rise, even on a “core” basis, which excludes energy and food costs, there was a 0.3 per cent increase in September and a 2.6 per cent…”

“Higher gasoline costs—which jumped 7.1% in September according to US Energy Information Administration figures—could account for roughly three-tenths of a percentage point of that total.”

“- See more This is Money on Google - save us as a Preferred Source The Bank of England held interest rates at 3.75 per cent today, but warned that surging energy prices could push it to increase the benchmark rate in the coming months.”

“But markets are predicting that the Bank will act soon, with the Middle East crisis sending energy costs spiralling.”

“So higher diesel costs often result in more expensive groceries, although it can take a while for energy shocks to wind their way through the supply chain.”

“So higher diesel costs often result in more expensive groceries, although it can take a while for energy shocks to wind their way through the supply chain.”

“The Bank of Canada (BoC) has raised its key interest rate for the first time in more than three years and warned that further increases might be needed to prevent soaring energy costs from fueling broader inflation.”

“According to the US-based Institute for Energy Economics and Financial Analysis (IEEFA), LNG consumption fell by 1.21 million tonnes that year.”

“…group said shop price inflation was 2.1% year on year in October, a sharp rise compared with 1.4% in September, and an indication that retailers were beginning to pass on the rising costs of energy and food ingredients since the Middle East conflict broke…”

“Small businesses are unlikely to receive a reprieve from tough conditions, with another potential interest rate hike looming and fuel costs continuing to climb.”

“The Centre for Policy Studies think tank calculates that since its introduction in 2010, this shameless bribe to pensioners has cost £78billion and will continue to rise with inflation.”

“Federal Reserve hiked its key policy rate last month for the first time in three years, and after U.S. inflation in August topped 3.4 per cent.”

“But, he insisted that those costs would not be as volatile as just using natural gas to heat your home, as the heat pump draws on a blend of electricity generation.”

“Helsinki, which used to rely on Moscow for about a third of its energy, also faced much higher costs as it transitioned to other suppliers.”

“Federal banks across the world have adopted tighter monetary policy amid energy-driven inflation as the war in the Middle East continues.”

“He is the latest to flee a Labour regime which has hiked taxes since coming to power two years ago and looks set to further pile the pressure on taxpayers at next month’s Budget.”

“- Published Households across Northern Ireland face increasing pressure on the cost of living as energy price hikes have come into effect.”

““We are working very closely with our US counterparts to stress the importance of that relationship, and the importance of sustaining flows of diesel around the world, but also working through international fora in the International Energy Agency and partners…”

“…le, RBA Governor Michele Bullock has finally stopped gaslighting the Australian public on spending and made one thing pretty clear: demand is running too hard relative to supply, productivity growth is doing bugger all and monetary policy can’t fix…”

“…the direction of travel is very concerning, alongside other cost of living pressures households face.' Prime Minister Andy Burnham said that he would not call Mr Rossi's warning an overstatement Homes on a standard tariff with average usage are expected to…”

“- See more Daily Mail on Google - save us as a Preferred Source Millions of mortgage holders have been hit with another repayment shock after the Reserve Bank raised interest rates to their highest level in almost 15 years, adding hundreds of dollars a month…”

“The Australian sharemarket has now wiped out all its gains for the year amid consistent concerns about inflation as the Iran war is fuelling energy costs, with the fallout trickling through the wider economy.”

“Drivers have already seen the cost of filling up at the pump jump by 56.6p a litre since the US and Israel attacked Iran on February 28, according to RAC figures.”

“…ionary pressures, with subdued business confidence and high costs meanwhile continuing to discourage hiring.' Mr Williamson added: 'Growth, business confidence and employment are all being hamstrung by high energy prices, elevated business costs, geopolitical…”

“In the past week the US government’s borrowing costs climbed to the highest level since 2007, with knock-on consequences for the finances of households, businesses, and other governments worldwide.”

“The Bank of Japan today increased rates to 1.25 per cent in a widely anticipated move to counter inflation fuelled by high energy costs.”

“The rise in energy costs has prompted fears that inflation will remain high and increase the chance that central banks will hike interest rates to keep the pace of price rises under control.”

“She said: 'Smaller businesses are continuing to report that increased labour costs are affecting hiring decisions.' The bleak picture emerged as the Middle East crisis looks to be deepening, with fears of a new wave of inflation from surging energy prices.”