Global inflation is back and so is the fight against it

The West Australian09-07

Who remembers the “soft landing”? In 2022-23 central bankers dreamed of bringing high inflation down without triggering a recession.Some countries came awfully close to achieving it. But with victory ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2665945395?lang=en_US&edition=fundamental","thumbnail":"https://images.thewest.com.au/publication/C-22832978/c08e832a9f77d687383d998a1505ac811e1dfa90.jpg","is_english":true,"pubTime":"2026-09-07 02:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2665945395","market":"hk","top_or_hot":-1,"title":"Global inflation is back and so is the fight against it","media":"The West Australian","content":"<div>\n<p>Who remembers the “soft landing”? In 2022-23 central bankers dreamed of bringing high inflation down without triggering a recession.Some countries came awfully close to achieving it. But with victory ...</p>\n\n<a href=\"https://thewest.com.au/business/the-economist/the-economist-inflation-is-back-around-the-world-as-is-the-fight-against-it-c-22832978\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global inflation is back and so is the fight against it</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal inflation is back and so is the fight against it\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-07 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/the-economist/the-economist-inflation-is-back-around-the-world-as-is-the-fight-against-it-c-22832978><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Who remembers the “soft landing”? In 2022-23 central bankers dreamed of bringing high inflation down without triggering a recession.Some countries came awfully close to achieving it. But with victory ...</p>\n\n<a href=\"https://thewest.com.au/business/the-economist/the-economist-inflation-is-back-around-the-world-as-is-the-fight-against-it-c-22832978\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CGUI","symbol_name":"Capital Group Ultra Short Income ETF","start_time":0,"source_url":"https://thewest.com.au/business/the-economist/the-economist-inflation-is-back-around-the-world-as-is-the-fight-against-it-c-22832978","article_id":"2665945395","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-22832978/c08e832a9f77d687383d998a1505ac811e1dfa90.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/the-economist/the-economist-inflation-is-back-around-the-world-as-is-the-fight-against-it-c-22832978","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2665945395","pubTimestamp":1788717632,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"THE ECONOMIST: The world’s central banks are bracing for another round as global inflation heats up — again.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"CGUI":"Capital Group Ultra Short Income ETF","RULE":"Adaptive Core ETF","SPCT":"Liberty One Spectrum ETF","LCG":"Sterling Capital Focus Equity ETF","EES":"WisdomTree U.S. SmallCap Fund","BAMA":"Brookstone Active ETF","MAPP":"Harbor Multi Asset Explorers ETF","CGDV":"Capital Group Dividend Value ETF","CDC":"VictoryShares US EQ Income Enhanced Volatility Wtd ETF","CGUS":"Capital Group Core Equity ETF","PSC":"Principal U.S. Small-Cap Multi-Factor ETF","EQRR":"ProShares Equities for Rising Rates ETF","ESLV":"Eventide Large Cap Value ETF","PLGI":"PL Growth and Income ETF","ADPV":"ADAPTIV SELECT ETF","VXZ":"中期波动率指数期货ETN","FITZ":"Fitz-Gerald Must Have Portfolio ETF","MDLV":"MORGAN DEMPSEY LARGE CAP VALUE ETF","FXD":"First Trust Consumer Discretiona","BKDV":"BNY MELLON DYNAMIC VALUE ETF","LGH":"HCM Defender 500 Index ETF","CGVV":"Capital Group U.S. Large Value ETF","TCTL":"Premise Capital Diversified Tactical ETF","MODL":"VictoryShares WestEnd US Sector ETF","RMIF":"LHA Risk-Managed Income ETF","VOTE":"TCW Transform 500 ETF","VTV":"Vanguard Value ETF","TEQI":"T. Rowe Price Equity Income ETF","REGL":"ProShares S&P MidCap 400 Dividend Aristocrats ETF","IUS":"Invesco RAFI Strategic US ETF","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","AGGZ":"Twin Oak Enhanced Fixed Income ETF","RHTX":"RH TACTICAL OUTLOOK ETF","PRVS":"Parnassus Value Select ETF","DIVZ":"TrueShares Low Volatility Equity Income ETF","BSR":"Beacon Unified Catalyst ETF","FLV":"American Century Focused Large Cap Value ETF","ILCV":"iShares Morningstar Value ETF","SDOG":"ALPS Sector Dividend Dogs ETF","XOEX":"Xtrackers S&P 100 Ex Top 20 ETF","HIDV":"AB US HIGH DIVIDEND ETF","FLXI":"Invesco Flexible Income ETF","DFUV":"DIMENSIONAL US MARKETWIDE VALUE ETF","SAMT":"Strategas Macro Thematic Opportunities ETF","LCO":"LOGIQ Contrarian Opportunities ETF","CLIX":"ProShares Long Online/Short Stores ETF","ARP":"PMV ADAPTIVE RISK PARITY ETF","FT":"富兰克林通用信托","IMCG":"iShares Morningstar Mid-Cap Growth ETF","REMC":"COLUMBIA RESEARCH ENHANCED MID CAP ETF"},"translate_title":"全球通货膨胀卷土重来，对抗通货膨胀的斗争也卷土重来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HIDV":1.5,"FT":1.5,"PRVS":1.5,"BAMA":1.5,"MAPP":1.5,"SAMT":1.5,"ESLV":1.5,"RMIF":1.5,"XOEX":1.5,"ARP":1.5,"LCO":1.5,"PLGI":1.5,"CGUI":1.5,"RULE":1.5,"IUS":1.5,"ADPV":1.5,"DECU":1.5,"SPCT":1.5,"REMC":1.5,"FXD":1.5,"TEQI":1.5,"VXZ":1.5,"VOTE":1.5,"VTV":1.5,"CGDV":1.5,"BKDV":1.5,"LCG":1.5,"EES":1.5,"ILCV":1.5,"CDC":1.5,"FLXI":1.5,"SDOG":1.5,"AGGZ":1.5,"CGVV":1.5,"IMCG":1.5,"CGUS":1.5,"TCTL":1.5,"FITZ":1.5,"PSC":1.5,"MDLV":1.5,"DIVZ":1.5,"LGH":1.5,"DFUV":1.5,"BSR":1.5,"REGL":1.5,"MODL":1.5,"EQRR":1.5,"RHTX":1.5,"FLV":1.5,"CLIX":1.5},"content_text":"Who remembers the “soft landing”? In 2022-23 central bankers dreamed of bringing high inflation down without triggering a recession.Some countries came awfully close to achieving it. But with victory tantalisingly close, a growing number of central banks are now redoubling their fight against inflation. Price pressure is building. The world is a long way from the pain of four years ago, but the diagnosis is not promising.On September 2nd New Zealand’s central bank raised rates. Rate-setters on the other side of the Tasman sea have already increased borrowing costs three times this year.The Bank of Japan did so in June and the Bank of Korea in July and August. On September 10, the European Central Bank (ECB) is expected to raise its deposit rate to 2.5 per cent. Many traders expect that, before long, the Federal Reserve will follow.Policymakers are responding to growing evidence of rising price pressure. Average annual inflation across rich countries has stopped falling towards 2 per cent, the target in most of them, and has instead edged up in recent months.In August annual inflation in the euro zone reached 3.3 per cent, the highest in three years. Switzerland has inflation of just 0.8 per cent a year, reflecting economic policy that is one of the wonders of the modern world. But even that is a two-year high. And in some places prices are evoking the sad memories of the “cost-of-living crisis”. Inflation is close to 6 per cent in Lithuania, for instance, up from 3.1 per cent in January.Energy is the main culprit, but not the only one. War in the Middle East has caused the price of oil and natural gas to rise.In Europe, natural-gas prices are more than twice as high as before the Iran war. They could go further as the continent’s storage tanks are refilled ahead of the winter.Already euro-zone energy inflation is easily in double-digits. The typical American, meanwhile, is paying just over $4 for a gallon of petrol, up from less than $3 at the beginning of the year.The problem, however, may be bigger than fuels. The Economist estimates that across the rich world, average annual “core” inflation, which strips out energy and food, has increased from 2.7 per cent in early 2026 to 2.9 per cent today. To examine countries’ underlying inflationary pressure in more detail, we found comparable figures for 23 rich countries on services prices, which are largely determined by the price of labour (rather than more volatile commodities).Services inflation is rising in two-thirds of our sample. This is despite the fact that in many countries measures of wage growth continue to decline. (One explanation for this puzzling result is that wages are not well measured; another is that falling productivity growth in services makes it harder for firms to absorb pay rises.)So far there is little evidence that people are revising up the price rises they anticipate in the future — the thing that would really spook policymakers.Most market-based measures of inflation expectations have not moved meaningfully in recent weeks. A recent survey by the ECB suggests that consumers expect lower inflation over the next year than they did a few months ago. Fancy leading indicators of inflation — including from Alternative Macro Signals, a consultancy, which analyses millions of news articles — do point to strengthening global inflationary pressures. But these tools’ predictive record is patchy.Whatever the future holds, many central banks are in no mood to take chances. Critics have argued that in 2021-22 policymakers dawdled in responding to surging inflation: rate-setters do not want to make the same mistake twice. They “shouldn’t wait” for inflation to become entrenched before responding, Slovenia’s central-bank governor has counselled. Isabel Schnabel, who sits on the ECB’s board, recently warned that waiting until energy costs pass through to pay could once again leave policymakers behind the curve.A new tightening cycle may, then, just be getting started. UBS, a Swiss bank, reckons that many of the central banks which have not yet started tightening will do so soon. Candidates include Sweden’s, and even Switzerland’s.For all the appearance of a soft landing, the fight against inflation never really ended.Federal PoliticsVideoChalmers makes bold house price recovery predictionStephen Johnson","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2665945395","isCrawlerRequest":true}