Surging prices are haunting consumers and confounding economic planners
The BoE is the first central bank in a major economy to raise interest rates since the pandemic began
The central bank has grown uncomfortable with hot inflation readings
The accelerated timetable puts the Fed on a path to start raising rates in the first half of next year
The result matched October's year-over-year increase — the largest since early 2003
New mandate could leave rates lower for longer, experts say
A faster taper could open the door to rate hikes next year, Moody's says
Rate increases could be more gradual as the bank decides if it has properly estimated the labour market's full potential
The highest inflation in a generation is heightening financial pressures
Savings rate drops as consumption growth outpaces income gains