The Wall Street JournalThe Wall Street Journal

Why economies haven’t slowed more since central banks hit the brakes

By Nick Timiraos and Tom Fairless

25 Jun 2023 · 5 min read

informed Summary

  1. Economic growth remains solid and price pressures strong across affluent countries, despite central banks racing to cool inflation with higher interest rates.

The world’s central banks raced at an extraordinary pace over the past year to cool inflation, but it hasn’t proved enough—yet.

Economic growth remains mostly solid and price pressures strong across affluent countries despite sharply higher interest rates.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content

By continuing, you agree to our Terms of Service and Privacy Policy.