How Burnham’s team could reshape the Bank of England Taking a fresh look at the Bank’s role would send a strong signal that a Burnham government is prepared to do things differently The Guardian - UK · Jul 17
Trump's $3.47 'Freedom Fuel' Promise Backfires? Here's How Much Drivers Are Really Paying The White House celebrates a drop in inflation to 3.5% in June, citing economic progress, while facing scrutiny over fluctuating gas prices linked to its Freedom Fuel network project. International Business Times UK · Jul 17
West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay Malhotra Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1 percent, driven by supply-side factors.… The Economic Times · Jul 17
Nasdaq Futures Plunge as Chip Selloff Deepens; Netflix Sinks on Disappointing Forecast September Nasdaq 100 E-Mini futures (NQU26) are down -1.61% this morning as the global selloff in chip stocks deepened. Barchart · Jul 17
Hang Seng crashes over 2% as tech selloff hits Asia markets. Why Hong Kong stocks are falling on Friday? Hong Kong's Hang Seng Index fell 2% by midday on Friday, weighed down by a global selloff in technology stocks as renewed inflation concerns dampened risk appetite. The Hang Seng Tech Index plunged 4%, with investors reducing exposure to technology and other growth stocks amid fears that higher inflation could… The Economic Times · Jul 17
Global Market: ECB weighs inflation risks, digital Euro progress at July meeting According to Reuters, policymakers are widely expected to keep the ECB's key interest rate unchanged at 2.25%, following June's surprise rate hike that made the central bank the first among the world's major monetary authorities to tighten policy in response to the geopolitical fallout from the Iran conflict. The Economic Times · Jul 17
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war “The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said. Fortune · Jul 17
Iran war and monsoons key risk for Indian economy, says RBI Governor Sanjay Malhotra RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent price pressures mainly to supply-side factors and said policymakers should remain in a “wait and watch” mode. The Economic Times · Jul 17
Real wages are still below 2021 levels in a third of European countries analysed Real wages fell by almost 2% in the eurozone between early 2021 and early 2026, but the impact on workers’ purchasing power varied sharply across Europe. Euronews Business examines where wages gained and lost the most — and why. Euronews · Jul 17
US Stock Market: Fed's Jefferson signals openness to rate hike if inflation stays elevated Federal Reserve Vice Chair Philip Jefferson indicated potential interest rate hikes if inflation fails to improve. Current policy remains appropriate for now, supporting the labor market and inflation's return to 2%. However, policymakers may reassess if inflation does not cool soon, ensuring price stability. Jefferson highlighted inflation risks over labor… The Economic Times · Jul 17
Gold prices dip Rs 3,000/10 gram this week, silver plunges Rs 7,300/kg as oil rally raises rate hike bets. What’s next? Gold prices edged higher on MCX while silver traded slightly lower on Friday. Renewed U.S.-Iran fighting lifted oil prices, stoking inflation concerns and rate hike expectations. MCX silver futures for September 2026 delivery were down Rs 745. Gold futures for August 2026 delivery declined by Rs 385. For the week,… The Economic Times · Jul 17
JGBs hold steady as investors weigh inflation, central bank signals Japanese government bond yields showed mixed movements on Friday. The benchmark ten-year yield increased, while the twenty-year yield slightly decreased. Investors are considering inflation risks and monetary policy signals from the Bank of Japan. Higher oil prices and steady economic data influenced global bond markets. Uncertainty about fiscal management and… The Economic Times · Jul 17
Gold set for biggest weekly fall in six as Iran war fans inflation worries Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid… The Economic Times · Jul 17
Dollar set for weekly drop as traders cut wagers on rate hikes The dollar held steady on Friday, facing a weekly decline after softer U.S. inflation data. Traders reduced bets on imminent Federal Reserve rate hikes following the inflation report. Escalating Middle East attacks spurred safe haven bids for the dollar and boosted oil prices. The euro and sterling were set for… The Economic Times · Jul 17
The Economic Times · Jul 17 Global Market Today: Asian stocks drop after chip selloff, oil gains Asian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating Middle East hostilities. Investors are questioning the sustainability of massive artificial intelligence investments and tech valuations. Heightened geopolitical tensions fueled inflation worries and potential interest rate hikes. Consumers continue…
Latin Times · Jul 16 Leavitt's First Briefing Back Covers the Waterfront — But Talks Around the Week's Deadliest Immigration Story Leavitt's first briefing since maternity leave covered election hype, cooling inflation, and a betting scandal — but sidestepped the deadliest immigration story of the week.
The Independent UK · Jul 16 The biggest UK supermarket food price rises revealed Britons are paying more for staples like fish, chocolate and fruit, new data reveals
International Business Times · Jul 16 A Fed Voting Member Said Interest Rates Should Be Higher. Stocks Fell Stocks fell on Thursday as chipmakers dropped despite solid earning reports.
International Business Times · Jul 16 Inflation Fell More Than Expected In June, But a Fed Member Said Interest Rates Should Be 'Modestly' Higher Dallas Federal Reserve President Lorie Logan said interest rates should be "modestly" higher to help inflation return to the 2% goal.
The Economic Times · Jul 16 Fed's Logan calls for 'modestly higher' interest rates Dallas Fed President Lorie Logan signaled support for higher interest rates, warning inflation remains above target and policy is not restrictive enough. She flagged risks from strong demand, AI investment and Middle East tensions, indicating growing divisions within the Federal Reserve ahead of its July meeting on the policy path.
The Independent UK · Jul 16 US sees 30-year fixed-rate mortgages climb to highest level in nearly a year Rates have been on an upward trend this year, largely due to the war with Iran, which has sharply driven up crude oil prices and fueled expectations of hotter inflation
Grocery Coupon Guide · Jul 16 Sugar and Sweets Prices Are Up 7.1% Year Over Year: Why Treats Feel So Expensive Walking down the candy and baking aisles of your local supermarket has become a highly shocking financial experience for many families. Recent economic data from the USDA reveals that the retail price of sugar and sweets has surged by seven point one percent over the past year. This massive spike…
Grocery Coupon Guide · Jul 16 Food-at-Home Prices Are 2.7% Higher Than Last Year: Where Families Can Still Save The latest official economic indicators from the United States Department of Agriculture show a persistent rise in food costs. The recent index reveals that food at home prices are currently two point seven percent higher than last year. This steady accumulation of inflation continues to place a heavy burden on…
International Business Times · Jul 16 Inflation Decelerated In June. But Grocery Shopping In The U.S. Decreased Anyway The buying of grocery units fell 1.8% in June compared to the previous year, according to a new analysis.
The Independent UK · Jul 16 Retail sales rose less than expected last month as consumers cut back on ‘frivolous’ spending This spending moderation occurred despite a notable cooling of US inflation last month