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The Latest Breaking News from Inflation

Breaking 5 publishers covering this story in the last 6 hours

2h ago Stocks Climb as Traders Watch Past Treasury Yields. Nasdaq Composite Hits New High.
3h ago The Bond Market Doesn't Trust the Treasury
3h ago Euro hits 17-month low as French debt fears, US inflation lift dollar
3h ago MAGAnomics is starting to look uncomfortably like Bidenomics
4h ago GOP Sen John Kennedy Says Republicans Must Admit Trump-Era Inflation Is Hurting Americans: 'Tell Them the Truth'

No tax cuts in England before inflation is tamed, ministers suggest

Rishi Sunak and Michael Gove appeared to indicate that fellow Conservative MPs pushing for tax cuts would have to wait as such measures could fuel runaway inflation

Wales Online · Jun 17, 2022

Transcript of AP interview with President Joe Biden

A transcript of an Oval Office interview Thursday with President Joe Biden by AP White House reporter Josh Boak

The Independent UK · Jun 16, 2022

Stocks get crushed with recession worries mounting: Markets wrap

Stocks tumbled around the globe as recession fears resurfaced, with the Federal Reserve struggling to get on top of inflation that has proved more persistent and widespread than officials anticipated.

Tribune News Service · Jun 16, 2022

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Despite warnings from economists, Biden says a recession is not inevitable

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

WEKU · Jun 16, 2022

Bank of England follows Fed with rate hike

The Bank of England has followed the US Federal Reserve in raising interest rates. Both economies are battling the highest level of inflation in years and hope that tighter monetary policy will curb spiralling price rises. Also in the show: Australia's new government commits to more ambitious emissions reduction targets,…

France 24 · Jun 16, 2022

Inflation support schemes extended

The government has pledged to extend the existing 10 measures devised to alleviate the hardship of low-income earners from a surge in oil prices for three months until September.

Bangkok Post · Jun 16, 2022

Biden says recession is "not inevitable"

"We’re in a stronger position than any nation in the world to overcome this inflation,” Biden told the AP.

Axios · Jun 16, 2022

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Clorox vs. Newell Brands: Which Consumer Defensive Stock is a Better Investment?

The stock market has been facing immense volatility lately due to multi-decade high inflation. However, amid high inflationary pressures, consumer defensive stocks tend to remain resilient because of these companies' inelastic demand for products. Consumer defensive stocks The Clorox Company (CLX) and Newell Brands (NWL) look well-positioned to survive the…

StockNews.com · Jun 16, 2022

Biden says recession ‘not inevitable’ as Fed looks to raise interest rates to curb inflation

Financial analysts worry that the recent move into a ‘bear market’ foretells a coming recession

The Independent UK · Jun 16, 2022

Better Buy: Crown Castle International vs. American Tower

Since growing concerns over Fed’s aggressive interest rate hikes to control multi-decade high inflation could keep the overall stock market highly volatile in the near term, REITs Crown Castle (CCI) and American Tower (AMT) should provide a steady income stream. But which of these two stocks is a better buy…

StockNews.com · Jun 16, 2022

5 Tech Stocks You'll Regret Not Buying During the Sell-Off

The Federal Reserve’s continued monetary policy tightening to tame the surging inflation has been making investors concerned about the economy slipping into a recession soon. As a result, tech stocks are witnessing massive sell-offs. However, growing demand, impressive breakthroughs, and rising corporate and government investments in the tech industry should…

StockNews.com · Jun 16, 2022

Biden says new shipping costs law may help tame inflation

President Joe Biden signed legislation Thursday meant to lower the cost of shipping goods across oceans

The Independent UK · Jun 16, 2022

Interest rate rise - all you need to know including impact on mortgage payments

Today's interest rates increase is expected to add around £21 a month - £252 a year - to the average repayments for a borrower with a £150,000 mortgage who is on their lender’s standard variable rate

Daily Mirror · Jun 16, 2022

A Wonky Evisceration of Biden's Bad Deficit Math

Interest rates and servicing costs could push us into worrisome territory sooner than we think.

Reason · Jun 16, 2022

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The Hindu · Jun 16, 2022

Race for relevance: On the Fed’s interest rate hike

The Fed’s hike can accelerate the exit of foreign portfolio investments

The Times of India · Jun 16, 2022

Don't see any adverse impact of US Fed rate hike: DEA secretary

NEW DELHI: The government does not see any adverse impact on the Indian economy post the US Federal Reserve's decision to raise interest rates by 75 basis points, economic affairs secretary Ajay Seth said on Thursday.

The Guardian - AU · Jun 16, 2022

‘Slap in the face’: unions demand higher wages for Queensland public servants as inflation bites

Palaszczuk government under pressure ahead of state budget after several years of 2.5% pay rises for workers

Nottingham Post · Jun 16, 2022

Chancellor Rishi Sunak's message of 'reassurance' to Nottingham over cost of living crisis

'This is important for your readers - I really want them to be reassured that we will get inflation back under control'

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Irish Mirror · Jun 16, 2022

Inflation to increase National Children's Hospital costs by €51 million

Fianna Fail TD Paul McAuliffe noted that additional inflation costs 'could go as high as 100 million'

Benzinga · Jun 16, 2022

Verizon Slashes Broadband Prices For Domestic Mobile Users By 38%

Verizon Communications Inc (NYSE:VZ) slashed its home broadband price to $25 a month for wireless customers in select areas where its Fios fiber network and wireless internet service are available. Verizon will launch the plan in over 2,700 cities to customers with premium 5G mobile plans to help them beat the inflation. The…

Benzinga · Jun 16, 2022

What Impact Will A Recession Have On Crypto?

Bitcoin (CRYPTO: BTC) rallied almost 10% yesterday after reaching $20,100, as the Federal Reserve announcement of a 75 bp rate hike resulted in a short squeeze. Although a 50 bp hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike…

Benzinga · Jun 16, 2022

Housing Beat: Mortgage Rates Soar While Housing Starts Drop

It was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock.

Evening Standard · Jun 16, 2022

Grocery body predicts food prices to rise 15% by summer

IDG says boosts will leave households ‘looking to the future with considerable anxiety’

StockNews.com · Jun 16, 2022

3 Financial Stocks Wall Street Believes Will Rally by More Than 65%

The Federal Reserve’s resolution to tame the surging inflation by increasing interest rates bodes well for financial stocks as a rising interest rate environment helps them grow their revenues. Wall Street analysts expect financial stocks Interactive Brokers (IBKR), PacWest Bancorp (PACW), and Signature Bank (SBNY) to rally more than 65%…

Daily Mirror · Jun 16, 2022

Economists blast Boris Johnson for 'suppressing' Brits' wages as inflation soars

Economists from a host of universities and think tanks have written to the Prime Minister dismissing his claims over pay hikes fuelling inflation

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