The Latest Breaking News from Inflation

Summer of discontent as UK hit by new Covid wave, strike chaos and rising prices

The threat of the biggest industrial action to hit Britain since 1926 is looming amid a record wave of energy price hikes which has stoked fears echoing those during the 1978-79 'winter of discontent'

Daily Mirror · Jun 16, 2022

How high can US mortgage rates climb?

More than 18m American households that could have afforded a property in January now priced out of the market, says National Association of Realtors, as inflation bites

The Independent UK · Jun 16, 2022

Homeowners face a £1667 increase in annual mortgage payments as BoE hikes interest rates again

Today’s announcement adds to consumer concern about the current economic climate, with Brits already struggling with the soaring inflation and cost of living crisis

Daily Mirror · Jun 16, 2022

Bank’s rate rise is a couple of sparklers compared with Fed’s fireworks

The next time the Bank of England debates interest rates, we’re likely to see a half-point increase

The Guardian - UK · Jun 16, 2022

Cannabis Insiders Split On Market Impact Of Inflation

In the days leading up to the recent bear market entry, cannabis insiders provided Benzinga with varied opinions regarding the impact of inflation on the cannabis sector.

Benzinga · Jun 16, 2022

Analysis: A banquet of bad news from the Bank of England - but let’s stay hopeful on jobs

Bank of England says it will “act forcefully” to put the brake on inflation

Evening Standard · Jun 16, 2022

Is the US heading for a recession? Here’s what you need to know

Many signs point in that direction. We have answers to questions that might be on your mind

The Guardian - US · Jun 16, 2022

Scottish independence can lead to pay rises for public sector, Greens MSP argues

GREENS MSP Maggie Chapman argued that Scottish independence will allow the Scottish Government to give pay rises to public sector workers on…

The National (Scotland) · Jun 16, 2022

Daniel Moss: Jay Powell took Ben Bernanke's advice a bit too far

Ben Bernanke, who led the Federal Reserve during the global financial crisis, observed that the art of setting monetary policy was 98% talk and 2% action. A significant rebalancing of that equation would be welcome after communications upheavals this week roiled markets and seemed to reveal a high degree of…

Tribune News Service · Jun 16, 2022

Hungary extends food and fuel price caps until Oct amid surging inflation

Hungary's government has extended a cap on some basic food and fuel prices until Oct. 1, while a cap on retail mortgage interest rates will remain in place until the end of the year, Prime Minister Viktor Orban said on his Facebook page on Thursday.

Reuters · Jun 16, 2022