Ministry mulls 5 baht diesel tax cut The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20. Bangkok Post · May 12, 2022
Perrottet gives his MPs pay rises but opposes general wage increases despite rising inflation One rule for us, another for them . . . Newcastle Herald · May 12, 2022
Small Business Revenues Are Up – But New Challenges Emerge As Businesses Continue The Pandemic Comeback By Kathryn Petralia Kabbage from American Express has been tracking recovery trends and growth outlook of U.S. small businesses. Polling 563 small business leaders, our latest installment exhibits how small businesses are adapting to a shifting market as they look beyond pandemic-wrought challenges, adjust for inflation and modify hiring approaches. Benzinga · May 12, 2022
Powell: 'Soft' economic landing may be out of Fed's control Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second four-year term, for the first time Thursday acknowledged that high inflation and economic weakness overseas could thwart his efforts to avoid a recession The Independent UK · May 12, 2022
Billion-dollar infrastructure budget blowout highlights impact of labour, supplies shortages While much has been made of the effects rising costs and labour shortages are having on housing construction in Perth, the state budget lays bare the impact on the state's finances — and it's a billion-dollar problem. ABC News · May 12, 2022
Senate confirms Powell to second term as Fed chairman Jerome Powell sailed through the Senate on Thursday with strong bipartisan support for a second term as chairman of the Federal Reserve Board. Tribune News Service · May 12, 2022
Stocks across Asia nosedive The Thai bourse plunged yesterday, in line with global stock and cryptocurrency markets, as investors worried the Federal Reserve may implement more aggressive rate hikes to tackle runaway inflation. Bangkok Post · May 12, 2022
Charles Hoskinson Shares Plan To Avoid Economic Collapse: How Crypto Could Help One of the biggest names in the world of cryptocurrency shared thoughts on the current state of the global economy and inflation this week. Benzinga · May 12, 2022
Walmart vs. Home Depot: Which Mega-Cap Retailer is a Better Buy? Concerns over the possibility of the Fed’s aggressive interest rate hike to control the surging inflation have led to a broad-based sell-off over the past few weeks. Amid the uncertainties surrounding the market, mega-cap retailers Walmart (WMT) and Home Depot (HD) should be able to deliver stable returns because of… StockNews.com · May 12, 2022
5 Stocks Down Over 30% YTD That are Too Cheap to Ignore Wall Street is currently witnessing relentless selling pressure on concerns over an aggressive monetary policy tightening to control the surging inflation. This has led to many quality stocks trading at attractive valuations. Fundamentally sound stocks United Microelectronics (UMC), Herbalife (HLF), Renault (RNLSY), Goodyear Tire & Rubber (GT), and Meritage Homes… StockNews.com · May 12, 2022
Markets Pare Intraday Losses, Still Finish Marginally Lower U.S. indices traded lower Thursday as stocks experienced continued volatility amid concerns over rising interest rates and inflation. Benzinga · May 12, 2022
Did the RBI wait too long to raise interest rates? It could have started highlighting inflationary worry points in February The Hindu · May 12, 2022
Crypto meltdown prompts Yellen to call for new regulation Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal The Independent UK · May 12, 2022
The Independent UK · May 12, 2022 Senate confirms Powell for second term as Fed fights inflation The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades
The Independent UK · May 12, 2022 ‘Lack of urgency’ from government on cost of living crisis, senior Tory MP says PM refuses to be drawn on further action government could take
ABC News · May 12, 2022 Will lifting the minimum wage worsen inflation and raise interest rates? Wages have become the latest battleground in the election, with debate raging about how much extra workers can get paid without sending businesses broke and consumer prices soaring.
The Independent UK · May 12, 2022 Senate confirms Powell for 2nd term as Fed fights inflation The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades
Axios · May 12, 2022 Fed chair Jerome Powell confirmed to second term He is tasked with leading the central bank as it tries to battle surging inflation and financial markets in tumult..
WEKU · May 12, 2022 Powell is confirmed to a 2nd term as Fed chair. Fighting inflation will be his focus Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.
WEKU · May 12, 2022 Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.
StockNews.com · May 12, 2022 5 Consumer Staples Stocks to Protect Your Portfolio from Stagflation Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…
Benzinga · May 12, 2022 Why Mortgage and Commercial Loan Rates Won't Go As High As People Think I’m of the belief that mortgage rates won’t be going as high as some people are forecasting, at least not nearly as quickly. I say this because the dynamic between inflation, FED rate hikes, economic growth, and the bond markets should cause the yield curve to flatten and even invert…
The Guardian - AU · May 12, 2022 Morrison’s objection to lifting wages in line with inflation puts spotlight on pensions linked to CPI Prime minister says such a move would be ‘incredibly reckless’ but payments such as pensions are already tied to cost-of-living changes
The Times of India · May 12, 2022 India wants WTO to play its role in containing global inflation NEW DELHI: India wants the World Trade Organisation (WTO) to play its role in containing global inflation, which is impacting most of the economies of the member countries.