The Latest Breaking News from Inflation

What will Rishi Sunak do about the cost of living crisis?

Analysis: The chancellor has been warned that the UK is heading for a recession, but he is reluctant to act

The Guardian - UK · May 6, 2022

US sees 428,000 jobs added in April with unemployment steady at 3.6 per cent

‘We think the economy has enough strength to create over four million jobs this year’

The Independent UK · May 6, 2022

Dow drops 1,000 points on worst day since 2020 amid fears over economic recovery

The Nasdaq fell 4.99 per cent to finish at 12,317.69, its lowest closing level since November 2020

The Independent UK · May 6, 2022

US posts robust job gains while wage growth shows moderation

U.S. employment continued to increase at a robust pace in April and wage growth moderated, though a surprise drop in the participation rate suggests the labor market will remain exceedingly tight.

Tribune News Service · May 6, 2022

US job growth remains healthy

WASHINGTON: US employment continued to increase at a robust pace in April and wage growth moderated, though a surprise drop in the participation rate suggests the labour market will remain exceedingly tight.

Bangkok Post · May 6, 2022

Is the UK heading for a recession and what would that mean for my money? Explained

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Daily Mirror · May 6, 2022

Spectrum Brands Reports Mixed Q2 Results Amid Product Availability Challenges

Spectrum Brands Holdings Inc (NYSE:SPB) reported second-quarter FY22 sales growth of 6.2% year-on-year, to $807.8 million, beating the consensus of $792.27 million. Net sales from the Home & Personal Care increased 6.1%, Global Pet Care sales gained 0.5%, and Home & Garden rose 16.5%. Gross profit fell 2.1% Y/Y to $255.6 million, and…

Benzinga · May 6, 2022

‘The risks are pretty big’: how long can UK house prices defy gravity?

Pent-up lockdown demand and stamp duty holidays kept prices high, but rising mortgage rates and living costs may tip balance

The Guardian - UK · May 6, 2022

Problems With the Supply Chain Began Before the Pandemic. Here's What Biden Can Do About It.

Protectionist policies stymie trade and make Americans poorer.

Reason · May 6, 2022

Cost of living crisis: Tips for spending less at the supermarket

A cost of living crisis driven by rocketing inflation has left Brits facing the biggest squeeze to household budgets for decades.

Evening Standard · May 6, 2022