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The Latest Breaking News from Inflation

Minister labelled ‘out of touch’ for suggesting shoppers swap to value brands

Food campaigner Jack Monroe said Environment Secretary George Eustice was in ‘no position to tell other people to get cheaper biscuits’.

The Independent UK · May 4, 2022

The Coalition is guaranteeing essential services and lower tax. We can't have both

In the midst of Labor’s campaign about the cost of living, the Coalition has zeroed in on one of those costs – taxes – and guaranteed to stop them rising. Its Lower Tax Guarantee promises:

The Conversation · May 4, 2022

Martin Lewis condemns minister’s ‘patronising’ advice to buy value food brands amid cost-of-living crisis

‘Bulls***’ to suggest poor people don’t know to shop cheap, Martin Lewis says

The Independent UK · May 4, 2022

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Fed makes biggest rate hike since 2000 to combat inflation

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation.

Los Angeles Times · May 4, 2022

Martin Lewis issues sweary response after minister's supermarket own brands advice

George Eustice told shoppers to switch to cheaper alternatives as calls grow for government to take direct action in cost of living crisis

Liverpool Echo · May 4, 2022

Inflation control needs another model

Lasting inflation control would require placing agricultural production on a steady footing

The Hindu · May 4, 2022

Fed hopes biggest rate hike in 22 years tames inflation without recession or stagflation: 3 essential reads on what it all means

The Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years. The aggressive move, which has been expected for many months, is part of the U.S. central bank’s effort to slow…

The Conversation · May 4, 2022

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Inevitable increase: On RBI’s interest rate hike

The RBI’s increase in interest rates was long overdue

The Hindu · May 4, 2022

How higher Fed rates stand to affect Americans' finances

Record-low mortgages below 3% are long gone

The Independent UK · May 4, 2022

Federal Reserve raises interest rates by half point to fight inflation

Largest increase in 22 years comes as inflation is highest in four decades

The Independent UK · May 4, 2022

Senate Democrats take aim at credit card fees amid inflation - Roll Call

The Senate Judiciary Committee took aim at credit card fees, complaining that inflation is pushing up the profits of Mastercard and Visa,.

Roll Call · May 4, 2022

Why MEG Energy Shares Are Trading Higher Today

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…

Benzinga · May 4, 2022

The Fed raises interest rates by the most in over 20 years to fight inflation

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

WEKU · May 4, 2022

Fed raises key rate by a half-point in bid to tame inflation

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point

The Independent UK · May 4, 2022

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The Guardian - US · May 4, 2022

Federal Reserve announces biggest interest rate hike since 2000

Benchmark interest rate raised 0.5 percentage points, with more rises expected

Axios · May 4, 2022

Fed raises rates half a percentage point

The central bank also signaled more rate increases are on the way.

The Independent UK · May 4, 2022

How to save more when inflation makes your money count less

During inflation, consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money

The Independent UK · May 4, 2022

Mortgage borrowers face squeeze on living costs as Bank of England poised to raise rates

Bank of England expected to raise base rate to highest level in 13 years as walks ‘very fine line’ between cooling inflation and avoiding recession

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Benzinga · May 4, 2022

What's Going On With LL Flooring Shares Today

LL Flooring Holdings Inc (NYSE:LL) reported a first-quarter FY22 sales decline of 1.6% year-on-year to $279.03 million, missing the consensus of $281.40 million. Comparable store sales decreased 3.6% versus last year and increased 3.3% on a two-year stack basis. Merchandise sales decreased 2.3% Y/Y to $244.27 million, while Services sales rose 4.1% to…

Liverpool Echo · May 4, 2022

City of Liverpool College staff set to strike on day students sit 'crucial' GCSE exam

Affected students will join 50,000 others across the country disrupted by the strike action

The Guardian - UK · May 4, 2022

Labour faces an open goal in this week’s local elections. It mustn’t miss

At the moment, you might ask how Keir Starmer’s party could possibly fail. Yet things may not be quite so simple, says the Guardian’s economics editor, Larry Elliott

Radio France Internationale · May 4, 2022

Trade unions at impasse with Amazon France over wage negotiations

Among the unions representing Amazon France's 15,500 employees, only one – the CFE-CGC executives' union – this week signed an agreement for a 3.5 percent pay rise. The others say this isn't enough given high rates of inflation.

Daily Record · May 4, 2022

Wetherspoon facing 'considerable' pressure on costs as shares in pub giant drop

Britain’s hospitality sector is slowly recovering after a series of Covid lockdowns hammered trading

Daily Mirror · May 4, 2022

Halifax accidently tells customers the Bank of England has raised interest rates

In March, interest rates went up from 0.5% to 0.75% - their highest level since March 2020 as the Bank of England sought to cool rising inflation. It's set to be followed by another rate rise on Thursday this week, and several more in the coming months

Wales Online · May 4, 2022

Interest rates set to hit 13-year high amid cost of living crisis

The Bank of England is trying to get inflation under control

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