The Latest Breaking News from Inflation

Why the RBA should go easy on interest rate hikes: inflation may already be retreating and going too hard risks a recession

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

The Conversation · May 3, 2022

Australia hikes interest rates in potential election shakeup

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.

Al Jazeera · May 3, 2022

Unite strike: Further disruption to council services expected in parts of NI this week

Unite members are striking after rejecting a 1.75% pay increase amid soaring inflation

Belfast Live · May 3, 2022

RBA lifts cash rate, warns of more to come

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

AAP · May 3, 2022

In an election budget, Victorian treasurer Tim Pallas is fighting a war on many fronts

Analysis: To fight his way back to surplus, Pallas relies on economic growth rather than spending cuts or increased taxes

The Guardian - AU · May 3, 2022

Asian shares mixed in light 'Golden Week' trading

Asian shares are mixed in light “Golden Week" trading with markets in China, Japan and some other countries closed for holidays

The Independent UK · May 3, 2022

Small changes to save hundreds on food shop as Asda boss warns prices could surge

Consumer rights experts share ways you can reduce your bill amid the cost-of-living crisis

Liverpool Echo · May 3, 2022

Victorian budget 2022 piles on debt to pump money into strained health system, education

Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into education and transport, all while it attempts to claw back a modest surplus in just four years.

ABC News · May 3, 2022

Possible Australian rate hike puts cost of living in focus in election campaign

Australia's ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison's re-election efforts.

Reuters · May 3, 2022

Why Today’s Market Differs from the Stagflationary Stock Market Seen in the 70s

Monday stocks retested the S&P 500’s (SPY) lowest levels of the 2022 correction. Yes, shares bounced higher into the open. Unfortunately that tells us nothing about what comes next. So let's explore what is causing stocks to push to new lows...what the tea leaves say about where stocks go from…

StockNews.com · May 3, 2022