The Latest Breaking News from Inflation

Met Gala organizers face criticism for ‘Gilded Glamor’ theme amid inflation

Theme pays homage to period of prosperity, industrialization and growth in US from 1870 to 1890, leading some to call it ‘out of touch’

The Guardian - US · May 2, 2022

JELD-WEN Stock Slides After Q1 Earnings Miss

JELD-WEN Holding Inc (NYSE:JELD) reported first-quarter revenue growth of 7.2% year-over-year to $1.17 billion, driven by a 10% increase in core revenue, missing the consensus of $1.20 billion. JELD realized 12% pricing to mitigate raw material and freight inflation. Adjusted EPS decreased to $0.16 from $0.27 in 1Q21, missing the consensus of…

Benzinga · May 2, 2022

2/3 Of Americans Are Living Paycheck-To-Paycheck: Report

As rising inflation continues to wreak havoc on the U.S. economy, a new study by LendingClub Corp (NYSE: LC) has determined nearly two-thirds of Americans are now living a paycheck-to-paycheck existence.

Benzinga · May 2, 2022

How Fed rate hikes could impact stocks, crypto and other investments

The Federal Reserve is set to raise interest rates at its May meeting after it hiked rates for the first time since 2018 in March. The nation’s central bank is expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.

Tribune News Service · May 2, 2022

Fed to fight inflation with fastest rate hikes in decades

The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans’ financial strains and likely weaken…

The Independent UK · May 2, 2022

Buffett lures fans to Omaha with stock buys, inflation talk

As war broke out in Europe and U.S. inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down on a tried-and-trusted strategy to navigate the fallout.

Tribune News Service · May 2, 2022

Food prices still rising and will stay high for ‘some time’, top retailer warns

Asda chairman says there is a ‘few things’ government can do to help with rising prices

The Independent UK · May 2, 2022

Minimum wage increase and other changes introduced in France on 1 May

The minimum wage and several social benefits in France have been increased to keep up with rising inflation. The price of gas, having been capped by the government, remains unchanged.

Radio France Internationale · May 2, 2022

Rahul Gandhi slams Modi govt., accuses it of misgovernance

Rahul Gandhi’s tweet came in the midst of a power and coal shortage in the country

The Hindu · May 2, 2022

JP Morgan downgrades Thailand on fading tourism recovery

Analysts at J.P. Morgan downgraded Thailand's equities rating on Monday, citing the slow pace of recovery in the tourism industry due to rising inflation and a surge in Covid-19 cases in China.

Bangkok Post · May 2, 2022