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The Latest Breaking News from Inflation

Donald Trump declares ‘affordability’ a con term created by Dems – now you know he’s never cared about you or your struggles

Just in case you needed another reminder that he’s never given a damn about you.

We Got This Covered

Chop and change: pork is ‘new beef’ for money-saving Britons, report finds

As beef price inflation soars to 27%, customers are turning to cheaper pork alternatives, Waitrose says

The Guardian - UK

Trump Highlights Economic Gains as Data Points to Falling Deficit, Wage Recovery and Manufacturing Growth

Trump shares new economic data showing lower deficits, rising wages, stronger manufacturing output and booming business investment in early 2025.

International Business Times UK

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Australian economic growth is solid but not spectacular. Rate cuts are off the table

Australia’s economy grew by a softer-than-expected 0.4% in the September quarter, slowing from 0.6% growth in the June quarter. It confirms the recovery is tracking forward but without strong momentum.

The Conversation

Chinese economic slowdown at top of RBA's mind

Slowing Chinese economic growth and persistently high inflation are "top of mind" for the Reserve Bank of Australia.

AAP

Trump Says Kevin Hassett Is His 'Potential Future Fed Chair' — What Does It Mean For Markets?

Kevin Hassett has emerged as the leading candidate to replace Federal Reserve Chair Jerome Powell, signaling a potential shift toward sharply easier monetary policy next year.

Benzinga

Rising Home Insurance Premiums Are Forcing Seniors To Re-Evaluate Their Deductibles

Home insurance costs are climbing across the country, and older homeowners are feeling the strain. Insurers point to inflation, rebuilding costs, and climate-related disasters...

Saving Advice

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Trump Labels Affordability 'A Democrat Scam' as Inflation Rebound Fuels Voter Anger

Donald Trump dismissed affordability as 'a Democrat scam' while inflation's rebound and voter disapproval highlight economic strain.

International Business Times UK

8 Cost-Cutting “Hacks” That Actually Hurt Your Finances

We all want to save more money. Inflation makes frugality feel necessary. However, there is a fine line between thrifty and cheap. Some shortcuts end up costing you double in the long run.

Budget and the Bees

7 IRS Rule Changes Affecting Retiree Withholding Early in the Year

Taxes are a reality for retirees, even those living on fixed incomes. Withholding rules determine how much money is taken out of Social Security, pensions,...

Saving Advice

FTSE 100 ends flat as bank gains offset weak gold

Elsewhere, UK lenders passed the latest Bank of England stress tests.

The Independent UK

Dollar General, Dollar Tree Q3 Preview: Report Shows Traffic Gains, But SNAP Benefit Disruption Could Hurt Guidance

Dollar General Corporation (NYSE:DG) and Dollar Tree Inc (NASDAQ:DLTR) could offer insights into consumer shopping trends amid tariffs and inflation when the companies report third-quarter financial results this week.

Benzinga

Americans Feel Bleak Despite Strong Economy — Here's Why

American consumers are seriously depressed, even as key economic data looks solid. A surprisingly deep gloom now dominates U.S. households, even as unemployment, inflation and wage trends suggest households should feel stronger than they have in years.

Benzinga

I Asked ChatGPT When Prices Will Finally Go Back Down: Here’s What It Said

ChatGPT said prices won't drop to 2021 levels but inflation should slow to 2.6% in 2026. Groceries rise 2.3%, housing 0.5%-2%, relief coming gradually.

GOBankingRates

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Benzinga

The Price of Parenthood Is Soaring: U.S. Families Could Face Over $82K Annual Costs by 2035

Parenthood is already expensive, but a new global study shows that things could get tougher for parents. The annual cost of raising a family in the United States could top $82,000 by 2035, according to Remitly's Global Family Inflation Index.

Axios

AI bubble a "key downside risk" to U.S. economy, report warns

The OECD expects growth to slow and inflation to rise in the U.S. next year.

Kiplinger

3 Ways to Stretch the 2026 Social Security COLA For Your Budget

Three steps retirees can take to stretch the Social Security COLA to fit their budgets.

Euronews

European bond yields are rising again, but inflation isn't to blame

European bond yields are rising despite stable inflation data as a surge in Japanese yields fuels global market repricing.

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Evening Standard

UK growth facing headwinds from tax hikes and spending cuts – OECD

The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening.

Evening Standard

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

The Independent UK

Fresh blow for Reeves as Labour’s anti-migration policies blamed for sluggish UK growth

Less than a week after her controversial Budget, Rachel Reeves has been warned that tax hikes and spending cuts will pile pressure on the UK economy in next two years

Evening Standard

Top mortgage lender plays down impact of mansion tax on property market

Average annual house price rises slowed from 2.4% to just 1.8% - half the rate of inflation - in November

The Guardian - UK

Use shop loyalty cards, invest, switch savings accounts: six ways to tackle inflation

Prices are rising on everything from energy to food – but there are ways to cushion the impact

The Independent UK

Good news for shoppers as price increases ease just in time for Christmas

Last month, shop price increases slowed, as did food inflation

Budget and the Bees

10 Proven Ways to Protect Your Retirement From Inflation

Inflation is the silent thief of retirement. You work for decades to save a nest egg. Then, rising prices slowly erode its value. A million dollars today won’t buy the same lifestyle in twenty years. Ignoring this reality is a dangerous financial mistake. You cannot just stuff cash in a…

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