The Latest Breaking News from Inflation

Bill Ackman Takes Aim at Zohran Mamdani As 18.2% Mayor Pay Raise Sparks Fresh Questions Over NYC's Rent Freeze Policy: 'How Is This Fair?'

Billionaire investor Bill Ackman questioned New York City Mayor Zohran Mamdani (D) on Tuesday after a mayor-appointed commission recommended an 18.2% salary increase for the mayor and other elected officials, arguing the proposal contradicts the city’s recent rent freeze policy.

Benzinga · Jul 8

Prolonged US-Iran tensions may push India's crude basket above $75/bbl, raise inflation risks: Experts

Market experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion supply disruptions, reducing vulnerability to shocks. However, prolonged conflict may push India's crude basket beyond $75 per barrel. Higher crude prices could create near-term macroeconomic pressures and inflation risks.

The Economic Times · Jul 8

Global Market: Euro zone bond yields hit near one-month high as oil surge fuels ECB rate hike bets

Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices and heightened inflation concerns. Geopolitical tensions escalated after the United States and Iran exchanged military strikes. Money markets now price in more interest rate hikes by the European…

The Economic Times · Jul 8

S&P flags risks to Indian microfinance lenders' $35 billion book

India's $35 billion microfinance sector faces fresh risks as weak monsoon forecasts and persistent inflation threaten rural incomes, increasing the likelihood of loan defaults. According to S&P Global Ratings, borrowers with loans from multiple lenders are already showing higher delinquency rates.

The Economic Times · Jul 8

Thai monetary policy supports economic recovery: central bank

Thailand's accommodative monetary policy ​stance and targeted financial ‌measures are supporting an economic recovery, the minutes of the Bank of Thailand's (BoT) meeting on June 24 showed on Wednesday.

Bangkok Post · Jul 8

NZ notches first rate hike since 2023 with more to come

New Zealand's continuing economic recovery has helped convince the central bank to raise the official cash rate to 2.5 per cent, as expected by economists.

AAP · Jul 8

Inflation-fuelling supply shocks under RBA microscope

The Reserve Bank is aiming to make its communications more accessible to a broader audience as it tries to ward off rising inflation expectations.

AAP · Jul 8

Dollar at week-high after US resumes attacks on Iran

The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks. Concerns over peace deal stability reemerged after Iran's actions in the Strait of Hormuz. Global yields jumped higher as inflation outlook worries intensified…

The Economic Times · Jul 8

Stock Indexes Fall as Chip Stocks Sink and Crude Soars

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.45%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.77%. September E-mini S&P futures (ESU26 ) fell -0.52%, and September E-mini Nasdaq futures...

Barchart · Jul 7

Dollar Edges Up on Weak Stocks and Crude Oil Strength

The dollar index (DXY00 ) rose by +0.24% on Tuesday. The dollar rose on Tuesday amid weakness in stocks, boosting liquidity demand for the currency. Also, higher crude oil prices on Tuesday pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive factor for...

Barchart · Jul 7