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The Latest Breaking News from Inflation

Where will tariffs and inflation stand a year from now? Fitch's chief economist outlines a worrisome prediction

A top economist lays out the economic fallout from Trump's tariff war.

Fortune

Interest rates are set to go down in the UK next month - here’s why

Interest rates are likely to go down next month - but much could yet be decided by how fast the issues around tariffs are resolved

The Independent UK

The Ultimate Frugal Shopping List for People Who Always Forget The Essentials

Today, it’s even harder to be frugal when grocery shopping, especially with inflation. According to the Economic Research Service, grocery prices have risen by more than 23% from 2020 to 2024. If you want to save on groceries, you have to be strategic. You’ll also need to go to the…

Beating Broke

From analysis to the latest developments in health,
read the most diverse news in one place.

Dollar Recovers on US Trade Deal Optimism

The dollar index (DXY00 ) today is up by +0.32%. The dollar today is rebounding higher from Monday's 3-year low. Short covering emerged in the dollar today on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks...

Barchart

World Could Boost Growth By Reducing Trade Doubt: IMF Chief Economist

Policymakers should find a way to reduce the uncertainty over trade policy kicked up by Donald Trump's tariff plans in order to boost global growth, the International Monetary Fund's chief economist said in an interview.

International Business Times

Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Evening Standard

Tariffs will raise prices. But the climate crisis is the real inflation risk

As temperatures rise and countries back off their decarbonization efforts, we must confront a reality central banks can’t correct

The Guardian - US

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Bank of England rate-setter says US tariffs likely to push down on inflation

Megan Greene was speaking weeks ahead of the Bank’s next monetary policy meeting, where it is expected to cut interest rates.

The Independent UK

Pound hits seven-month high against dollar amid US stock market turmoil

Trump has urged the Fed lower interest rates immediately

Evening Standard

Is Donald Trump threatening the US Federal Reserve’s independence?

US president Donald Trump has been increasingly calling for the Federal Reserve to lower interest rates, claiming that there is "virtually no inflation", as energy and grocery prices continue to decrease considerably.

Euronews

Scottish Water staff strike over pay dispute

A spokesman for the publicly-owned utility company said the pay offer is ‘above inflation’.

Evening Standard

Even fellow critics of the Federal Reserve want Trump to back off Powell as stocks and the dollar both slide

When politics interferes with the central bank’s ability to set monetary policy, inflation tends to be the result.

Fortune

Rate cut on horizon amid fears of more stock turmoil

Donald Trump's latest attack on a pillar of the global economy could renew market stress as Australian homeowners eye a supersized rate cut.

AAP

Canada’s federal election must grapple with the limits of neoliberal economics

With a federal election on the horizon, economic policy is once again taking centre stage. Yet missing from the national debate is a serious reckoning with the failures of neoliberalism and the urgent need for alternatives.

The Conversation

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The Guardian - US

Can Trump fire Federal Reserve chair Jerome Powell?

The US president and the man he appointed to head the central bank are at loggerheads over interest rates

Kiplinger

Two Don'ts and Four Dos During Trump's Trade War

The financial rules have changed now that tariffs have disrupted the markets and created economic uncertainty. What can you do? (And what shouldn't you do?)

Fortune

Trump’s handling of tariffs and inflation nosedives his economic approval rating to the rock bottom of his entire presidential career

A survey of 1,000 Americans showed Trump with 43% approval and 55% disapproval.

Cycling News

Muc-Off AirMach Electric Mini Inflator Pro review: Small, mighty, and practical, but lack of waterproofing is an oversight

Reduces the need to carry CO2 canisters or spend loads of time pumping. Quick and efficient tyre inflation, but struggles to seat tyres and is not waterproof.

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news in one place.

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The Guardian - UK

Could Trump’s tariffs give a green light for corporate profiteering?

Expectations of inflation, and recent waves of price rises, could be self-fulfilling and fuel ‘greedflation’ – and it may not only apply to US consumers

The Conversation

Trump’s attacks on central bank threaten its independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment…

Latin Times

Tokyo Leads Gains In Most Asian Markets On Trade Deal Hopes

Investors are also eyeing developments at the Federal Reserve as Trump hit out at boss Jerome Powell, who warned the sweeping tariffs were "highly likely to generate at least a temporary rise in inflation".

Euronews

US tariffs will not spark global recession but will weaken economy, IMF says

Surging US tariffs will weaken the global economy and push up inflation this year, according to the International Monetary Fund.

Euronews

Why economists believe the ECB will keep on cutting interest rates

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

Euronews

Trump suggests he could remove US Fed Reserve Chair Jerome Powell

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

International Business Times

Japan Rice Prices Soar As Core Inflation Accelerates

Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world's number four economy.

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