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The Latest Breaking News from Inflation

Scott Bessent Says Americans Set For 'Lowest Cost' Thanksgiving Dinner In 4 Years After Being 'Traumatized' By Biden-Era Prices

Treasury Secretary Scott Bessent defended the Trump administration's handling of inflation and affordability, dismissing concerns over recent consumer price increases and forecasting relief for American households ahead of the holidays.

Benzinga

Medicare 2026 Premiums: Why Low-Income Dual Enrollees Face the Harshest Squeeze

Medicare 2026 premiums are jumping 9.7 per cent, erasing the benefits of the 2.8 per cent Social Security COLA for millions. Discover how this historic hike impacts dual enrollees and monthly budgets.

International Business Times UK

‘It didn’t have to be this way’: Top economist warns affordability crisis will continue as tariffs and immigration crackdown send inflation higher

“Consumer price inflation is near 3%, well above the Fed’s inflation target, and everything points to even higher inflation dead-ahead.”

Fortune

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Warning 1.3m more people could pay higher income tax rate after Reeves Budget

Concerns over the impact of a ‘stealth tax’ have been highlighted as the chancellor confirms inflation busting rise in the state pension

The Independent UK

She Makes $70K A Year In Texas And Still Feels Poor — Is Inflation To Blame Or Overspending The Real Problem?

A debate over income and rising costs surfaced after friends questioned how someone in Texas earning about $70,000 a year still feels poor.

Benzinga

'Our Bill Provides A Financial Lifeline To Seniors' – Senate Democrats Propose $200 Monthly Social Security Increase To Offset Inflation

As living costs continue to climb, a group of Senate Democrats is pushing for temporary financial relief for older Americans. The newly introduced Social Security Emergency Inflation Relief Act bill aims to boost monthly Social Security and veterans' benefits by $200 per month for six months, starting in early 2026.

Benzinga

Legendary Investor Forecasts Another Fed Rate Cut In December Amid Economic Instability

In the midst of the current economic turbulence, Bill Gross, a seasoned bond manager on Wall Street, has made a bold prediction about the Federal Reserve’s upcoming actions.

Benzinga

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Millions Of Americans Carry More Credit Card Debt Than Emergency Savings

Federal Reserve officials remain sharply divided on interest rate cuts, casting doubt on the likelihood of a December rate cut. With inflation trying to creep back up and a weakening labor market, the Fed has some big decisions to make.

Benzinga

What $100 Buys You in 2025 vs. What It Bought in 2010

If there's one thing that consumers are familiar with, it's inflation. This has ramifications both for household budgets and for those planning for retirement.

GOBankingRates

Americans are feeling the pain of the affordability crisis: ‘There’s not any wiggle room’

The costs of groceries, housing, childcare, education and healthcare have become intolerable to many

The Guardian - US

Huge Signs Your Budget Is About To Get Destroyed by Inflation

Here are some huge signs inflation's about to take a big bite out of your spending plan.

GOBankingRates

I'm a Financial Planner: This Retirement GPS Helps With Navigating Your Drawdown Phase

Ready to retire? Here's how to swap your 'peak earnings' mindset for a 'preserve-plus-grow' approach instead of relying on the old, risky 4% rule.

Kiplinger

Trump Boasts He 'Stopped Five Wars With Tariffs' As He Claims US Is Now 'Richest, Strongest And Most Respected Ever'

Trump says tariff threats prevented five wars and boosted US strength, touting record markets and economic gains in a new statement.

International Business Times UK

Reeves’ Budget is crucial for the UK economy – here’s why

All eyes are on Wednesday’s Budget after the UK economy stalled in recent months

The Independent UK

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Evening Standard

Why is this Budget so important for the UK economy?

On Wednesday, the Chancellor will unveil her latest autumn Budget amid growing concerns over weakness in the economy.

Benzinga

Grocery Prices Are Still Climbing — Now Trump Orders Tariff Exemptions To Slow The Surge

After years of elevated inflation, many Americans are still feeling sticker shock at the grocery store. Food costs continue creeping higher, even as overall inflation has eased from its peak. Now, the Trump administration is turning to tariff exemptions in hopes of slowing the pressure on household budgets.

Saving Advice

The Christmas Inflation Crisis: Why Holiday Lights, Trees, and Gifts Cost More Than Ever in 2025

Christmas has always been a season of joy, but in 2025 it’s also a season of economic strain. Families across the U.S. are reporting higher...

AAP

Early Christmas for RBA with landmark inflation print

Inflation data will dominate the domestic economic dashboard, while the UK budget and New Zealand rate cuts are on the agenda abroad.

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Evening Standard

Reeves pledges to ‘grip cost of living’ in Budget as tax hikes expected

Chancellor Rachel Reeves is grappling with weak economic growth, persistent inflation and an expected downgrade to official productivity forecasts.

Saving Advice

The Layoff Wave of 2025: How AI, Inflation, and Corporate Restructuring Are Reshaping the American Workforce

2025 has become the worst year for layoffs since 2009, with companies across industries slashing jobs at alarming rates. Employers announced more than 150,000 cuts...

Grocery Coupon Guide

Why Shoppers Say Inflation Isn’t Going Away Anytime Soon

Prices have stopped shocking us, but they haven’t stopped rising. Many shoppers say the new normal feels permanent, and they’re adjusting their habits rather than waiting for relief. From the grocery aisle to the gas pump, signs show that inflation isn’t just a temporary spike. It’s reshaping how people spend,…

Fortune

The analyst who once predicted the ‘end of capitalism’ sees Zohran Mamdani’s election as a ‘day of reckoning coming in’—and corporates only have themselves to blame

Albert Edwards says Zohran Mamdani’s policies are “lunacy,” but big companies “laid the seeds for their own destruction.”

GOBankingRates

Retirement 2026 and Beyond: What the New 4.7% Rule Looks Like for Spending

For 2026 and beyond, experts have begun suggesting that a withdrawal rate of 4.7% might be more appropriate than the previously recommended 4%.

Barchart

Stocks Rally as Chip Makers Rebound

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.98%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.77%. December E-mini S&P futures (ESZ25 ) rose +1.00%, and December...

Barchart

Dollar Posts Modest Gains as US Consumer Sentiment Revised Higher

The dollar index (DXY00 ) on Friday posted a 5.5-month high but gave up most of its advance and finished up +0.03%. The dollar found support on Friday's hawkish comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan, who said they favored keeping interest rates steady....

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