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The Latest Breaking News from Inflation

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

The Independent UK

Markets Extend Gains, Dollar Dips As US Data Fans Rate Cut Hopes

The advances tracked another record on Wall Street on a holiday-shortened day, while national elections in Britain and France are also on the radar over the next few days.

Latin Times

UK general election 2024: Key issues by the numbers

Economic stagnation, crumbling healthcare system, housing crisis and immigration are some of the biggest concerns.

Al Jazeera

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As Iran’s run-off election approaches, efforts to get the vote out continue

Painted as ‘moderate vs conservative’, the vote is being closely watched.

Al Jazeera

Asian Stocks Extend Gains, Dollar Dips As US Data Builds On Rate Hope

Asian equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.

International Business Times

US Fed Officials Stressed 'Patience' On Rate Cuts: Minutes

Members of the US Federal Reserve's rate-setting committee said last month that the bank's employment and inflation goals were moving into "better balance," with some calling for "patience" on interest rate cuts, according to minutes of the meeting published Wednesday.

International Business Times

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

The Independent UK

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Scientists Share About The Possibility Of Existence Of Other Universes, People Are Intrigued

Vera C. Rubin Observatory, with the largest camera ever built, might finally find evidence of the multiverse, which seemed like some kind of science fiction for decades. The post Scientists Share About The Possibility Of Existence Of Other Universes, People Are Intrigued first appeared on Bored Panda.

Bored Panda

Wave of summer travel expected over July Fourth holiday as hot inflation loosens grip

Travel activity is expected to heat up to record levels around the Independence Day holiday as consumers take advantage of cooler prices for airfares, gasoline and hotels

The Independent UK

The ECB's chief is tired of people blaming Taylor Swift for the Eurozone’s sticky inflation

“It’s not just Taylor Swift, you know,” Christine Lagarde told the ECB Forum. “Others have come as well.”

Fortune

Schwalbe looks to reinvent the way we inflate bike tires with its new easier to use and more efficient Clik Valve push-on system

The new valve and pump head tech claims easier and faster inflation than anything else

Bike Perfect

31%: The surge in food prices irking voters in the UK election

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance.

Al Jazeera

Asia Markets Track Wall St Records As Powell Revives Rate Hopes

Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.

International Business Times

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States

The Independent UK

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The Guardian - AU

Low inflation targeting is such a dubious idea. Why did the Reserve Bank adopt it in the first place?

As we struggle with higher interest rates and unemployment, this is the price we have to pay to restore the ‘credibility’ of the RBA

Top News

Federal Reserve Chair Powell Stresses Need For Inflation Progress

Federal Reserve Chair Powell discusses progress in combating inflation and cautious approach to interest rate cuts.

Barchart

Stocks Post Moderate Gains as Powell Says Inflation is Receding

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.01%. Stock indexes Tuesday finished moderately higher. Stocks found support Tuesday from lower bond yields...

Kiplinger

Stock Market Today: Stocks Rise as Powell Praises Inflation Progress

Tesla was the best S&P 500 stock Tuesday after the EV maker disclosed its second-quarter deliveries report.

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Barchart

Dollar Dips on Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) Tuesday fell by -0.17%. The dollar on Tuesday moved lower, pressured by a decline in T-note yields. The dollar extended its losses Tuesday based on dovish comments from Fed Chair Powell, who said prices now show signs of resuming their disinflation trend. Losses in the...

International Business Times UK

JPMorgan's Chief Strategist Reiterates Bearish Outlook, Says The S&P 500 Will Fall 23% By Year-end

JPMorgan strategist Marko Kolanovic forecast a significant S&P 500 decline by year-end as US GDP growth in Q1 slowed considerably amid headwinds like downward earnings revisions.

International Business Times

US Fed Has Made 'Quite A Bit Of Progress' On Inflation: Powell

The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.

The Guardian - UK

Sainsbury’s boss says rate cuts needed to spur consumer spending; eurozone inflation dips to 2.5% – as it happened

Simon Roberts says consumer caution ‘not surprising given everything households have been through in the cost of living crisis’

Bike Perfect

Cycplus AS2 e-pump range review – easy battery-powered tire inflation

Does Cycplus battery-powered e-pump have the power to put mini pumps and CO2 under pressure?

International Business Times UK

16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'

The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.

The Guardian - UK

Sainsbury’s sales growth slows as poor weather hits non-food ranges

Euro 24 lifts TV sales at Argos but purchases of clothing, paddling pools and garden furniture fall

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