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The Latest Breaking News from Inflation

Afternoon Update: inflation falls to two-year low; Iran on alert for US response; and Melbourne’s new poo museum

Attention turns to if and when the RBA will begin cutting interest rates if it becomes confident inflation will drop to its 2-3% target range

The Guardian - AU

Australia's Q4 Inflation Slows, Nearing Rate Cut Consideration

Australia's Q4 inflation has slowed to a two-year low, increasing the likelihood of rate cuts. The sluggish inflation reflects slowing economic growth.

Top News

Inflation rate eases to two-year low in welcome sign

A larger-than-expected slowdown in the inflation rate has all but assured there will be no change in interest rates at the Reserve Bank's meeting next week.

AAP

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IMF Expects U.S. and Latin America's GDP to Grow 2.5% This Year, Decelerate in 2024

In its new World Economic Outlook, the organization said that the global economy is approaching a soft landing, but risks remain

Latin Times

IMF Upgrades Global Economic Outlook, Expects Soft Landing

The International Monetary Fund forecasts resilient global economic growth led by the US and lower inflation rates, raising hopes for a soft landing.

Top News

The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going

Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.

WEKU

IMF Lifts Global Growth Forecast Citing Unexpected 'Resilience'

The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.

International Business Times

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IMF warns Jeremy Hunt against tax cuts in budget

Lower tax levels may not be possible without extra borrowing or post-election spending reductions, says Washington-based body

The Guardian - UK

UK grocery price inflation slows down, says Kantar report

The rate of grocery price inflation in the UK is decreasing at a slower pace, according to Kantar. Find out more about this trend in the British grocery ma...

Top News

German Economy Shrank At End Of 2023: Data

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.

International Business Times

Four Reasons to Buy When You Downsize for Retirement

Buying your retirement home, rather than renting it, grants you stability, control, possible tax benefits and a very handy inflation hedge.

Kiplinger

Why the multiverse is possible according to physics, but not definitely

From the possibility of multiple universes to the concept of cosmic inflation, explore the boundaries of physics and reality.

The Hindu

IMF warns Hunt against tax cuts; eurozone avoids recession – as it happened

Rolling coverage of the latest economic and financial news, as the eurozone stagnates in the final quarter of 2023

The Guardian - UK

When it comes to tax, what is bracket creep – and is ‘fixing’ it really that important?

Politicians will often try to tell you bracket creep is something it is not. Here’s what you need to know about it

The Guardian - AU

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Top News

Ilhan Omar faces treason accusations and calls for removal

This article discusses the controversy surrounding Congresswoman Ilhan Omar's alleged treason and calls for her removal, highlighting her response and focu...

AAP

Migration pressure on inflation concerns RBNZ

Reserve Bank of New Zealand chief economist Paul Conway says the central bank is concerned about the inflationary effect of record migration.

The Guardian - UK

Households in England face above-inflation £2bn council tax raid

Exclusive: Maximum possible 4.99% rises expected in April while PM plans pre-election cuts to income tax

Evening Standard

Bank of England could 'lay the groundwork' for interest rate cuts this week

The Bank is also expected to publish much more optimistic inflation projections this week

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Top News

Inflation slowdown maintains unchanged monetary policy in Singapore

The Monetary Authority of Singapore has decided to maintain its current monetary policy as inflation in the country continues to slow down.

Top News

Pakistan's Central Bank Maintains Key Rate at 22%

The State Bank of Pakistan has decided to maintain the key interest rate at 22% due to persistently high inflation, signaling cautiousness amid ongoing eco...

Latin Times

Bigger Check? How New IRS Brackets Affect Can Affect Your 2024 Tax Refund

Top News

Inflation worries for President Putin ahead of elections

This article discusses the surging price of eggs in Russia, highlighting the economic challenges facing President Putin and the potential impact on upcomin...

AAP

Cost issues still putting child care in the corner

Government intervention, including financial backing, is among the recommendations of a review of Australia's childcare sector.

The Guardian - UK

Governments facing wipeout will always cut taxes but there are better uses for UK’s £20bn windfall

Instead, Jeremy Hunt could shelve plan to cut public investment or repair welfare safety net

WEKU

Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?

Silicon Valley executives have said the cuts are a result of pandemic over-hiring and still-historically high inflation. But others say something else may be behind the mass layoffs.

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