The Latest Breaking News from Inflation

Domestic economy ‘more resilient than previously expected’, Reserve Bank says in quarterly statement

Inflation is still expected to return to the Reserve Bank of Australia's target band by the end of 2025 but is proving to be more persistent than expected.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.81%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.82%. Stocks on Thursday posted moderate losses. Stocks were under...

The dollar index (DXY00 ) Thursday recovered from early losses and ended the day mildly higher by +0.27%. The dollar found support Thursday on hawkish comments from Fed Chair Powell, who said policymakers were “not confident” they had raised interest rates enough to bring inflation back down to the Fed’s...

The IRS has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation.

Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.63%. This afternoon, Fed Chair Powell spoke at the IMF’s...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.05%. Stocks this morning are under pressure from higher bond...

The region’s agricultural sector and gig economy are also key factors in slowing price growth, Zhang Tao says

Major banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages

Inflation very gradually easing but many households still struggling