The Latest Breaking News from Inflation

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

AAP · Jan 7, 2025

Stocks Turn Lower as Bond Yields Rise on Strong US Economic Reports

The S&P 500 Index ($SPX ) (SPY ) today is down -0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.93%. March E-mini S&P futures (ESH25 ) are down -0.32%, and March E-mini Nasdaq futures...

Barchart · Jan 7, 2025

Rise in UK borrowing costs could push Reeves to new public spending cuts

Analysts say costs hitting highest level since 1998 risks wiping out almost all of chancellor’s £10bn buffer

The Guardian - UK · Jan 7, 2025

UK food price inflation hits 3.7%, the highest level since March

Supermarkets celebrate bumper Christmas as households’ spending reaches record £460 on average

The Guardian - UK · Jan 7, 2025

Grocery spending reaches new high as inflation jumps to 3.7%

The average household made nearly 17 separate supermarket trips last month, Kantar reported.

Evening Standard · Jan 7, 2025

Social Security's 2.5% COLA increase for 2025: What you need to know

The 2025 Social Security COLA is only +2.5%, leaving many American retirees concerned about covering their expenses.

Fortune · Jan 7, 2025

Home building to pick up in 2025, but only modestly

Housing construction is expected to ramp up this year but labour shortages, builder insolvencies and higher global inflation pose headwinds.

AAP · Jan 7, 2025

UK retailers may have to cut thousands of jobs after bleak Christmas

British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise

The Guardian - UK · Jan 7, 2025

Broader Market Settles Higher as Chip Stocks Rally

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.09%. March E-mini S&P futures (ESH25 ) are up +0.61%, and March E-mini Nasdaq futures...

Barchart · Jan 6, 2025

Dollar Retreats on Report US to Limit Tariffs

The dollar index (DXY00 ) Monday fell by -0.64%. The dollar retreated Monday after the Washington Post reported that President-elect Trump's aides are weighing a tariff program covering only critical imports. If implemented, such a plan would disrupt global trade less than expected and reduce the inflationary impact of the...

Barchart · Jan 6, 2025