The Latest Breaking News from Inflation

Govt increases cooking gas subsidy to ₹300/unit for poor households. In Aug, price was reduced by ₹200 to rein in inflation before elections. Govt estimated to spend ₹11,600cr on subsidy this fiscal year. High inflation & LPG prices globally have surged 300% since April 2020.

MPs express bafflement PM has resolved to do so little since ‘steadying ship’ after Truss’s disastrous tenure

Average 12% reduction comes as more affordable own-brand products introduced in Express stores

The Australian services sector continues to bring in a lot of new business even as interest rates remain high and consumers start to pull back.

Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.83%. Stocks on Tuesday sold off sharply, with the...

"I don’t believe we should decouple at all from China," the Treasury Secretary told Fortune CEO Alan Murray, "but I do think we need to derisk."

The dollar index (DXY00 ) on Tuesday rose by +0.07% and posted a 10-1/4 month high. Strength in the U.S. labor market supported the dollar after Aug JOLTS job openings unexpectedly rose. Also, hawkish comments Tuesday from Cleveland Fed President Mester and Atlanta Fed President Bostic pushed the 10-year T-note...

It's tough to compete with soaring bond yields right now, but consumer staples stocks are must-watch names as market volatility and rate hikes add to recent pressures.