The Latest Breaking News from Inflation

Politicians will declare war on ‘cost of living’ and pundits will argue about inflation. The real point is the profits come at workers’ expenses

Suddenly the inflation hawks who have previously written about how the Fed lifting rates ‘puts pressure’ on the RBA to do the same are nowhere to be seen.

The Fed sees inflation moving toward its 2% target; a key inflation report on Friday might help support that stand. Nvidia reports its Q2 on Wednesday.

September S&P 500 E-Mini futures (ESU24) are up +0.16%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.23% this morning as market participants awaited an earnings report from semiconductor stalwart Nvidia as well as the release of the Fed’s preferred inflation gauge later in the week.

Asian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

Servo operator Viva Energy says cost of living pressures and black market tobacco are hitting stores but posted rising fuel sales and a bigger half-year profit.

Recent concerns about the unwinding of yen carry trades and its potential impact on financial markets have proven less disruptive than anticipated. Despite other countries raising interest rates to combat post-pandemic inflation, Japan has kept borrowing costs low to address its long-term economic stagnation. Although the Bank of Japan (BoJ)…

Elon Musk's views on inflation and government spending have sparked debate among experts, with critics challenging his perspective on money printing and de...