The Latest Breaking News from Inflation

Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising

Considering the slowing down of inflation and the unwavering consumer enthusiasm for fashion merchandise, fashion stocks American Eagle Outfitters (AEO), Dillard's, Inc. (DDS), and Abercrombie & Fitch (ANF) could be solid portfolio additions in September. Read on….

September S&P 500 futures (ESU23) are down -0.23%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.26% this morning as market participants exercised caution and refrained from taking big positions ahead of key U.S. inflation data scheduled for release on Wednesday.

Aldi and Lidl enjoy sales increase and own-label ranges thrive as consumers seek out bargains

Soaring pay growth puts pressure on the Bank to act again, but a slowing economy could tip into recession

The bumper wage growth will also pile pressure on the Bank of England to raise interest rates yet again later this month

Total pay jumps by 8.5% in the last year – ahead of inflation – while value of mortgages in arrears is now the highest in almost seven years

Asian shares are trading mixed following a Big Tech rally on Wall Street, as investors watch for an update on U.S. consumer prices set for later in the week

Pensions could go up £900 if Government sticks to ‘triple lock’