The Latest Breaking News from Inflation

Falling UK inflation not leading to rise in spending, report finds

May recorded the lowest spending growth since February 2021, Barclays’ snapshot of card activity shows

The Guardian - UK · Jun 4, 2024

Wages bump unlikely to concern Reserve Bank: economists

A 3.75 per cent boost to minimum wages and awards will deliver a small real gain to millions of Australian workers without throwing fuel on the inflation fire.

AAP · Jun 3, 2024

Nigeria loses electricity and major airports close as unions seek higher wages amid record inflation

Africa’s most populous country has ground to a halt as Nigeria’s largest labor unions begin striking to demand a salary increase amid the worst cost of living crisis in decades

The Independent UK · Jun 3, 2024

Stocks Set to Open Higher as Rate Cut Bets Firm, U.S. Jobs Data in Focus

June S&P 500 E-Mini futures (ESM24) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.37% this morning as speculation over interest rate cuts by major central banks heightened appetite for risk-driven assets, while market participants looked ahead to a fresh slew of U.S. labor market data,…

Barchart · Jun 3, 2024

Low-paid wages up 3.75%, with more to come for childcare and health professionals

The Fair Work Commission has boosted the wages of workers on awards by 3.75%, just a touch above the official inflation rate of 3.6%.

The Conversation · Jun 3, 2024

European and Canadian central banks expected to cut interest rates this week

New lower rates of 3.75% and 4.75% respectively are likely to be introduced this week after drops in inflation

The Guardian - UK · Jun 3, 2024

Stock market today: Asian shares start June with big gains following Wall St rally

Shares in Asia have started June with big gains after Wall Street finished with another push higher

The Independent UK · Jun 3, 2024

ECB To Start Rate Cuts But Sticky Inflation Clouds Path Ahead

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle.

International Business Times · Jun 3, 2024

Asian Markets Rally On Renewed US Rate Cut Hopes

Asian markets rallied and the dollar weakened on Monday as a closely watched US inflation gauge dipped in April, reviving hopes that the Federal Reserve will cut interest rates this year.

International Business Times · Jun 3, 2024

Bank of England Under Fire From Leader of the Campaign for Fair Finance

Is the Bank of England up to the job of managing the UK's monetary policy? The leader of The Campaign for Fair Finance Dr Roger Gewolb offered me his views of the UK's central bank.

International Business Times UK · Jun 3, 2024