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The Latest Breaking News from Inflation

Government urged to end ‘mortgage horror show’ as average two-year rate tops 6%

Calls for intervention were made as the average two-year fixed-rate mortgage deal topped 6% for the first time this year.

The Independent UK

Interest rates could rise to 6% as City fears Bank of England losing inflation battle

The picture could get significantly better or worse this week with two key economic events on the calendar

Evening Standard

Average two-year fixed-rate mortgage tops 6% for first time in 2023

The last time that the average two-year fixed-rate mortgage was 6% or higher was in December 2022, according to figures from Moneyfactscompare.co.uk.

The Independent UK

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Morrisons cuts prices of nearly 50 items as hopes mount of easing food inflation

Tesco boss Ken Murphy said last week there were ‘early signs’ that rampant food price inflation is starting to ease

Evening Standard

‘This is going to sting’: What would a mortgage crisis mean for homeowners and renters?

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

The Independent UK

NSW must help Reserve Bank ‘slay the inflation dragon’, state treasurer says

Daniel Mookhey to give major speech to parliament outlining the state’s finances as budget delayed until September

The Guardian - AU

Average two-year fixed rate mortgage deal hits 6% for first time this year, as Sunak rules out extra help – business live

Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years

The Guardian - UK

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Sunak says no extra help with mortgages as fixed rates climb to 6%

Prime minister says no new support available for households struggling to pay loans

The Guardian - UK

Sunak rules out mortgage support as he urges banks to help struggling homeowners

PM wants banks to offer ‘bespoke support’ – as average two-year fixed-rate mortgage hits 6% and lenders pull deals

The Independent UK

Average two-year mortgage interest rate hits 6% as Rishi Sunak rules out homeowner help

The average 2-year fixed rate mortgage rate climbed to 6.01% on Monday in a fresh blow to homeowners and first-time buyers

Evening Standard

Wages are finally rising in Japan, as inflation eats away at consumer gains

Wages are rising in Japan more than they have in decades, at least for some workers

The Independent UK

Union leaders vow to carry on fight for better wages and working conditions

A year after start of Britain’s biggest wave of industrial action for 30 years, unions say they are are resolute

The Guardian - UK

Bank Holiday, Housing Data and Other Key Themes to Watch This Week

Last week was a wild week in the market, with the FED confirming a pause in rates the Markets took that as a license to blast off. This combined with a better-than-expected inflation number helped push the S&P 500 back over $440.00.

Barchart

Starved of funds and vision, struggling universities put NZ’s entire research strategy at risk

The crisis in Aotearoa New Zealand’s university and wider research sector did not happen overnight. While funding shortfalls and sweeping redundancies are now making headlines, the underlying problems have been evident for years.

The Conversation

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The New Daily

Alan Kohler: RBA hasn’t broken its habit of making horribly wrong interest calls

Pessimists fearful of a Reserve-Bank trifecta of runaway inflation, massive unemployment and house-price collapse need to get a grip.

Newsroom.co.nz

The recession you have when you’re not having a recession

While economists are expecting further contraction of the NZ economy this year, opinions vary as to how bad things could get.

Kiplinger

Where to Invest in 2025

With the economy growing and the Federal Reserve easing, there's a lot to like about this market. Here's what investors can expect in the new year.

Kiplinger

5 Dividend Growth ETFs to Buy

Dividend growth ETFs can provide investors with a steadily growing stream of passive income and exposure to quality companies.

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The Guardian - UK

‘Anyone want to buy?’: Turkish lira falls as traders await uplift in economy

Mood is tense among currency traders in Istanbul’s Grand Bazaar, with country reeling from a profound economic crisis

The Guardian - UK

As mortgage rates surge, the Tories are losing their reputation for economic competence

The party is tearing itself to pieces as terrified borrowers face a new age of insecurity

The Guardian - UK

Sunak, Hunt and homebuyers brace for an economic Big Wednesday

The midweek inflation bulletin could be the most significant piece of government data published this year

StockNews.com

Reading Between the Lines of the Latest FOMC Statement

The big news this week came from the Fed, with a pause in the rate hike cycle along with hawkish language from the FOMC (higher rates to come). However, after a brief pullback in stocks, the S&P 500 (SPY) and other markets have gotten back to their bullish ways. We'll…

The Independent UK

Brexit to blame for soaring inflation, former Bank of England boss says: ‘We told you so’

Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’

The Guardian - UK

Brexit to blame for rising inflation, says former Bank of England governor

Mark Carney says Bank’s negative predictions about consequences of leaving EU ‘proven to be the case’

Kiplinger

How to Survive the 2023 Stock Market

To survive the 2023 stock market, investors should focus on high-quality stocks and bonds, watch out for a recession, and above all, stay nimble, says Wells Fargo Investment Institute's senior global market strategist.

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