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The Latest Breaking News from Inflation

No, Low Interest Rates Did Not Justify Adding Trillions of Dollars to the National Debt

Especially because the once-dismissed possibility of rising rates is now a reality.

Reason

Stocks Finish Lower as Strong CPI and Weak Bond Auction Boosts Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. Stocks on Thursday posted moderate losses as T-note...

Barchart

The inflation report just wasn’t very dramatic. Cue a range of wildly varying takes on Wall Street

BofA and Citi warn the latest inflation report is a worrying sign for the Fed, but BlackRock’s Rick Rieder and veteran strategist Ed Yardeni are more optimistic.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Dollar Moves Higher as Strong U.S. CPI Boosts Bond Yields

The dollar index (DXY00 ) on Thursday rose by +0.70%. The dollar on Thursday recovered from a 2-1/2 week low and posted moderate gains after stronger-than-expected U.S. economic reports bolstered the outlook for the Fed to raise interest rates one more time this year. Also, dovish ECB comments on Thursday...

Barchart

Inflation Won't Go Away Until Congress Gets the Deficit Under Control

The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.

Reason

Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?

Rather than being vetoed by bond markets, policymakers are seeking higher rates–and getting what they want.

Fortune

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

The Independent UK

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Broader Market Under Pressure as Strong CPI Keeps Fed Rate Hikes in Play

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. Stocks this morning are mixed, with the Nasdaq 10...

Barchart

US retirees will get 3.2% social-security boost next year, smallest gain since 2021

WASHINGTON: Monthly checks for the more than 71 million people receiving retirement or disability benefits in the US will get a 3.2% increase next year, the smallest gain since 2021, reflecting a significant cooling in the rate of inflation.

The Times of India

Rishi Sunak’s pledge to halve inflation is now under real threat

If oil and gas deliveries reduce, prices will soar. In anticipation of what may unfold, they have been climbing already

Evening Standard

Retirees’ Social Security cost-of-living adjustment will officially be less than half of last year's, even though many seniors still haven’t recovered from inflation

Retirees and other beneficiaries will receive a 3.2% cost-of-living adjustment for their 2024 Social Security payments.

Fortune

Social Security benefits will go up by 3.2% in 2024 as inflation moderates

Thursday’s announcement follows this year’s 8.7% benefit increase, brought on by record 40-year-high inflation. With inflation easing, the next yearly increase is markedly smaller.

Chicago Sun-Times

US price growth holds steady as Fed mulls next move in inflation battle

Official data shows consumer price index up to 3.7% as central bank keeps watchful eye on latest inflation figures

The Guardian - US

Social Security recipients will get a smaller increase in benefits as inflation cools

Social Security beneficiaries will receive a 3.2% cost of living adjustment next year. Inflation has been moderating recently, with consumer prices in September up 3.7% from a year ago.

WEKU

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Barchart

Stocks Climb Before the Open as Bond Yields Fall, U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.43%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.46% this morning as U.S. Treasury yields continued to fall, while market participants braced for a key U.S. consumer inflation report.

Barchart

Stocks Rise Before the Open as U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.36%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.42% this morning as market participants braced for a key U.S. consumer inflation report.

The Independent UK

Stock market today: Asian shares rise with eyes on prices, war in the Middle East

Asian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas

The Guardian - UK

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

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The Guardian - UK

UK economy grew by 0.2% in August – but recession concerns remain

Rise in GDP fuelled by business services amid worries that impact of recent interest rate hikes yet to be felt

The Independent UK

October dates for benefits, pensions and cost of living payments

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

AAP

Looming job market slowdown to hit young workers hard

The strength of the jobs market has been puzzling economists although a number of indicators are signalling a weaker trend to come.

The Independent UK

US inflation may have risen only modestly last month as Fed officials signal no rate hike is likely

Inflation in the United States likely eased again last month, though the decline might have slowed since summer, a reminder that the outsize price pressures of the past two years will take more time to cool

USAFacts

How much do workers in the US earn?

In 2022, the median annual earnings for workers in the United States was $46,367, down nearly 7% from 2021.

StockNews.com

Evaluating Investment Prospects in 3 Auto Stocks

The auto industry is growing due to easing inflation, high demand, and improved supply chains. Amid this backdrop, let’s evaluate the investment prospects of auto stocks Rivian Automotive (RIVN), LCI Industries (LCII), and Rolls-Royce Holdings (RYCEY). Read on.

Barchart

Stocks Mixed as Dovish Fed Comments Knock Bond Yields Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.16%. Stocks are mixed on a decline in bond yields...

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