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The Latest Breaking News from Inflation

Trump ally Kevin Warsh confirmed as next US Federal reserve chair after tight Senate vote

Kevin Warsh has been confirmed as the next chair of the US Federal Reserve after the Senate approved President Donald Trump’s nominee in a narrow 54-45 vote.

The Times of India

Warsh clinches Senate approval to be Fed's next chair as inflation intensifies

In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling…

The Economic Times

Modi’s toughest economic test may demand more than appeals

Prime Minister Narendra Modi faces economic headwinds. Appeals for reduced consumption of imported goods like oil and gold may not suffice. Allowing oil prices to rise or the rupee to depreciate could curb demand but risks inflation. Tax cuts on fuel offer an alternative to protect consumers. Addressing foreign investment…

The Economic Times

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US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

The Economic Times

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

Axios

US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates

The Guardian - US

Most married couples are leaving Social Security money on the table — here's how to claim it all

Social Security benefits for married couples are becoming one of America’s biggest retirement conversations in 2026. The average dual-income retired couple now receives nearly $50,000 yearly in Social Security payments. Yet millions still lose thousands because they claim too early or misunderstand spousal benefit rules. Rising inflation, healthcare costs, and…

The Economic Times

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Top 10 countries with the most gold in 2026: USA tops, China and India lead the global rankings

Gold is amongst the safest forms of investment in the world as it serves as an insurance instrument against inflation, foreign exchange risks, and political instability. It is very usual for the foreign exchange reserves of a country to have some quantity of gold in them. According to the figures…

The Times of India

3 Sectors That Look Most Vulnerable Ahead of May 15

A new Fed chair takes over May 15 as inflation stays elevated and three key market sectors flash bearish signals. Here's what investors need to watch.

MarketBeat

‘Not even a little bit’: Donald Trump displays rare honesty, admits he doesn’t care about financial struggles of American families amid Iran War

And yet, MAGA will still worship him.

We Got This Covered

The U.S. inflation problem is getting worse

The PPI for final demand rose 1.4% in April alone, and is up 6% over the last 12 months.

Axios

US stock market today: Why is Dow Jones crashing while the S&P 500 and Nasdaq rise? Dow falls 260 points as inflation heats up and Trump heads to China

US stock market today: Dow Jones, S&P 500, and Nasdaq moving in opposite directions. Dow falls 260 points today as inflation heats up and President Donald Trump arrived in China for a major summit with Xi Jinping. S&P 500 and Nasdaq pushed higher, led by another powerful rally in chip…

The Economic Times

Chip Stock Strength Lifts the Broader Market

The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.60%. June E-mini S&P futures (ESM26 ) are up +0.12%, and June E-mini Nasdaq futures...

Barchart

The crucial inflation error costing Brits hundreds of pounds in their savings

For savings to grow in real terms it’s vital to earn more in interest than the rate of inflation

The Independent UK

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Budget and the Bees

10 States Expanding Property Tax Relief for Disabled Homeowners This Year

Rising home values and inflation are putting serious pressure on homeowners across the country, especially those living with disabilities and fixed incomes. In response, several states are expanding property tax relief programs aimed at helping disabled homeowners stay in their homes without facing crushing tax bills. These updates include larger…

Barchart

Dollar Climbs as Inflation Fears Push Bond Yields Higher

The dollar index (DXY00 ) climbed to a 1.5-week high today and is up by +0.22%. The dollar is moving higher today on the stronger-than-expected US Apr PPI report, which was hawkish for Fed policy. The dollar also has safe-haven support on concerns that the US-Iran ceasefire may break down...

International Business Times

Wholesale Inflation Jumps 6%, The Highest Increase In More Than Three Years

Wholesale prices saw their highest annual increase in over three years, according to the latest figures.

The Independent UK

Trump sees US suffer biggest inflation jump since Biden was in office

Producer prices rose 6 percent year-over-year in April, according to Labor Department

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Barchart

Stocks Pressured by Signs of Resurgent Inflation

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. June E-mini S&P futures (ESM26 ) are down -0.20%, and June E-mini Nasdaq futures...

Grocery Coupon Guide

The Real Reason Your Groceries Cost So Much And Why Lawmakers Are Missing the Mark

Politicians love to stand in front of television cameras and promise immediate relief for struggling American families. They frequently propose aggressive new laws designed to stop local supermarkets from raising their daily retail prices. However, these flashy political strategies completely fail to address the actual root causes of modern food…

The Guardian - US

‘I don’t think about Americans’ financial situation,’ says Trump amid Iran talks

With US inflation at a three-year high, US president insisted he’s not focused on economic hardship sparked by the conflict

International Business Times UK

Social Security COLA 2027 Prediction Hits Highest Forecast Since 2022 — What It Means for Retirees

The Social Security Administration may issue a 4.2% COLA for 2027 due to rising inflation, driven by the Middle East conflict, which would be the highest increase in four years.

The Economic Times

US wholesale prices rise 6.0% year-on-year in April, highest since 2022

American wholesale prices saw a significant jump in April. This surge marks the highest yearly increase in over three years. Higher energy costs, influenced by the Iran war, are the primary driver. This follows a similar trend in consumer inflation. The situation presents a challenge for President Donald Trump's economic…

The Independent UK

Producer prices shot up 6%, adding to pressure on companies to raise prices for customers

U.S. wholesale inflation came in hot last month

International Business Times UK

Why the US Inflation Feels Worse Than 3.8%: The Growing Gap Between Official Data and Real Life Costs

US inflation hit 3.8%, but rising food and energy costs leave many Americans feeling a far greater cost-of-living squeeze.

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