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The Latest Breaking News from Inflation

Four takeaways from General Mills' latest quarter, including more inflation effects

Inflation is proving stickier than a Pillsbury cinnamon roll for General Mills.

Tribune News Service

Mortgage misery as Bank of England hikes interest rates to a 14-year high

Double whammy as average council tax bill to pass £2,000 for the first time

The Independent UK

Fed's unwanted ally in bid to tame inflation: Credit crunch

The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending

The Independent UK

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Bank of England raises interest rates to 4.25%

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

Al Jazeera

2 Stocks to Sell Short in 2023

Amidst high inflation, banking failures in recent weeks, and tight monetary policies, the economy is expected to witness a downturn this year. Against this backdrop, fundamentally weak stocks, Snap (SNAP) and Peloton Interactive (PTON) could be best sold short, liquidated, or avoided completely. Read on.

StockNews.com

Regulator backs local banks to ride out global storm

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

AAP

Why markets don't believe the Fed on rate cuts

Investors are not buying the idea the Fed won't cut — not even a little bit.

Axios

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OPINION - Interest rate rises are a blunt tool – but we haven’t thought of anything better

I would ban all open letters. Don’t write one and never put your name to someone else’s. Open letters are petitions that went to Oxbridge and goad you into asking which college they attended. But there is one example I hold in particularly low regard: the exchange of letters between…

Evening Standard

Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulence

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.

The Conversation

Why mortgage rates will not return to recent lows any time soon

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food and…

The Conversation

Interest rate rise another 'body blow' to household finances, says debt charity

Mortgage borrowers on deals which track the base rate will now see nearly £24 per month added to their costs on average

Wales Online

IMF warns without reforms, Lebanon could see hyperinflation

The International Monetary Fund has given a grim assessment of Lebanon’s prospects for getting out of its deepening financial crisis

The Independent UK

As Fed Raises Rates 0.25%, Savings Rates Set to Rise, Too

The Federal Reserve raises rates again, this time by a quarter point, bringing the federal funds rate to a target range of 4.75% to 5%. As interest rates rise, savings rates for high-yield savings accounts usually do, too.

Kiplinger

3 Large-Cap Stocks You Can Buy for Under $200

The recent financial turmoil from several bank failures, the Fed’s persistent hawkish stance to battle stubborn inflation, and renewed recession worries have kept the stock market highly volatile lately. Amid this backdrop, investors could consider buying fundamentally sound, large-cap stocks Taiwan Semiconductor (TSM), Johnson & Johnson (JNJ), and Merck (MRK),…

StockNews.com

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The National (Scotland)

Mortgage payers 'hammered' as Bank of England hikes interest rates

INTEREST rates have been pushed up for the eleventh time in a row to 4.25 per cent, the highest rate for 14 years.

The Independent UK

‘Latest body blow to household finances’ as Bank of England base rate raised

Thursday’s base rate increase will add around £23.71 per month or more than £284 per year to the average tracker mortgage, industry figures show.

The Guardian - UK

Is this the end of UK interest rate rises or are there more to come?

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling

StockNews.com

3 High-Quality Stocks to Add to Your Watchlist Now

Despite the bank failures, the Fed will likely keep raising interest rates to bring inflation down. This is expected to keep the stock market under pressure. Amid this backdrop, it could be wise for investors to add high-quality stocks Visa (V), Amgen (AMGN), and Box (BOX) to their watchlist. Keep…

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The Money Edit

Interest rates rise to 4.25% - what does it mean for your money?

The Bank of England has increased the base rate for the 11th time in a row. We look at whether rates could rise further this year, and what the latest hike means for your mortgage and savings

StockNews.com

3 Stocks You Shouldn’t Hesitate to Buy Despite Rising Recession Risks

The bank failures and the Fed’s monetary tightening have increased the risk of a recession later this year. This is expected to keep the stock market under pressure. Amid this uncertainty, it could be wise to buy and hold fundamentally strong stocks Oracle (ORCL), CVS Health (CVS), and Humana (HUM)…

Evening Standard

OPINION - The Standard View: As the capital’s income tax bill hits £50bn, Londoners are feeling the pinch

Interest rates are an inherently blunt tool — they come with unfortunate and imprecise time lags. But they remain our best device for bringing inflation down, contributing to economic stability and ultimately prosperity.

Manchester Evening News

What the Bank of England's rise in interest rate means for you and your money

The UK's interest rate has been risen up for the 11 consecutive time in a bid to drive down inflation

Insider UK

Bank raises interest rates again, alongside upgraded economic forecast

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

Birmingham Post

Bank of England lifts UK interest rates again but upgrades economic growth forecast

Monetary Policy Committee voted seven to two to increase rates

The Independent UK

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.25%

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