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The Latest Breaking News from Inflation

UK cost of living payments were ineffective sticking plaster, IFS says

Thinktank says nearly £19bn cost of scheme would have been better spent on raising value of benefits

The Guardian - UK

Why inflation is losing its punch — and why things could get even better

Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

WEKU

Top labor economist says the Fed may have just won its inflation fight, batting aside the ‘sticky’ thesis

“Many economists argue that the last mile of inflation reduction will be the hardest, but that isn’t necessarily the case,” ZipRecruiter’s Julia Pollak told Fortune.

Fortune

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Stocks Rally on Speculation the Fed is Nearing the End of Rate Hikes

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.24%. Stock indexes Wednesday rallied, with the S&P 500 posting...

Barchart

Stock Market Today: Falling Inflation Sparks Rally in Tech Stocks

All three major indexes closed higher after the June CPI report, but tech stocks saw outsized gains.

Kiplinger

Dollar Sinks on Increased Chance the Fed’s Rate-Hike Regime May Soon End

The dollar index (DXY00 ) Wednesday plunged by -1.17% and posted a 14-1/2 month low. The dollar sank Wednesday on speculation the weaker-than-expected U.S. June CPI report will prompt the Fed to end its rate hike campaign sooner than expected. Also, lower T-note yields Wednesday weighed on the dollar, and...

Barchart

New findings show a direct causal relationship between unemployment and suicide

Studies using traditional statistical methods have long indicated a link between unemployment and suicide. But until now it has been unclear if this relationship is causal. That is, even though the suicide rate is higher among the unemployed, can we definitely say unemployment directly leads to suicide?

The Conversation

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Biden wants voters to notice inflation drop. Republicans say people are put off by everyday prices

The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency

The Independent UK

Top 3 Consumer Good Stocks Worth Buying Now

Consumer spending has remained steady lately, with declining inflationary woes. Therefore, it could be wise to invest in fundamentally strong consumer goods stocks Shiseido Company (SSDOY), Yue Yuen Industrial (YUEIY), and Acme United (ACU) now for solid returns. Keep reading….

StockNews.com

How the CPI basket conceals the inflation picture

The items in the CPI basket and the weights assigned to them should not remain unchanged

The Hindu

Hunt stresses need for ‘responsible’ approach to public sector pay

The Chancellor urged workers to ‘understand this is a difficult period’.

The Independent UK

‘There is nothing not to like’ in June’s ultra-soft inflation report, top strategist says—and Wall Street is starting to cheer the Fed’s firefighting

“It’s too early to pop the champagne,” Ronald Temple, chief market strategist at Lazard, told Fortune, “but it’s not too early to start chilling the bottle.”

Fortune

June CPI Report: What the Experts Are Saying About Inflation

Inflation eased markedly last month, but that won't keep the Fed from raising interest rates, pros say.

Kiplinger

"The fever is breaking" as inflation finally cools

New CPI data point to steady improvement in price pressures.

Axios

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The Guardian - UK

FTSE 100 marks best day of 2023 as US inflation falls to 3%

‘Not too early to start chilling the champagne,’ says one analyst as traders toast drop in consumer inflation

Newsroom.co.nz

Reserve Bank's meat is retailers' poison

Not everyone will be pleased the RBNZ's drastic measures to cool the economy appear to be working, reports Nikki Mandow

Axios

Wages are finally rising faster than inflation

It follows a long period in which averaging purchasing power was falling.

Zenger

Small Caps Lift Stock Futures As Traders Await Inflation Data: Analyst Says ‘Now Is A Good Time’ To Diversify Portfolios

Positive expectations for June inflation data have boosted market sentiment, reflected in higher stock futures for Wednesday’s opening

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news in one place.

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Barchart

Stocks Soar on Speculation Fed Rate Hikes May Ending

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.82%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.54%. Stocks this morning rallied, with the S&P 500 at...

StockNews.com

3 Retail Stocks to Supercharge Your Portfolio Today

Despite macroeconomic challenges, retail sales are expected to grow this year thanks to easing inflation and a strong labor market. Therefore, it could be wise to buy fundamentally strong retail stocks Murphy USA (MUSA), ODP Corporation (ODP), and Sally Beauty Holdings (SBH). Keep reading.

The Guardian - AU

The RBA wants to raise unemployment to fight inflation – but who will that hurt the most?

Groups who benefited from strong jobs growth will be the first to lose work come a recession

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

Evening Standard

OPINION - Inflation, cuts or strikes: play the world’s most depressing ‘choose your own adventure’ game

If you have a child in school, are awaiting NHS treatment or hope one day to take a train, strikes may not feel like they ever went away. But in terms of newspaper headlines, they have fallen by the wayside a little, as soaring mortgage rates have swallowed up media…

The Conversation

Here's how the Bank of Canada's interest rate hike to 5% will impact Canadian households

The Bank of Canada has just hiked its interest rate by another 25 points to five per cent — the second quarter-point hike since June’s interest rate increase to 4.75 per cent. The central bank has been steadily increasing interest rates over the past three years in an effort to…

Daily Record

Mhairi Black slams Tories for 'not taking mortgage rate rises seriously'

The SNP Deputy Westminster leader said that "people can't afford to wait until Christmas" for their mortgage rates to come down.

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