The Latest Breaking News from Inflation

Ted Heath and Jim Callaghan paid a big price for taking on the trade unions, and once again voters are blaming the politicians

MANILA: Philippine President Ferdinand Marcos Jr has approved the recommendation of the economic ministry to extend up to the end of next year lower tariff rates on rice and other food items to help combat inflation, his office said on Sunday.

Thailand's overall smartphone shipments dropped 12% year-on-year in the third quarter, particularly for entry-level handsets, as inflation delayed people's purchasing decisions, says global tech market analysis firm Counterpoint.

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

The Biden administration says the U.S. is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year to fight inflation

Jeremy Siegel warned that inflation was going to become a problem in 2020. Now, he says the Fed has done too much to fight it, and is set to cause a recession.

A moderating inflation and the Fed’s smaller interest rate hike this month have fueled optimism for a significant year-end rally. Given this backdrop, buying shares of fundamentally sound stocks, ICL Group (ICL), Overseas Shipholding Group (OSG), and ARC Document Solutions (ARC), trading at attractive valuations could be ideal investments now.…

Even though inflation seems to be cooling down, the Fed expects the interest rate hikes to continue in the near term. As market volatility is expected to remain, high-yielding dividend stocks AbbVie (ABBV), Sisecam Resources (SIRE), and Bassett Furniture (BSET) could be wise buys now. These stocks could help you…

“You have this long grind that’s probably a couple years.”