The Latest Breaking News from Inflation

Finance bosses doubt Bank of England, saying inflation will still be too high in 2026

Decision-makers expect inflation to be 3.2% three years from now

Evening Standard · Sep 7, 2023

Stocks Slump Before the Open as Inflation and Interest Rate Worries Return

September S&P 500 futures (ESU23) are down -0.58%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.88% this morning after three major U.S. benchmark indices ended the regular session lower as an unexpected rise in a key U.S. services activity gauge bolstered speculation that the Federal Reserve would have…

Barchart · Sep 7, 2023

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

The Conversation · Sep 7, 2023

Outgoing RBA governor Philip Lowe says tough decisions made him ‘very unpopular’

At a speech in Sydney, Philip Lowe has said some of his economic explanations ‘missed the mark’ but that media should avoid ‘clickbait’

The Guardian - AU · Sep 7, 2023

Stocks Fall as Economic Strength May Keep Interest Rates Higher for Longer

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.88%. Stocks on Wednesday posted moderate losses, with the S&P...

Barchart · Sep 6, 2023

Dollar Follows Bond Yields Higher

The dollar index (DXY00 ) Wednesday rose +0.07% and posted a new 5-1/2 month high. The dollar recovered from overnight losses and moved slightly higher as T-note yields climbed on the stronger-than-expected Aug ISM services report. Also, hawkish comments from Boston Fed President Collins supported the dollar. In addition, Chinese...

Barchart · Sep 6, 2023

Bank of England governor expects ‘quite marked’ fall in UK inflation

Pound falls as Andrew Bailey’s comments call into question need for further interest rate rise

The Guardian - UK · Sep 6, 2023

Poland's central bank surprises with sharp interest rate cuts despite double-digit inflation

Poland’s central bank has lowered its interest rates by 75 basis points despite the country’s double-digit inflation rate

The Independent UK · Sep 6, 2023

Strength in U.S. Economic News Boosts Bond Yields and Weighs on Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.03%. Stock indexes this morning are moderately lower, with the...

Barchart · Sep 6, 2023

Why the Bank of Canada Is Facing Intense Scrutiny

The key interest rate is the policy lever the bank pulls to keep inflation in check. But a lot has changed in recent years

The Walrus · Sep 6, 2023