The Latest Breaking News from Inflation

Does targeting 2% inflation make sense in our current economic environment? Not if you ask Bill Ackman.

Even though easing inflation is raising consumer optimism, the Fed expects rate hikes to continue into next year. Amid this backdrop, investors could consider buying quality penny stocks trivago (TRVG), Yiren Digital (YRD), and Good Times Restaurants (GTIM), which are trading under $4, instead of the pricey names. Read on….

Stock prices could tumble in 2023 because of poor earnings, Morgan Stanley's Mike Wilson said.

Deputy First Minister John Swinney set out the 2023/24 budget in Holyrood.

The country’s official forecasters said the economy was already in a recession and may not return to pre-recession levels until 2025.

Interest rates are at their highest point in 14 years after the ninth increase in a row by the Bank of England

Nurses' union leaders have accused the Government of hiding behind the body, which made its recommendation in July - before energy bills rocketed and inflation hit its peak

At times, 2022 felt like the 1970s or early ’80s

Councillors have made the decision due to rising inflation and volatile interest rates, but there are concerns the move could put the project at risk of further price increases.

Higher prices throughout much of 2022 have taken their financial toll on older adults in particular

Retail sales declined 0.6% in November compared to October, the biggest decline in almost a year. For once, declining prices seem to be part of the story.