The Latest Breaking News from Inflation

Bank of England accused of over-reacting after raising interest rates to 5.25% – as it happened

Protests take place outside the Bank as it increases rates again, although inflation is expected to drop to 5% by end of the year

The Guardian - UK · Aug 3, 2023

FTSE 100 Live: Bank of England interest rate rise due, Next ups profit guidance, shares fall

The Bank of England’s long-running fight against inflation will today see interest rates hit at least 5.25%.

Evening Standard · Aug 3, 2023

Bank of England set to join Fed in raising interest rates again amid high UK inflation

The Bank of England is set to raise interest rates for the 14th time in a row to a fresh 15-year high and keep the door open for further increases as it tries to tamp down persistently high inflation

The Independent UK · Aug 3, 2023

‘Imagine no recession, it’s easy if you try.’ Bank of America flip-flops on its recession call, arguing a ‘soft landing’ is on the way

The investment bank has been predicting a recession since the summer of 2022. A full year later, it’s having second thoughts.

Fortune · Aug 2, 2023

3 Big Box Retailers to Look Into This Month

Amid the ongoing consumer shift toward foodservice and the robust demand amid easing inflation, the retail industry is poised to witness solid growth. Hence, fundamentally strong big box retailers stocks Casey's General Stores (CASY), Marks and Spencer (MAKSY), and Weis Markets (WMK) might be worth buying this month. Keep reading.

StockNews.com · Aug 2, 2023

Australian house prices look set to rise despite the rate hikes. This isn’t great given how expensive they already are

Existing mortgage holders are likely to be spared more interest rate rises after the latest RBA meeting, but first home buyers will find the task ever more difficult

The Guardian - AU · Aug 2, 2023

‘Bidenomics’ is working – which means Biden and the Democrats may win too

Biden’s economic policies are the most successful in the US in decades. That puts the Democrats on a strong political footing

The Guardian - US · Aug 2, 2023

Raising tuition fees during cost-of-living crisis ‘not going to happen’ – Halfon

His comments come after Lord Johnson of Marylebone warned that preventing fees rising with inflation has led to defunding of universities.

The Independent UK · Aug 2, 2023

Scotland able to spend more on public services after deal with UK Treasury

Agreement will allow Scottish ministers to double annual borrowing and borrow more for major projects

The Guardian - UK · Aug 2, 2023

Sunak claims ‘light at end of tunnel’ on inflation as Bank of England set to raise rates again

His comments came as the Bank of England prepared to hike interest rates to the highest level since February 2008

The Independent UK · Aug 2, 2023