The Latest Breaking News from Inflation

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

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

The Independent UK · Jul 12, 2023

‘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 · Jul 12, 2023

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 · Jul 12, 2023

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...

Barchart · Jul 12, 2023

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.

StockNews.com · Jul 12, 2023

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 · Jul 12, 2023

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

The Guardian - AU · Jul 12, 2023

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…

Evening Standard · Jul 12, 2023

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…

The Conversation · Jul 12, 2023

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.

Daily Record · Jul 12, 2023