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The Latest Breaking News from Inflation

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

Fortune

Legendary investor Mark Mobius expects more interest rate hikes but thinks the economy will do well anyway

He thinks that the U.S. money supply and government-led infrastructure spending will keep the economy robust.

Fortune

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Fortune

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Seven likely consequences from the banking crisis that most people haven't realised yet

With four banks down in the US and Europe and at least several more wobbling, we’re currently in the throes of the worst banking strife since 2007-08. Aggressive interest rate hikes have meant that banks are sitting on hefty losses on their portfolios of government bonds – some US$2 trillion…

The Conversation

Rising inflation will continue to cause political headaches for the government, but also for the Bank of England

The Bank of England raised its main interest rate for the eleventh time in a row to 4.25% at its March meeting. At its previous meeting in February the Bank was optimistic about the prospects for inflation in the coming year, saying: “We expect inflation to fall quickly this year.”

The Conversation

OPINION - We can’t let saving the banks distract from the vital war on inflation

The Bank of England is faced with the sort of choice that central bankers prefer not to confront. Inflation is far too perky, which warrants higher interest rates. The global financial system, however, is in an unexpected state of stress: the financial “central heating” is on the blink. Past financial…

Evening Standard

Germany’s transport workers stage strike, demanding higher wages

Employees are demanding better pay and working conditions as inflation weakens living standards.

Al Jazeera

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Germany at a standstill as huge strike halts planes and trains

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe's biggest economy as soaring inflation stokes wage demands.

Reuters

Hungary's booming wedding market doused by soaring inflation

Soaring inflation is taking the steam out of Hungary's wedding market, supercharged in recent years by Prime Minister Viktor Orban's lavish family support measures, with the number of weddings plunging to a nine-year-low at the start of 2023.

Reuters

China’s rich flee crackdowns for ‘Asia’s Switzerland’ Singapore

Chinese wealth is rushing into the Southeast Asian city-state, prompting unease among some locals.

Al Jazeera

The Fed Speaks- Inflation Remains the Enemy

The U.S. central bank remains unphased by the recent upheaval in the banking sector as it continues to battle inflation by tightening credit. The Fed allowed inflationary pressure to mount in 2021, waiting too long to boost interest rates, pushing inflation to the highest level in four decades. In 2023,…

Barchart

BoT poised to raise rate by quarter-point

The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists.

Bangkok Post

We Could (Maybe) Detect the Multiverse — But Only If One Theory is Correct

The idea of a multiverse consisting of “parallel universes” is a popular science fiction trope, recently explored in the Oscar-winning movie Everything Everywhere All At Once.

Inverse

German workers' strike over pay is matter of survival, union boss tells Bild

A top union boss in Germany justified a massive strike planned for Monday as a "matter of survival" for many thousands of people fighting for higher wages as inflation soars, according to an interview published in the Bild am Sonntag newspaper.

Reuters

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AAP

Final data coming to inform next RBA rates decision

Retail sales data and the monthly consumer price index will offer some insights into spending behaviour and the likely trajectory for inflation.

Reuters

Leaders at Ibero-American summit discuss Haiti, vow cooperation on environment

Leaders attending the Ibero-American Summit meeting in the Dominican Republic on Saturday discussed the need to address Haiti's deepening humanitarian crisis while vowing to cooperate on environmental issues.

Bristol Post

April price rises - full list including council tax, stamps and energy bills

It comes as inflation surprisingly went up again last month

Wales Online

Wetherspoons in 'ferocious' inflation warning despite return to profit

Pub chain boss Tim Martin says that company is 'cautiously optimistic' about the next few years as supply chain issues fade

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Bangkok Post

Lingering bank worries keep lid on Asian shares

RECAP: Asian shares came under pressure yesterday after lingering banking stability concerns gripped Wall Street, while bond markets bet that recent rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year.

Fortune

A fed official just said abandoning the 2% inflation target would be a 'disaster' that would send the world back to the '70s despite banking crisis

St. Louis Fed president Bullard told Bloomberg Friday he fears '70s-style inflation will hit the global economy if the Fed changes its inflation target.

Reason

The Inflation Reduction Act Is Screwing Up the Market for Electric Vehicles

Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S.

Fortune

Billionaire investor Barry Sternlicht says the Fed's rate hikes are like using a 'steamroller' to 'kill a small fly' and warns the economy is about to 'hit the wall'

The billionaire investor says interest rate hikes are undermining the economy and could lead to more bank turmoil.

The Independent UK

Debt, expenses stress lower income households: AP-NORC poll

A new AP-NORC poll shows that personal finances are a major source of stress for about half of the lower income households in the U.S.

StockNews.com

3 Streaming Stocks You Want No Part Of

Streaming stocks faced a rough year in 2022 as subscriber growth slowed amid concerns about high inflation and macro uncertainties. Therefore, it could be wise to avoid fundamentally weak streaming stocks Warner Bros. (WBD), Paramount Global (PARA), and World Wrestling (WWE), given their weak fundamentals. Read more….

The Conversation

Four ways the UK economy is being hampered by the private sector

The UK government has decided to go ahead with a rise in corporation tax in April 2023. The move is a clear reversal of the tax reduction which previous chancellors hoped would encourage output and innovation.

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