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The Latest Breaking News from Inflation

Rishi Sunak refuses to bow to pressure over NHS pay as more strikes loom

The PM has insisted he will not reopen the independent pay review process

Evening Standard

Economists place 70% chance for US recession in 2023

Economists say there is a 7-in-10 likelihood that the U.S. economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.

Tribune News Service

Nurses’ action is part of UK’s biggest wave of strikes in a generation

NHS workers join others in seeking to protect living standards in the face of below-inflation pay offers

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

In bad news for true loves, inflation is hitting the 12 Days of Christmas

Partridge prices were flat this year, but the cost of pear trees jumped more than 25%. PNC bank has run the numbers on all 12 days of Christmas, as it calculates its annual holiday price index.

WEKU

2 Overrated Stocks Investors Should Avoid in 2023

Despite the signs of inflation cooling down, the Fed will likely continue raising rates through next year, triggering a recession. Therefore, avoiding overrated stocks DoorDash (DASH) and Faraday Future Intelligent Electric (FFIE) could be wise. Read more….

StockNews.com

In a surprise move, Bank of Japan loosens bond yield cap

The Bank of Japan broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and dinged Asian stocks

The Independent UK

Henry Colbeck delivers 'exceptional' profit despite supply issues and price inflation

The chip shop supplier said higher turnover was largely down to more sales, not only higher prices

Birmingham Post

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Hey, Democrats: No more "triangulation"!

After the 2022 midterms, the Bill Clinton strategy of constant rightward shift is bound for history's dustbin

Salon

UK nurses stage second strike for inflation-busting pay

Up to 100,000 members of the Royal College of Nursing demand better pay to make up for years of real-terms salary cuts.

Al Jazeera

Britain is seeing a wave of strikes as nurses, postal workers and others walk out

Nurses, postal workers and railway employees are all walking out this month in the U.K.'s largest series of labor actions in more than a decade. It's a major challenge to Prime Minister Rishi Sunak.

WEKU

Which European nations are handling the energy crisis best?

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts.

Al Jazeera

Strikes: Nurses’ union leader urges Government to ‘do the decent thing’

The RCN has asked for a 5% above-inflation pay rise but Health Secretary Steve Barclay has declined to discuss pay when meeting union officials.

The Independent UK

Reserve Bank warns of more interest rate rises and ‘large increases in rents’ amid inflation crisis

RBA’s final meeting minutes reveal concerns about higher spending over summer holidays without Covid restrictions

The Guardian - AU

Exodus of more than half a million from workforce ‘puts UK economy at risk’

Loss of employees since Covid raises fears of weaker growth and higher inflation, says Lords report

The Guardian - UK

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news in one place.

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StockNews.com

3 Commodity Stocks to Add to Your Watchlist for 2023

Inflation continues to remain significantly higher than the Fed’s target. Commodity stocks tend to provide a hedge against inflation. Thus, quality commodity stocks Rio Tinto (RIO), Vale (VALE), and Mosaic Company (MOS) could be worth adding to your watchlist for 2023. Keep reading….

Asharq Al-Awsat

EU Countries Agree Gas Price Cap to Contain Energy Crisis

European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU's latest attempt to lower gas prices that have pushed citizens'…

StockNews.com

2 Ultra-Safe Stocks to Buy as Recession Fears Grow

The Fed’s hawkish tone despite the recent slowdown in inflation has re-instilled recessionary fears. However, food stocks could be a cushion in such hazy times due to the inelastic demand for their products. Hence, fundamentally robust stocks Kellogg (K) and Flowers Foods (FLO) might be ultra-safe additions to your portfolio.…

Tribune News Service

Powell puts US pay hikes at heart of Fed’s 2023 inflation fight

Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year.

Get all your
news in one place.

100's of premium titles.
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Newsroom.co.nz

What is the outlook for the commercial property market?

Globally and locally there’s uncertainty in the commercial real estate sector. Interest rates and inflation are rising, and organisations are still working out what their offices will look like in a post-Covid world. BNZ’s Phil Bennett ponders seven likely trends for 2023 | Content partnership

The Guardian - UK

‘My balance is on zero’: young Europeans on their first experience of inflation

High rents, low pay and spiralling food costs have left younger workers struggling to make ends meet and worried about the future

The Independent UK

Christmas tree demand remains high despite inflation

Americans are cutting back on spending in some areas this holiday season

StockNews.com

Penny Stocks to Buy? 3 Under $4 to Add to Your Portfolio Now

As investors eye a year-end rally amid cooling inflation and the Fed’s slower rate hike this month, it could be worth investing in fundamentally sound penny stocks Waterdrop (WDH), Overseas Shipholding Group (OSG), and Good Times Restaurants (GTIM), which are trading under $4. Read on….

Fortune

Record U.S. investments in infrastructure mustn’t remain unused for another year

Funds earmarked for infrastructure projects have been devalued by inflation. We need an expedited process, according to The Conference Board.

Tribune News Service

Inflation is pushing California’s minimum wage up. Here’s what it will be in 2023.

This January, California’s minimum wage will rise to $15.50.

The Conversation

Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023

With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.

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