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The Latest Breaking News from Inflation

Federal budget 2023: Does a budget focused on the cost of living mean inflation and interest rates could get worse?

Treasurer Jim Chalmers is adamant that his budget will not make inflation worse and force the Reserve Bank's hand on interest rates — but economists are divided, with some saying it paves the way for a rate hike in the coming months.

ABC News

Stock Market Today: Stocks Churn Ahead of April CPI Report

The major market indexes made modest moves Tuesday as investors awaited debt-ceiling updates and inflation data.

Kiplinger

Dollar Climbs on Safe Haven from the U.S. Debt Impasse

The dollar index (DXY00 ) on Tuesday rose by +0.22%. The dollar on Tuesday posted moderate gains as concern about the ongoing U.S. debt ceiling turmoil boosted safe-haven demand for the dollar. Also, hawkish comments from New York Fed President Williams and Fed Governor Jefferson lifted bond yields and were...

Barchart

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America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money

If the economy tanks in the months ahead, Powell will get the blame. If we avoid a recession, the politicians will claim credit.

Fortune

3 Tech Stocks to Hedge Inflation

Despite significant turbulence, the technology sector’s prospects remain positive due to fast digital transformation and increasing internet adoption. So, investors looking for a solid tech stock should pick TDK (TTDKY), Seiko Epson (SEKEY), and Daktronics (DAKT). Read on.

StockNews.com

Universities and colleges face investigations over grade inflation – watchdog

There is a risk that if large numbers of students are handed top degrees it ‘could be seen to devalue the award’, Office for Students chairman said.

The Independent UK

Stocks Under Pressure from U.S. Debt Ceiling Impasse and Weak Chinese Imports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.56%. U.S. stocks this morning are moderately lower. A drop...

Barchart

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The Pros of Investing in These 3 Gold Stocks in the Current Economic Climate

Gold is considered the ultimate safe-haven hedge against inflation as its value tends to rise in an uncertain economy. Recently, gold prices crossed the $2,000 level and a record high is in sight. Amid a volatile economic backdrop, investors could buy quality gold stocks Endeavour Mining (EDVMF), B2Gold (BTG), and…

StockNews.com

Cost of living: Calls grow for supermarkets to slash prices amid inflation

Representatives from major supermarkets are set to meet with the Dail tomorrow to discuss alleviating financial pressures on shoppers

Dublin Live

Sainsbury's slashes cost of own-brand bread and butter as prices fall

The supermarket has said the price cuts are in response to the falling commodity prices of wheat and butter.

Daily Record

Markets Today: Stocks Slip as Bank Stocks Fall and Chinese Imports Plunge

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.33%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.50%. U.S. stock index futures this morning are moderately lower. A drop of more than -15% in PacWest Bancorp in pre-market trading is leading regional bank...

Barchart

Sainsbury’s cuts prices of own-label bread and butter

Move by UK’s second-largest supermarket raises hopes that food inflation will start to come down

The Guardian - UK

Imran Khan, the cricket star who ditched playboy image to rule Pakistan

Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his ouster last year.

Reuters

Australia budget 2023: six graphs that explain this one-off surplus

From the one-time surplus to the budget’s impact on inflation, here’s what you need to know

The Guardian - AU

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The Guardian - AU

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Conversation

Budget 2023 at a glance: major measures, cuts and spends

Treasurer Jim Chalmers has delivered his second budget with a heavy focus on cost-of-living relief for Australians who are struggling due to persistently high inflation and rising interest rates.

The Conversation

Jim Chalmers hands down a budget for Anthony Albanese's battlers

A big incentive for doctors to bulk bill, a modest $40 a fortnight rise in JobSeeker and extra rent assistance are highlights of a Labor budget that juggles targeted cost-of-living relief with containing inflation.

ABC News

Federal budget 2023: Winners and Losers

More money for JobSeeker, bulk-billing and spies, but more taxes on smokers and travellers. Find out who is up and who is down in the second federal budget delivered by Treasurer Jim Chalmers.

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The Conversation

View from The Hill: Chalmers' budget delivers modestly to the vulnerable while keeping the inflation ogre in mind

This budget is the culmination of a tug of war between the government’s imperative to fight inflation and the siren call from Labor’s base to help people who are struggling.

Evening Standard

Supermarkets under fire in growing row over soaring cost of food for millions of shoppers

Supermarkets came under fire on Tuesday in a growing war of words over the soaring cost of food for millions of shoppers.

The Guardian - UK

Annual UK house price growth hits 10-year low; China’s imports in surprise tumble – as it happened

UK house prices rose in annual terms by just 0.1% in April, the smallest increase since December 2012, mortgage lender Halifax reports

The Independent UK

Stock market today: Asia shares trade mixed ahead of reports

Asian shares are trading mixed as investors take a wait-and-see view on the week ahead that’s full of reports on some of the market’s biggest worries, including stubbornly high inflation across the economy

Al Jazeera

Australia flags first annual budget surplus in 15 years

Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.

The New Daily

‘Proud’ Treasurer points to biggest budget turnaround ‘on record’

A "very proud" Treasurer Jim Chalmers says the budget he will unveil within hours will show "the biggest budget turnaround on record".

The Independent UK

Australia forecasts first annual budget surplus in 15 years

The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future years

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