The Latest Breaking News from Inflation

Stock market today: Asian shares are mixed after central bankers say interest rates must stay high

Asian stock markets are mixed after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy into recession

The Independent UK · Jun 29, 2023

Morning Digest | Nationwide surge in food prices shows retail inflation far from tamed; Rahul Gandhi to meet ethnic strife victims during two-day visit to Manipur, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu · Jun 29, 2023

With ‘Bidenomics,’ President Biden aims for middle-class voters as he discusses economy during Chicago address

CHICAGO — President Joe Biden sought to revitalize support for his reelection among middle-class voters before a Chicago audience Wednesday, branding his efforts at economic growth, job creation and inflation fighting as “Bidenomics” to counter lagging job approval ratings.

Chicago Tribune · Jun 28, 2023

High interest rates may persist, says Bank of England governor

Andrew Bailey says financial markets expect more rate rises amid continuing high inflation

The Guardian - UK · Jun 28, 2023

Biden touts his economic record in fiery speech: ‘Guess what – Bidenomics is working’

The president hopes to make his economic record a staple of his 2024 run even as many voters remain concerned about inflation

The Independent UK · Jun 28, 2023

UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisis

The Guardian - UK · Jun 28, 2023

Is Target (TGT) a Value Buy This Week?

Despite inflation pressurizing consumers’ discretionary spending, retailer Target (TGT) expects to grow its operating income. Could TGT be a value buy this week? Let’s analyze some of its financial metrics to know more….

StockNews.com · Jun 28, 2023

Wage rises are driving inflation? Don’t swallow this dangerous rightwing myth

All the evidence is there: corporate greed is the culprit, but policymakers daren’t take on big business, says Guardian columnist Owen Jones

The Guardian - UK · Jun 28, 2023

Prices of vegetables double in two weeks as monsoon fails to make a mark

While inflation affects all aspects of life, the heat of it is mostly felt by customers while buying their daily vegetables and fruits. With weather playing spoilsport, the prices of most vegetables in the city have shot up by over 50% in the last two weeks. The likes of tomato…

The Hindu · Jun 28, 2023

Top central bankers assert need for higher interest rates to tackle persistent inflation

Several of the world's top central bankers got together, and their message was clear: interest rates could go even higher to combat inflation

The Independent UK · Jun 28, 2023