The Latest Breaking News from Inflation

Inflation and economic crises strain pilgrims in this year's Hajj, putting it out of reach for some

Global inflation over the past year has hiked prices for Islam's Hajj pilgrimage dramatically

The Independent UK · Jun 23, 2023

New York City Orders Inflation-Adjusted Rent Cuts at Rent-Stabilized Buildings

The country's largest legacy rent-control policy is pushing building owners to the breaking point.

Reason · Jun 22, 2023

'Inflation woes are not an accident, they are consequence of successive Tory governments'

The Bank of England has used the only weapon in its armoury to try to bring down inflation. But this is a crisis that has been ­incubated in Downing Street

Daily Mirror · Jun 22, 2023

Markets predict 6% UK interest rate by end of year

Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage point

The Guardian - UK · Jun 22, 2023

Billionaire CEO Barry Sternlicht admits he was 'a little early' with his recession calls. 'I did not understand the strength of the consumer'

The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”

Fortune · Jun 22, 2023

Orsted 'increasingly confident' Hornsea Three offshore wind farm will proceed as cable deal struck

Inflationary costs had been highlighted by global leader

Birmingham Post · Jun 22, 2023

Are these 3 Stocks the Best for Stability this Week?

While inflation exhibits signs of cooling, it still exceeds the Fed’s 2% goal. Given the possibility of additional rate hikes and an economic slowdown, it could be wise to seek refuge in relatively stable stocks to help weather the economic uncertainty. So, let’s find out if Ingredion (INGR), PC Connection…

StockNews.com · Jun 22, 2023

3 Growth Stocks Investors Love

Despite high inflation, the economy grew faster than initially estimated in the first three months of 2023. Although recession fears still linger, investors could buy fundamentally solid growth stocks Ziff Davis (ZD), Xerox Holdings (XRX), and Yext (YEXT). Keep reading.

StockNews.com · Jun 22, 2023

Fed's Powell reinforces likelihood of more rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market

The Independent UK · Jun 22, 2023

Who hires (and fires) the Bank of England governor?

PM says he still backs Andrew Bailey despite criticism he has failed to take the right measures to curb inflation

The Guardian - UK · Jun 22, 2023