The Latest Breaking News from Inflation

Pushing up interest rates isn’t something the Reserve Bank does lightly.

Reserve Bank raises rates for seventh time in attempt to bring inflation under control

The RBA has unveiled its seventh hike in interest rates since May as it battles rising inflation, lifting its target 0.25 percentage points. 

The Reserve Bank lifted interest rates for the seventh month in a row, taking the cash rate to 2.85 per cent — as it happened.

Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.

Danes went the polls on Tuesday with Prime Minister Mette Frederiksen hoping for a vote of confidence in her handling of the pandemic and for her leadership to overcome soaring inflation and geopolitical insecurity.

Think tank finds PM has ‘fiscal space’ to deliver support totalling billions in cost of living crisis

Consumer confidence is likely to fall further after Tuesday's rate hike, having already slumped to levels last seen during the early stages of COVID lockdowns.

With inflation still hovering around the multi-decade high and the U.S. economy expanding in the third quarter, a further aggressive interest rate increase is on the cards this week. With the macro headwinds set to intensify further, investing in resilient stocks Walmart (WMT) and Oracle (ORCL) could give your portfolio…

Higher inflation has led to people paying more for Halloween costumes and candy for the annual holiday in 2022. That hasn’t stopped people from shelling out hundreds of dollars on costumes and candy.

Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem.