The Latest Breaking News from Inflation

More mortgage misery as average bills to rise £2,900 next year

Homeowners facing ‘mortgage crunch’ next year as lenders hike price in response to rising interest rates

The Independent UK · Jun 17, 2023

Rising rents and diminishing aid are fueling a sharp increase in evictions in many US cities

Eviction filings are far above pre-pandemic levels in many cities across the country as pandemic relief disappears and inflation causes rents to spike

The Independent UK · Jun 17, 2023

Powell to Investors: Do You Feel Lucky Punk?

The “seeming” post Fed meeting rally for the S&P 500 is head scratcher for sure. That’s because as we dig below the surface, the overall market has not really rallied…just the usual suspects in the mega cap space. As you dissect the Fed statements there is a great divide in…

StockNews.com · Jun 16, 2023

Stocks Moderately Lower After a Stellar Week of Gains

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.5%. U.S. stocks are lower, after the S&P 500 reached...

Barchart · Jun 16, 2023

2 top economists both hate the Fed’s ‘inexplicable’ and ‘crazy’ signaling on rate hikes—but for totally different reasons

Two top economists agree that inflation is already conquered, and that by continuing the big squeeze, the Fed will likely drive the U.S. into an unnecessary, and possibly steep, recession.

Fortune · Jun 16, 2023

Tesco boss has some bad news for shoppers hoping for cheaper food prices

Ken Murphy admits it's hard to predict how much prices will fall for hard-pressed consumers as inflation eases

Daily Mirror · Jun 16, 2023

Recession is ‘at our doorstep,’ but investors are falling for a goldilocks scenario, Wells Fargo says. It ‘isn’t going to end all that well’

Wells Fargo Investment Institute sees the S&P 500 falling 7% by year-end as corporate earnings sink.

Fortune · Jun 16, 2023

Stocks Moves Sideways Today After Yesterday's Rally

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.3%. U.S. stocks are now little changed, after the S&P...

Barchart · Jun 16, 2023

Stocks Push Higher as U.S. Inflation Expectations Fall

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.04%. U.S. stocks this morning are mixed, with the S&P...

Barchart · Jun 16, 2023

Caution is still the word on inflation

City Comment: “Early signs” and “starting to ease” do not smack of a huge breakthrough

Evening Standard · Jun 16, 2023