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The Latest Breaking News from Inflation

Executives' pay more than double the rate of inflation

Australian executives had pay rises amounting to more than double the rate of inflation in the past year due to a tight job market at the top end of town.

AAP · Jun 13, 2023

9 in 10 doctors expect NHS to get worse, poll shows on eve of 72-hour strike

The British Medical Association polled 2,000 doctors on the eve of their three day strike from 7am following a decade of below inflation pay deals

Daily Mirror · Jun 13, 2023

3 Stock Trading Plans for AFTER 6/14 Fed Announcement

The rally for the S&P 500 (SPY) shows the bulls are clearly in charge. However, the 6/14 Fed announcement is a major test of bullish conviction. That is why 43 year investment veteran, Steve Reitmeister, wants to share the 3 possible direction for stocks after this vital announcement comes out.…

StockNews.com · Jun 13, 2023

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Wall Street's biggest bull called this year's stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’

Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.

Fortune · Jun 13, 2023

Federal Reserves Faces The Challenges Of A Tricky Balancing Act

Back in March 2022, the Federal Reserve embarked on an unprecedented interest rate hiking cycle

Zenger · Jun 13, 2023

Michael Hiltzik: Wage growth doesn't drive inflation. So why is the Fed out to crush workers?

Federal Reserve Chairman Jerome Powell and his colleagues have made major mistakes in their battle with inflation.

Los Angeles Times · Jun 13, 2023

Inflation cooled to 4% in May — the lowest reading in two years

Nearly one year after inflation reached a 40-year high, the Bureau of Labor Statistics reports that price growth fell to 4 per cent, the lowest in two years

Daily Mirror · Jun 13, 2023

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Stocks Rise After May CPI Shows Inflation is Easing

The latest inflation data has all but guaranteed the Fed will hold interest rates steady for the time being.

Kiplinger · Jun 13, 2023

Don’t blame workers for falling productivity – we’re not the ones holding it back

Suddenly Australians are being told we need increase productivity if we want our wages to merely keep up with inflation.

The New Daily · Jun 13, 2023

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily · Jun 13, 2023

Plug Power (PLUG): Buy or Sell?

Amid high inflation and significant research and development costs, Plug Power (PLUG) faces significant challenges. However, given its expansion plans, is the stock a buy or a sell now? Keep reading….

StockNews.com · Jun 13, 2023

America has failed millennials so badly they're turning to $1,000-per-month side hustles to make ends meet

Combating inflation means taking on a side hustle for two in five U.S. adults. Gen Z and millennials are the most likely to have one.

Fortune · Jun 13, 2023

More mortgage pain for homeowners as rates rise to highest since Truss mini-Budget disaster

Bank of England is under pressure to act next week

The Independent UK · Jun 13, 2023

3 Buy-Rated Tech Stocks to Fuel Your Portfolio

Inflation in May continued to ease, increasing the odds of a pause in rate hikes, which could benefit the tech sector. Moreover, the growing adoption of advanced technologies in business enterprises is boosting the industry. Amid this backdrop, it could be wise to buy fundamentally strong tech stocks such as…

StockNews.com · Jun 13, 2023

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Fortune · Jun 13, 2023

Is falling inflation a 'feather in the cap for the Fed' or a false dawn? That depends on which economist you ask

Is a soft landing for the economy in sight? The May CPI data looks kind of like it, but only to some economists.

Tribune News Service · Jun 13, 2023

US inflation slows, giving room for Fed to pause rate hikes

U.S. inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of interest-rate hikes this week.

StockNews.com · Jun 13, 2023

DraftKings (DKNG) vs. MGM Resorts International (MGM): Which Entertainment Stock Is a Buy or Sell?

Even though inflation is putting pressure on consumers’ discretionary spending, the entertainment industry is poised to remain resilient on the backs of robust demand. Given such industrial tailwinds, let’s compare entertainment stocks MGM Resorts (MGM) and DraftKings (DKNG) to discover which of these stocks is a better choice now. Read…

Tom’s Guide · Jun 13, 2023

iPhone 15 Pro just tipped for huge $200 price hike — here’s why

Prices for the iPhone 15 family could raise by $100 to $200 thanks to production costs and inflation.

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Fortune · Jun 13, 2023

The price of eggs just fell the most of any year since 1951

The breakfast staple is the real hero of Tuesday’s Consumer Price Index.

The Independent UK · Jun 13, 2023

LOCALIZE IT: Inflation is falling but remains high and still squeezing many Americans' finances

EDITORS/NEWS DIRECTORS:

The Conversation · Jun 13, 2023

The US role in the global financial system is changing – here's how it could affect the world's economy

The last-minute resolution of the US debt ceiling crisis recently has led to a collective sigh of relief in global financial markets. But the way it was resolved has renewed concerns about the the dominant role of the US in the world economy at a time of unprecedented challenges including…

The Guardian - US · Jun 13, 2023

US prices rose 4% over the last year as Fed considers pause in rate hikes

Inflation year-over-year in May was down 0.9% compared with April and is the lowest rate since April 2021

Axios · Jun 13, 2023

New report shows inflation cooling, but some prices remain high

The data comes as the Fed is likely to keep interest rates steady for the first time in 15 months.

Evening Standard · Jun 13, 2023

US gets closer to bringing prices under control as inflation falls to two-year low of 4%

But a higher core inflation figure suggests there is still work to be done

The Independent UK · Jun 13, 2023

US consumer price growth slowed last month, though underlying inflation measures stayed high

Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation

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