The Latest Breaking News from Inflation

The inflation dragon is still breathing fire as the treasurer says higher-than-expected US inflation will have implications for Australia.

In a year when inflation has made Americans’ eyes pop when they fill up their gas or walk down grocery store aisles, many Social Security recipients worry whether the biggest cost-of-living increase in four decades will be enough to cover their needs

Many were surprised to see the markets turn positive on Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE:

The Thai economy is projected to continue its post-pandemic recovery with expansion of 2.8% this year and 3.7% in 2023, according to the International Monetary Fund (IMF).

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

Australian shares have risen sharply, driven by financial, technology and energy stocks, after Wall Street rebounded from an initial sell-off triggered by red hot US inflation data.

Kristalina Georgieva told UK’s finance minister and central bank chief that their policies should not be contradictory.

Inflation increased more than expected in September despite the rate hikes. The stubbornly high inflation cements the case for further hawkishness from the Fed. Amid rising recession worries, we think dividend stocks Eli Lilly (LLY), APA Corporation (APA), and Bluegreen Vacations (BVH), with stable dividend-paying records, could be ideal additions…

The contributor in question ordered a very large lunch

U.S. stocks traded higher toward the end of trading, with the Dow Jones jumping around 950 points on Thursday.

Social Security is set to boost the benefits it provides retirees by 8.7%, the biggest cost-of-living adjustment since 1981. It comes as sky-high inflation continues to eat into incomes and savings.