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The Latest Breaking News from Inflation

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

BoT ready to adjust if necessary

Bank of Thailand policy makers stuck by a pledge that monetary tightening should be gradual and measured, but noted it could be adjusted should the growth and inflation outlook change, minutes of their last meeting show.

Bangkok Post

Asian shares mixed after Wall St gains on Fed chair comments

Shares are mixed in Asia after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes

The Independent UK

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‘Difficult’ times for households will continue in 2023

Scotland’s economy is predicted to shrink by 1% in 2023, before growing by 0.6% the following year

Insider UK

Inflation will add £18.2bn to UK non-food retail sales, shows survey

Survey shows 80 per cent of retailers planning to increase the price of products

The Independent UK

Inflation 'will add £18.2bn to UK non-food retail sales'

Report says rising prices are driving sales of £249bn for 2023, with 66% of consumers making inflation their biggest concern

Wales Online

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The Independent UK

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State of the Union 2023: Data and context behind Biden’s address

Biden highlighted legislative achievements from his past two years and described his economic, health, climate, and safety priorities moving forward. Here are the facts and data.

USAFacts

Monetary tightening faces challenges - Bank of Thailand

Thailand's rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth and inflation outlook shift from assessments, minutes of the meeting showed on Wednesday.

Bangkok Post

Five key takeaways from Biden’s combative State of the Union address

The president toggles between the magnanimous bipartisan dealmaker and combative incumbent battling Republican heckling

The Independent UK

More people say they're worse off under Joe Biden than any president in 37 years

Biden's State of the Union speech detailed his plan to help create jobs and improve the economy amid high inflation.

Fortune

Boral posts solid result under new CEO Bansal

Construction materials group Boral has recorded a substantial profit rise in its first reporting period under new CEO Vik Bansal despite inflationary pressures.

AAP

Transcript: Biden's second State of the Union address

Transcript of President Joe Biden's second State of the Union address, as prepared for delivery and as provided by the White House:

The Independent UK

State of the Union: Read Joe Biden’s full address

Read President Biden’s full State of the Union address

The Independent UK

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WEKU

Read President Biden's State of the Union speech

Read President Biden's State of the Union speech delivered on Feb. 7, 2023, as prepared for delivery.

The Guardian - AU

Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Guardian - US

Fed says more interest rate rises needed to cool inflation

Jerome Powell says disinflationary process ‘has a long way to go' as Biden is set to tout economic record at State of Union address

ABC News

Queensland homeowners who've never been flooded hit with steep insurance increases as effects of climate change and inflation kick in

A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.

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Tribune News Service

Powell says further rate hikes needed amid ‘strong’ labor market

Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation and borrowing costs may need to peak higher than previously expected, if the strong jobs market persists.

Tribune News Service

Powell says further rate hikes needed and markets take heed

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.

Reason

Biden May Dream of 6 More Years, but His Three Closest Comps Never Got There

What we can learn from the State of the Union addresses by Jimmy Carter in 1979, Richard Nixon in 1971, and JFK in 1963

Chicago Sun-Times

Fed Chair Powell sees ‘significant’ inflation drop in 2023

While inflation pressures are easing, the Fed chair cautioned that “these are the very early stages of disinflation. It has a long way to go.”

Axios

Fed chair Jerome Powell says slowing inflation will likely "be bumpy"

Powell did not signal that the hot jobs report would prompt the Fed to act more aggressively than previously thought.

The Independent UK

Fed Chair Powell sees 'significant' inflation drop in 2023

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

StockNews.com

3 Stocks That Are Ready to Explode Higher in 2023

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

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People

Marjorie Taylor Greene

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Reserve Bank of India

206 stories

Marathon Petroleum Corporation

47 stories

OSG

45 stories

Overseas Shipholding Group Inc

HF Sinclair Corporation

12 stories

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