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The Latest Breaking News from Inflation

Tories slash incomes of poorest Scots by 16% over last ten years

Rishi Sunak is under increasing pressure to commit to raising all benefits - including the state pension - in line with inflation.

Daily Record

Illinois Democrats prevail, but tight race for control of Congress continues

The outcome of races for House and Senate will determine the future of Biden’s agenda and serve as a referendum on his administration as the nation reels from record-high inflation and concerns over the direction of the country. Republican control of the House would likely trigger a round of…

Chicago Sun-Times

Parents in full-time work unable to reach ‘acceptable’ living standard, study finds

Benefits must rise with inflation, say campaigners as families’ financial struggles revealed

The Independent UK

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Here are the key factors that influence your mortgage interest rate

Some examples of the market conditions that can impact mortgage interest rates include inflation and the actions of the Federal Reserve.

Fortune

Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

The Conversation

Inflationary pressures could spell disaster for local government budgets across NSW

The sheer size of the forecast financial impacts have the capacity to decimate NSW council budgets and require the immediate attention of IPART and the government.

Newcastle Herald

VoteCast: Inflation, democracy drive demoralized US voters

The AP VoteCast survey shows that voters have become deeply discouraged about the state of America and its future

The Independent UK

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Nouriel Roubini says it's 'mission impossible' for the U.S. to avoid a recession

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

Fortune

4 EV Stocks You Shouldn't Touch With a 10-Foot Pole

The EV industry has witnessed stupendous growth over the past few years thanks to technological advancements, growing acceptance, and government incentives. However, the industry has been plagued by high inflation, supply chain disruptions, rising raw material costs, and the semiconductor chip shortage. Given these factors, investors should stay away from…

StockNews.com

Food bills will skyrocket by over £680 next year - full supermarket price comparisons

Figures out today from number crunchers Kantar revealed grocery price inflation reached 14.7 per cent last month, with food bills to skyrocket if shoppers continue to buy the same products

Daily Mirror

2 Stocks to Help You Beat the Bear Market Blues

The Fed’s aggressive rate hikes to tame the stubborn inflation have led to widespread recession fears. The stock market has witnessed a significant selloff. Moreover, as the bear market seems not over yet, we think fundamentally strong dividend-paying stocks, Pfizer (PFE) and Kroger (KR), might help you beat the bear…

StockNews.com

Groceries will continue to get more expensive, says forecast

A rise of up to 19% is a “fairly daunting prospect”, says expert

Wales Online

Fight for America's soul? High turnout in bitter battle for US Congress

Is democracy really on the ballot, as Joe Biden claims? The whole world is watching the US midterm elections: the first since Russia’s invasion of Ukraine fuelled soaring inflation and the first federal elections since Trump supporters stormed the Capitol. We ask about the issues that have pollsters predicting a…

France 24

The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says

A recession is likely next year, but it may have been avoidable.

Fortune

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Daily Record

Expert shares ways to make food more exciting while on a budget

The cost-cutting hacks come as food inflation soars to a record 11.6 percent.

Daily Mirror

Tory MPs line up to demand state pension rise as triple lock pressure mounts

DWP chief Mel Stride said pensioners won't 'necessarily' be short-changed - as Tory MPs lined up to demand he keep the Conservatives' promise and raise them by 10.1% inflation

Evening Standard

US Midterm elections: What are the key issues and what will vote mean for Biden and Trump?

John King, CNN Anchor & Chief National Correspondent, answers the big questions about the US Midterm elections

StockNews.com

1 ETF It Would Be Smart to Avoid as the Fed Raises Rates

The Fed has raised interest rates six times this year to control persistent inflation. As long-term bonds are more sensitive to rate hikes than their short- and medium-term counterparts, the iShares 20+ Years Treasury Bond ETF (TLT) might be best avoided now. Read on….

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Daily Record

Top 10 Scottish areas where people could struggle to access affordable food

With food inflation soaring, there are a number of areas in Scotland that are set to be hit particularly hard due to reduced affordable shopping options.

The Guardian - UK

Bank of England will raise interest rates again, says chief economist

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

The Independent UK

Democrats hope to maintain edge in Oregon US House races

A toss-up in one congressional district and a closer-than-expected race in another have Democrats battling to maintain their advantage in Oregon as Republicans seek to capitalize on concerns about inflation and crime

Axios

Midterms aren't the main event for Wall Street

The fight between the Fed and inflation — not Democrats and Republicans — is what matters most for markets right now.

Wales Online

What the Autumn statement could mean for your money

Jeremy Hunt's announcement next week will have major implications for millions of people in the UK

The Independent UK

Rishi Sunak considering raising state pensions and benefits with inflation

PM reportedly considering stealth tax raids, including on inheritance tax

The Guardian - UK

UK shoppers switch to budget ranges as grocery price inflation hits record high

Discounters Aldi and Lidl benefit as figures reveal annual cost of grocery shop has soared by £682

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