Inflation falls to lowest level in over a year Bank of England governor admits it made errors in its forecasting of the UK's inflation rate Insider UK · May 24, 2023
Bank of Thailand likely to raise policy rate next week The Bank of Thailand (BoT) may raise the policy rate one last time at the end of the month after a steady pace of tightening since August helped bring inflation back to target in less than a year, according to analysts. Bangkok Post · May 24, 2023
Inflation falls to lowest level since March last year The Chancellor said food prices are still rising too fast Wales Online · May 24, 2023
FTSE 100 Live: ‘We’re in an economic danger zone’ — inflation tops forecasts; US default fears; FTSE down 1.8% The FTSE 100 closed down almost 1.8% at 7627, as the combination of higher-than-forecast inflation and US default fears led to the biggest sell-off of London stocks in months. Evening Standard · May 24, 2023
Wednesday briefing: Why the UK’s inflation rate just came down to 8.7% In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you The Guardian - UK · May 24, 2023
Inflation drops below 10% for first time in eight months The Consumer Price Index (CPI) - the headline measure of inflation - dropped to 8.7 per cent in April from 10.1 per cent in March Evening Standard · May 24, 2023
Bank forecast to raise rates above 5% as UK inflation falls by less than expected Rate drops to 8.7% but food price rises remain close to 45-year high The Guardian - UK · May 24, 2023
Inflation falls sharply to 8.7% as price rises finally ease - what it means for you Inflation finally falls below double digits dropping by 1.4% to 8.7% according to the Office for National Statistics (ONS) Daily Mirror · May 24, 2023
Cooperation with the US could drive Australia’s clean energy shift – but we must act fast A new pact between Australia and the United States highlights the pivotal role our nation’s mineral wealth will play in the clean energy transition. But it also underscores the massive effort now required from Australia. The Conversation · May 24, 2023
Inflation, cost of living pressures increase struggle for students in unpaid health placements Students studying to become health professionals are increasingly struggling with the demands of unpaid placements as inflation rises. ABC News · May 24, 2023
Post 6/1 Stock Trading Plan The 6/1 debt deal deadline seems to loom large for the stock market (SPY). Yet that is nothing more than a side show and distraction from what really matters. 40 year investment veteran Steve Reitmeister explains what investors need to focus on to stay ahead of the market in the… StockNews.com · May 23, 2023
Stocks Tumble as Debt-Ceiling Deadline Looms What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -1.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.69% and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -1.28%. Stock indexes Monday posted moderate losses as U.S. debt... Barchart · May 23, 2023
Don't Bet on a Minimum Wage Increase Congress is unlikely to pass a federal minimum wage increase, but other factors may boost wages to help workers keep up with inflation. Kiplinger · May 23, 2023
‘Greedflation’ takes a turn: Republicans’ hatred of Joe Biden’s economy makes them easy prey for ‘profit-led inflation episodes,’ UBS chief economist says Look closely at the Michigan consumer sentiment data, Paul Donovan says: “The detail is hilarious…The two groups appear to be living on different planets.” It was flipped under Trump. Fortune · May 23, 2023
Fortune · May 23, 2023 'Turbulence ahead': Nearly 4 in 10 Americans lack enough money to cover a $400 emergency expense, Fed survey shows “The 2022 survey found that self-reported financial well-being was among the lowest levels observed since 2016,” the central bank’s researchers wrote.
The Guardian - UK · May 23, 2023 Bank of England says inflation has ‘turned corner’ despite soaring food prices Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors
Barchart · May 23, 2023 Stocks Lower on Debt Ceiling and Higher Bond Yields What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%. U.S. stocks this morning are mildly lower as U.S....
The Walrus · May 23, 2023 Are We Seeing a Surge in Labour Unrest? From Starbucks to the Public Service Alliance of Canada, workers are organizing and rallying
The Guardian - UK · May 23, 2023 From CPI to stagflation: how the UK tracks price rises and what key inflation terms mean All the methods of cost of living calculations come with benefits and limitations
The New Daily · May 23, 2023 Inflation sees ‘explosion’ of Australians working multiple jobs More Australians are working multiple jobs to keep their heads above water amidst the rising cost of living.
Birmingham Post · May 23, 2023 Record Topps Tiles sales but inflation takes edge off profits Though profits are down, margins are heading the right way again as shipping and gas prices normalise
The Independent UK · May 23, 2023 Bank of England admits it made errors in UK inflation forecasts Governor Andrew Bailey insisted inflation has ‘turned the corner’, ahead of official figures on Wednesday.
Evening Standard · May 23, 2023 Homeowners warned they could be hit with two interest rate hikes this summer IMF warns that interest rates will rise further but forecast that the UK would avoid a recession
Evening Standard · May 23, 2023 UK will avoid recession in 2023, says IMF In April it forecast that UK output was expected to contract by 0.3%.
The Guardian - UK · May 23, 2023 IMF says UK no longer heading for recession but urges against tax cuts Jeremy Hunt should squeeze public spending and cut debt, says Washington-based body