Northumberland council defies odds to deliver budget underspend despite inflation A £17 million overspend was predicted as late as September - but the council has managed to make huge savings Chronicle Live · May 10, 2023
2 Momentum Stocks to Buy for Maximum Profits The Fed’s aggressive stance toward taming stubbornly high inflation and recessionary fears has weighed significantly on investors’ sentiments. Despite market volatility, quality momentum stocks PulteGroup (PHM) and YPF Sociedad (YPF) look poised to sustain the gains. Read on. StockNews.com · May 10, 2023
April CPI Report: What the Experts Are Saying About Inflation A lower-than-expected CPI report helps the case for the Fed to pause in its campaign of rate hikes. Kiplinger · May 10, 2023
Inflation Ticks Higher in April as Rents Keep Rising Is this the new normal, and will Joe Biden pay a political price for it? Reason · May 10, 2023
US inflation shows signs of moderating, giving Federal Reserve room to pause WASHINGTON: US inflation showed signs of moderating in April, giving the Federal Reserve room to pause interest-rate increases soon. The Times of India · May 10, 2023
US inflation down only marginally WASHINGTON: Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases. Bangkok Post · May 10, 2023
Inflation stayed high last month, compounding the challenges facing the U.S. economy Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April. WEKU · May 10, 2023
The day after the night before - Chalmers and Taylor on the budget Will the budget make inflation worse? Are its boosts to welfare payments just the first step for the Labor government? Could the projected one-off surplus be followed by another one or more? What (if any) of the budget measures will the Coalition oppose? There’s quite a bit about this budget… The Conversation · May 10, 2023
Federal Reserve’s strategy ‘appears to be working’ as US inflation dips to 4.9% Inflation in the US came in slightly below expectations at 4.9% in April, offering a boost to investors’ views that the Federal Reserve is close to its goal of bringing prices under control, and may safely pause its cycle of rate hikes. Evening Standard · May 10, 2023
US inflation beat forecasts in April but remained high at 4.9% Annual rate has fallen sharply since hitting 40-year high last June but prices are still rising at a rate over twice the Fed’s target The Guardian - US · May 10, 2023
Interest rates latest and what it means for your mortgage, savings, and bills with changes expected this week Another increase to interest rates is likely this week – but there is hope on the horizon for struggling households Wales Online · May 10, 2023
Will Turkey's economic crisis impede Erdogan's re-election bid? He's the most powerful leader since Ataturk founded the modern Turkish republic a century ago. After three stints as prime minister, the highly divisive and populist Recep Tayyip Erdogan is seeking a third consecutive term as president in Sunday's elections. A champion of religious piety and low interest rates, his… France 24 · May 10, 2023
Stock Index Futures Move Lower Ahead of U.S. Inflation Data, Debt Ceiling Worries Weigh June S&P 500 futures (ESM23) are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.23% this morning as investors looked ahead to a crucial U.S. inflation report that could provide fresh clues on the future of the Fed’s monetary policy. Barchart · May 10, 2023
Stock Index Futures Move Lower Ahead of U.S. Inflation Data June S&P 500 futures (ESM23) are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.23% this morning as investors looked ahead to a crucial U.S. inflation report that could provide fresh clues on the future of the Fed’s monetary policy. Barchart · May 10, 2023
The Hindu · May 10, 2023 Congress has no right to criticise Centre on inflation: FM Nirmala Sitharaman Union Finance Minister Nirmala Sithraman, who cast her vote for Karnataka Assembly polls on May 10, expressed confidence about BJP coming back to power in the State with a full majority and criticised the Congress over inflation during UPA rule.
Evening Standard · May 10, 2023 FTSE 100 Live: US inflation at 4.9%; John Lewis staff back boss; pound strongest in year; FTSE closes at 7732 ASOS shares are down sharply after the fast fashion chain reported a deeper half-year loss and said it faced a challenging trading backdrop.
The Guardian - UK · May 10, 2023 John Lewis boss Sharon White wins staff confidence vote; US inflation slows to 4.9% – as it happened Staff criticise retail performance, as John Lewis boss pledges group will always remain employee-owned
The Independent UK · May 10, 2023 Stock market today: Asia dips ahead of US inflation report Asian shares are declining in muted trading as investors await an upcoming report on U.S. inflation, an important indicator for where interest rates and global growth might go in the coming months
Evening Standard · May 10, 2023 Tim Martin blasts ‘lack of understanding’ by MPs on inflation as Wetherspoon sales hit fresh record The JD Wetherspoon boss said a ‘lack of understanding’ among some senior politicians presented a ‘real threat’ to future prosperity
Evening Standard · May 10, 2023 Bank of England interest rate hikes: Is this the week they peak? All eyes on Threadneedle Street at noon on Thursday as thousands of mortgages and loans track the base rate
The Guardian - AU · May 10, 2023 How Australia’s newspapers reacted to the 2023 federal budget Cartoons of treasurer Jim Chalmers dominated front pages, while the budget works ‘a Chalm’ for the voter featured on the Daily Telegraph
The New Daily · May 10, 2023 Chalmers defends budget’s ‘meaningful’ help amid split on interest rate risks Treasurer Jim Chalmers has defended his second budget as offering "meaningful relief to households" – while not contributing to inflation.
The Independent UK · May 10, 2023 Americans likely saw little relief from inflation in April After steadily declining for nearly a year, consumer price data to be released Wednesday will likely show that U.S. inflation remained stubbornly high in April, a sign that it might be entering a newer, stickier phase
Bristol Post · May 10, 2023 Extra £8m support for Bristolians ‘most in need’ struggling with rising cost of living Inflation has been in the double digits since last July, leaving many in Bristol struggling to pay the bills
The Guardian - AU · May 10, 2023 Economists say federal budget unlikely to have much effect on interest rates While the 2023 budget is unlikely to budge the RBA, experts are watching for inflationary pressure from a population boom and energy prices