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The Latest Breaking News from Inflation

Powell softens tone and says March rate hike size is not yet decided

Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.

Tribune News Service

Powell says ‘no decision’ has been made on speeding up pace of rate hikes

Federal Reserve Chair Jerome Powell stressed that policymakers had not yet made up their minds on the size of their interest-rate increase later this month and said it would hinge on incoming data on jobs and inflation.

Tribune News Service

'It really shouldn't be this way': Top economist Mohamed El-Erian blames the Fed for bad messaging and stock volatility

Fed's Jerome Powell hinted in February that inflation hikes would slow because disinflation was underway. But on Tuesday, he seemed to backtrack.

Fortune

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Corporate Australia has reported big profits as inflation has soared. Is it profiteering?

Soaring inflation has delivered major profits to big businesses this reporting season, but with consumers spending more, could corporate Australia be accused of profiteering? This is what the experts say.

ABC News

Shoppers fume as price of Bisto gravy surges to record high of £5

Whilst the widely-used gravy granule brand isn't the only brand to be hit by wild levels of inflation, Sunday dinner lovers are complaining about mammoth price rises.

Chronicle Live

Two testy exchanges show Fed's inflation dilemma

The two unusually fiesty exchanges were a preview of what is likely to be a key dynamic.

Axios

Powell says 'no decision' on the Fed's next move on rates

Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank’s policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation

The Independent UK

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Wall Street’s most successful hedge fund just politely told the Fed to shut up

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

Fortune

Shoppers 'disgusted' as price of Bisto gravy hits record £5 high in stores

Whilst Bisto is not the only brand to be hit by inflation, as it is so beloved by the British public, price rises are going to be noticed

Daily Mirror

January US job openings dip, but still high at 10.8 million

U.S. employers posted 10.8 million job openings in January, a sign that the American job market continues to run too hot for the inflation fighters at the Federal Reserve

The Independent UK

Debt ceiling catapults new Biden budget into market spotlight

President Joe Biden’s budget proposal is an opening salvo in the looming impasse with Republicans over raising the debt ceiling and funding the U.S. government.

Tribune News Service

The US central bank is poised to cause untold hardship to millions of Americans

The Federal Reserve chairman has admitted that at least 2 million people could lose their jobs if interest rates keep rising

The Guardian - US

Keep interest rates at 4% to help UK households, urges Bank of England policymaker

With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economy

The Guardian - UK

3 Momentum Stocks to Buy for Big Gains

Fed’s hawkish stance to tame stubbornly high inflation and the recessionary concerns have weighed heavily on investors’ sentiments. Despite such market uncertainties, quality momentum stocks Jabil (JBL), Overseas Shipholding Group (OSG), and Adams Resources & Energy (AE) look poised to deliver big gains in 2023. So, these stocks could be…

StockNews.com

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Al Jazeera

How skyrocketing inflation has hit Pakistan’s most vulnerable

With Ramadan approaching, millions of Pakistanis struggle to put food on the table amid a worsening economic crisis.

The New Daily

Targeted measures can better tackle inflation, instead of lifting interest rates

Over 2022 consumer prices increased by 7.8 per cent, about three times as fast as the RBA's target range of 2 to 3 per cent for inflation.

Evening Standard

Bank of England rate-setter: ‘it is likely that we are overestimating’ inflation

Monetary Policy Committee member Swati Dhingra said that “further tightening is a bigger risk” than holding interest rates at 4%

Pedestrian.tv

Big Fkn RIP To This Sydneysider Who Paid $25 For A Salmon Bagel And Lived To Tell The Tale

How good's inflation? Just kidding, it's fucked because one Sydney woman had to fork out $25 for a smoked salmon bagel in a now viral video.

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Evening Standard

FTSE 100 Live: Pound under pressure, L&G profits up

Pressure on banks and other blue-chip stocks continued today following the collapse of Silicon Valley Bank.

The Independent UK

Asian stocks tumble amid fears about faster rate hikes

Asian shares are mostly lower as investors fret that the Federal Reserve might raise interest rates faster if pressure stays high on inflation

Bangkok Post

Inflation seen falling further - Arkhom

Inflation in Thailand is expected to fall further and return to the Bank of Thailand’s (BoT) target range of 1% to 3% this year, helped by support measures, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Pedestrian.tv

Ranking All The Iconic Canteen Snacks You Could Cop For $2 Before Inflation Ruined Everything

Cheap as chips.

AAP

Dutton takes aim at 'reckless' government spending

Opposition Leader Peter Dutton has called on the government to exercise spending restraint rather than lift taxes to help the central bank control inflation.

ABC News

As crisis calls over financial distress climb, treasurer and finance minister say they know rate rises are hurting

The government acknowledges a growing number of people making financial distress calls to crisis support hotlines, as the Reserve Bank governor says the mental health concerns of Australians weighs heavily on him.

The Guardian - AU

Pause in interest rate rises is ‘closer’, RBA chief says a day after 10th straight increase

Philip Lowe delivers speech saying it will soon be time to stop and assess the impact previous rate increases have had

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Arkhom Termpittayapaisith

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