The Latest Breaking News from Inflation

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The New Daily · May 2, 2023

Americans' Savings Now Exceed $1 Trillion. Here's How to Maximize Your Returns

Savings accounts are growing across the U.S., in a strong rebound from last year. How can savers get the most bang for their buck?

Kiplinger · May 2, 2023

Paschal Donohoe warns Government will be monitoring grocery prices to ensure no 'profiteering'

The Public Expenditure Minister said that while prices appear to be falling, it is not being felt by everyone. He warned that companies must pass on savings as costs drop

Irish Mirror · May 2, 2023

Scottish economy grows as UK set to avoid recession this year

Sluggish growth in specific industries like manufacturing has been blamed on wider supply chain issues

Insider UK · May 2, 2023

RBA boss Philip Lowe defends shock interest rate rise, saying 'there is a limit' to inflation patience

The Reserve Bank of Australia's governor says an acceleration in the cost of services and a rebound in house prices were among the factors prompting it to raise rates again, just a month after pausing its string of hikes.

ABC News · May 2, 2023

Philip Lowe says rebounding property market among reasons for shock RBA rate increase

Governor of central bank says rate pause in April had given board ‘more time to assess the pulse of the economy’ before Tuesday’s increase to 11-year high

The Guardian - AU · May 2, 2023

S&P Futures Tick Lower Ahead of Fed Meeting, U.S. JOLTs Report in Focus

June S&P 500 futures (ESM23) are trending down -0.16% this morning after three major U.S. benchmark indices finished the regular session lower as investors weighed First Republic rescue while bracing for central bank meetings, a deluge of quarterly earnings reports, and crucial U.S. economic data.

Barchart · May 2, 2023

Chobani CEO: Corporate margins may explain food inflation

The idea of 'greedflation' suggests corporate profit margins—and not increased wages or macroeconomic conditions—is the cause behind inflation.

Fortune · May 2, 2023

S&P Futures Tick Lower Ahead of Fed Meeting

June S&P 500 futures (ESM23) are trending down -0.16% this morning after three major U.S. benchmark indices finished the regular session lower as investors weighed First Republic rescue while bracing for central bank meetings, a deluge of quarterly earnings reports, and crucial U.S. economic data.

Barchart · May 2, 2023

S&P Futures Tick Lower as Focus Shifts to Fed Meeting

June S&P 500 futures (ESM23) are trending down -0.16% this morning after three major U.S. benchmark indices finished the regular session lower as investors weighed First Republic rescue while bracing for central bank meetings, a deluge of quarterly earnings reports, and crucial U.S. economic data.

Barchart · May 2, 2023