The Latest Breaking News from Inflation

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

Announcement sparks concern that fight to contain sky-high US inflation could tip the economy into a recession.

Interest rates at such high levels would make it harder for Americans to borrow money and for banks to lend it

Record-high inflation has been taking a toll on the entertainment industry as consumers cut their entertainment expenses. However, the industry’s long-term prospects look impressive. While we think investors should avoid fundamentally weak entertainment stocks Warner Bros. (WBD) and AMC Entertainment (AMC) this fall, Comcast (CMCSA) could be a quality investment.…

CHENNAI: Regardless of Covid pandemic, inflation or the Ukraine War, India's richest grew by 96 persons to 1,103 spread over 122 cities and have Rs 1,000 crore or more as per the AIIFL Wealth Hurun India Rich List 2022.

Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected.

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.