The Latest Breaking News from Inflation

Reserve Bank governor Philip Lowe says he will keep lifting interest rates but the pace will soon slow down and he is confident the economy can absorb the rises.

With inflation hovering near a 40-year high, the specialty retail industry is crippling. Since persistent economic headwinds make the industry’s prospects bleak, we think fundamentally-weak retail stocks GameStop Corp. (GME), Five Below (FIVE), and Wayfair (W) are best avoided now. Read on….

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

A barrage of data Thursday offered a mixed view of the U.S. economy in the face of rapid inflation, including more tempered retail activity and a labor market that’s still vibrant.

Here are four key areas to watch ahead of the review making its recommendations to the treasurer

Supporting Ukraine comes at a high cost, but freedom is "priceless," European Commission chief Ursula von der Leyen told Reuters on Thursday amid soaring inflation and high energy prices in Europe.

An email to all staff members blamed increased inflation and fuel costs

Major economies are delivering interest rate increases to quash domestic inflation.

A list of all the financial updates for September

Nigeria’s consumer inflation surged to 20.5% in August, its statistics agency said Thursday, signalling more hardship for citizens and businesses in Africa’s largest economy

The public's perception of his handling of the economy and inflation still remains low.