The Latest Breaking News from Inflation

No. 2 official also says falling profit margins would help with inflation

A top Fed official says the Federal Reserve will need to continue lifting its short-term interest rate to a level that restricts economic growth and keep it there for an extended period

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

Finance secretary John Swinney warned MSPs that further cuts to public spending would be required if inflation continues to rise.

Sky high inflation is to blame for the council struggling to balance the books

New chancellor on charm offensive in Square Mile says Bank of England independence ‘is sacrosanct’

Britain’s new prime minister has pledged to rebuild the economy and “ride out the storm” gathering over the country, but Liz Truss faces a daunting job

The UK cost of living crisis has been building since early 2021. At 10.1%, the current rate of consumer price inflation is the highest in 40 years and the Bank of England believes it could pass 13% in October.

Worries about sky-high inflation, the Federal Reserve’s hawkish stance, and recession prospects have spurred market sell-off lately. Moreover, investors expect increased market volatility as analysts cut down their earnings estimates. Given the uncertain market conditions, fundamentally weak and losing stocks Snap (SNAP), Allegiant Travel (ALGT), and Cardiff Oncology (CRDF) could…

A massive number of Australians spending their lockdown savings on holidays and eating out drove above-trend economic growth over the June quarter.

Ald. Ray Lopez (15th) wants to cut the top pay for alderpersons and cap future pay raises at 3% a year.