The Latest Breaking News from Inflation

US has ‘long way to go’ to reduce inflation, Fed chair tells Congress

‘Ultimate level’ of interest rates likely higher than anticipated, Jerome Powell says in Fed’s monetary policy report to Senate panel

The Guardian - US · Mar 7, 2023

2 Dividend Stocks That Could Pay You for the Rest of Your Life

As the market remains volatile due to ongoing concerns about elevated inflation, prolonged rate hikes, and an impending recession, fundamentally strong dividend stocks Bristol-Myers Squibb (BMY) Gilead Sciences (GILD) might be ideal buys to ensure a stable income stream. Moreover, these stocks could be great long-term investments. Read more.

StockNews.com · Mar 7, 2023

Reserve Bank closer to hitting pause on rate hikes

After delivering 10 interest rate rises in a row, the Reserve Bank could put further increases on hold to gauge the impact on soaring inflation.

AAP · Mar 7, 2023

4 Lousy Stocks It's Time to Throw the Towel On

A slew of robust economic data and high inflation could lead the Fed to increase its benchmark rate higher in the coming months than it had previously forecasted. The Fed’s persistent hawkish stance could cause an economic downturn and induce more volatility in the stock market. Hence, fundamentally weak stocks…

StockNews.com · Mar 7, 2023

Philip Lowe leaves clues his rate-rising work may be done – bar an Easter finale

The RBA governor has ditched his hawkish tone and the odds now seem to favour just one more rise, probably in April – but that could change

The Guardian - AU · Mar 7, 2023

Fed's Powell tells senators rate hikes could go higher, come faster - Roll Call

Federal Reserve Chairman Jerome Powell discussed the fight against inflation, cryptocurrencies, office vacancies and the debt limit.

Roll Call · Mar 7, 2023

Pakistanis are leaving our country in droves due to inflation and job losses – who can blame them?

After decades on the edge, Pakistan is now fully in crisis. And a general election later this year is unlikely to bring change, says London-based Pakistani writer Moni Mohsin

The Guardian - UK · Mar 7, 2023

Greggs to open 150 new stores despite rising staff and energy costs

Britain’s biggest bakery chain says it expects cost inflation of between 9% and 10% this year

The Guardian - UK · Mar 7, 2023

Markets rocked as Jerome Powell warns Fed could switch back to bigger interest rate rises –as it happened

Federal Reserve chair says US central bank would be prepared to increase the pace of rate hikes if data justified it

The Guardian - UK · Mar 7, 2023

Asian shares mixed as investors watch Fed moves, inflation

Asian shares are mixed in muted trading as investors assess a slew of economic data and await moves by the Federal Reserve

The Independent UK · Mar 7, 2023