The Latest Breaking News from Inflation

Edinburgh taxi fares to rise by 20%, with a two-mile trip set to cost almost £10

The fare increase was approved after a report found drivers were struggling to cope with rising inflation.

Edinburgh Live · Feb 6, 2023

The Treasury secretary says the red-hot labor market means the U.S. can avoid a recession: ‘You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years’

“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”

Fortune · Feb 6, 2023

IMF: U.S. economy might yet manage to pull off a soft landing and avoid recession

Treasury Secretary Janet Yellen also downplayed the risk of the U.S. economy contracting: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”

Fortune · Feb 6, 2023

3 Penny Stocks to Buy This Week for Under $1

Despite inpouring favorable macro data, the Federal Reserve is anticipated to continue rate hikes at a slower pace until its 2% inflation target is achieved. With experts expecting a recession in the near term, investors can scoop up quality, inexpensive penny stocks trading under $1, VEON Ltd. (VEON), Gran Tierra…

StockNews.com · Feb 6, 2023

Mortgage squeeze to worsen as RBA prepares rate hike amid refinancing binge

Millions of Australian homeowners are facing yet another jump in their mortgage bills this week, with a fresh rate hike incoming.

The New Daily · Feb 6, 2023

Electric vehicles power rise in UK car sales despite weak outlook

Trade body SMMT cuts forecast for annual sales, citing inflation and interest rate increases

The Guardian - UK · Feb 6, 2023

RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

MUMBAI: RBI governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.

The Times of India · Feb 6, 2023

Bank of England could be forced to raise interest rates again, says policymaker

Inflation could become entrenched as Covid, energy shock and Brexit hit economy, says Catherine Mann

The Guardian - UK · Feb 6, 2023

Leigh MP hits back at critics blaming Conservatives for soaring inflation rates

MP James Grundy regarded these claims from the Labour Party as 'deeply dishonest'

Manchester Evening News · Feb 6, 2023

BoE rate-setter Mann: further interest rate hikes still more likely than not

Catherine L. Mann said the risk of being too cautious in raising rates is greater than the risk of being too aggressive.

Evening Standard · Feb 6, 2023