The Latest Breaking News from Inflation

‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Evening Standard · Feb 3, 2023

The Week Ahead: Why interest rates and reputation are on the lunch menu for the Fed chairman and investors

Last week it was the Federal Reserve’s Open Market Committee shaping monetary policy and investor expectations. In the week ahead, it will be the Fed’s open mouth practices at work.

Miami Herald · Feb 3, 2023

New Bank of England interest rates rise impact on future mortgage payments and soaring inflation

The base rate increased from 3.5% to 4% to help bring double-digit inflation under control.

Daily Record · Feb 3, 2023

New Zealand floods add to inflation challenge for new prime minister ahead of vote

The worst flooding in New Zealand's biggest city Auckland is heaping more inflationary pressure and is posing a fresh cost-of-living headache for prime minister Chris Hipkins, who is trying to win back support for his party ahead of elections this year.

Reuters · Feb 3, 2023

The figure that shows why teachers are on strike in Wales

Experts have looked at teachers pay in the last 13 years

Wales Online · Feb 3, 2023

January may have delivered lower, if still solid, job growth

The American economy has an unusual problem: The job market looks too strong — at least to the inflation fighters at the Federal Reserve

The Independent UK · Feb 3, 2023

Biden comes to Philly to cast past accomplishments as a case for 2024 success

PHILADELPHIA — President Joe Biden and Vice President Kamala Harris aim to move Democrats forward on a visit Friday to Philadelphia. Getting there may require a walk back down memory lane.

The Philadelphia Inquirer · Feb 3, 2023

Fed Chair Powell is no Kobe Bryant. He didn’t have ‘Mamba mentality’ in his crucial press conference, UBS says

Jerome Powell has lost some of his focus when it comes to fighting inflation, UBS's chief investment officer said.

Fortune · Feb 2, 2023

Argentina OKs new 2,000 peso bill as inflation bites, still only worth $5

Argentina will roll out a new 2,000-peso bill, the central bank said on Thursday, which would double the face value of the country's top denomination bank note, but would still only be worth $11 officially and $5 in commonly used parallel markets.

Reuters · Feb 2, 2023

Asian equities jump on Fed hints

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

Bangkok Post · Feb 2, 2023