The Latest Breaking News from Inflation

Fed slows rate hikes even as Powell says there’s more work to do

Federal Reserve Chair Jerome Powell said policymakers expect to deliver a “couple” more interest-rate increases before putting their aggressive tightening campaign on hold, even as they slowed their drive to curb inflation.

Tribune News Service · Feb 1, 2023

Pension reform poses biggest challenge to Macron’s legacy as a reformer

A feeling of déjà vu pervaded the French capital on Monday as hundreds of thousands of protesters unfurled their posters and strikes paralysed public transport in opposition to the government’s announced pension reform. The proposed changes, a cornerstone of Macron's reform agenda but also a high-stakes test of his reputation…

France 24 · Feb 1, 2023

The reasons teachers in Wales gave for going on strike and continuing action

One in three schools in Wales was affected by the strike - either shut or partially shut

Wales Online · Feb 1, 2023

Fed slows rate hikes, signals further increases are coming

The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades.

Tribune News Service · Feb 1, 2023

Morgan Stanley's chief strategist thinks investors are in for a bumpy ride after they realize there's no more Fed rate cut 'heroin'

“Once people realize the Fed’s not cutting rates—there’s no more heroin, so to speak—then we’re going to price the fundamentals, which are clearly deteriorating in our view,” Wilson told CNBC Tuesday.

Fortune · Feb 1, 2023

Fed hikes key interest rate by quarter-point, signals more ahead

The Fed did note for the first time that price pressures are cooling. It said “inflation has eased somewhat but remains elevated.”

Chicago Sun-Times · Feb 1, 2023

Stimulus money is partly behind soaring U.S. inflation, Fed study finds

Multiple rounds of fiscal stimulus from two presidents during the pandeminc may have been a double-edged sword for the U.S. economy.

Fortune · Feb 1, 2023

Fed announces smallest interest hike in a year as inflation ‘eases somewhat’

Quarter-point increase to a range of 4.5% to 4.75% signals a slowdown in Fed’s fight against soaring inflation

The Guardian - US · Feb 1, 2023

What the Fed’s latest interest rate hike means for homebuyers

The Federal Reserve doesn’t set interest rates on lending products, but it can influence them. Here’s why that matters for homebuyers.

Fortune · Feb 1, 2023

Federal Reserve hikes interest rates but at a slower pace as inflation cools

Though smaller than its previous hike, the latest move will likely further raise the costs of many consumer and business loans and the risk of a recession

The Independent UK · Feb 1, 2023