The Latest Breaking News from Inflation

Costs for Australian businesses rose 5.6 per cent in the 12 months to June 30, their biggest increase since December 2008.

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

The global economy periodically experiences steep movements in commodity prices, causing cyclic booms and busts. These are called commodity cycles, a complex process emerging from macroeconomic shocks, supply chain bottlenecks, and policy failures. 

The largest increase in sales was in furniture and lighting, at a rise of 25.9% compared to the previous month

Senate Majority Leader Chuck Schumer has told fellow Senate Democrats they now have an opportunity to achieve two “hugely important” priorities on health care and climate change after the deal he struck with Sen. Joe Manchin

60% of job-switchers are making more money, even with inflation

The drumbeat of recession grew louder after the U.S. economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest rate hikes stymied businesses and housing.

Home builder sentiment has hit a record low due to concerns about the rising inflation and recession possibilities. Moreover, affordability is taking a toll on buyer traffic. So, should you drop homebuilding stocks Five Point Holdings (FPH), Howard Hughes (HHC), and LGI Homes (LGIH)? Keep reading to learn our view….

Global food giant Nestle has reported higher sales in the first half of the year, even as it increased prices by 6.5% as inflation soared around the world