The Latest Breaking News from Inflation

Brits are cutting back their spending as soaring inflation takes its toll on household budgets.

Inflation gap highlights need for Boris Johnson’s successor to stick to levelling up agenda – thinktank

Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.

Sen. Joe Manchin is roiling budget talks with Democratic leaders anew

Consumer prices shot up 9.1% last month from a year earlier — the biggest year-over-year jump since November 1981.

The SPDR S&P 500 (NYSE: SPY) saw dip buyers come in on Wednesday when the ETF gapped down 1.5% to start the trading day after the Bureau of Labor and Statistics released data that showed inflation soared 9.1% year-ove

Although high inflation and supply chain issues affect the retail industry, resilient consumer spending for general merchandise at relatively low prices from discount stores should benefit discount retailers Costco Wholesale (COST) and Target (TGT). But which of these stocks is a better buy now? Read more to find out….

Nio, Inc (NYSE: NIO) was trading up about 2.4% on Wednesday after opening lower, a move that was triggered by inflation data, which came in higher than what was expected, at 9.1%.

Democrats’ demands for changes to the tax code threaten to complicate efforts to pass a budget reconciliation package by the August recess.