The Latest Breaking News from Inflation

King Charles forced to increase price of Highgrove Christmas lunches as inflation bites

This year the menu for the Highgrove Christmas lunch includes starters of celeriac and truffle soup, venison terrine and cured salmon, mains of roots and chestnut cake as well as braised rib of beef

Daily Mirror · Dec 15, 2022

I cannot believe the government is playing politics with our nurses

It was about this time last year that I recall saying cheerfully to colleagues at work: “Well at least 2022 can’t be any worse!” This year, I am not repeating that mistake.

Evening Standard · Dec 15, 2022

Fed "straddles the line" between growth, inflation

The Fed's predicament on rates can be summed up using an old Duran Duran lyric.

Axios · Dec 15, 2022

Why are nurses striking and how will it affect hospital care?

Key questions answered as nurses in England, Wales and Northern Ireland stage first national strikes

The Guardian - UK · Dec 15, 2022

Minister hails ‘green shoots of recovery’ in Britain as she opposes nursing union’s pay demands

A minister claimed on Thursday that the “green shoots of recovery” were emerging in Britain as she argued against big pay rises for nurses and other public sector workers.

Evening Standard · Dec 15, 2022

Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

The Guardian - UK · Dec 15, 2022

US Federal Reserve Raises Interest Rate, Highest since 2007

The US Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. The central bank boosted its benchmark rate a half-point to a range of 4.25% to 4.5% and projected it would continue rising to…

Asharq Al-Awsat · Dec 15, 2022

Asia stocks follow Wall St down as Fed warns of higher rates

Asian shares have skidded after a retreat on Wall Street as markets showed dismay over the Federal Reserve's warning that more interest rate hikes are in store following its latest increase

The Independent UK · Dec 15, 2022

How Fed's series of rate hikes could affect your finances

The Federal Reserve’s move to raise its key rate by a half-point brought it to its highest range in 14 years

The Independent UK · Dec 15, 2022

Billionaire David Rubenstein says inflation won’t fall significantly until the unemployment rate is almost double what it is now

“The Fed cannot say publicly what I can say, and what others have said, which is that until we get unemployment to about 6%, we’re not likely to get inflation down appreciably,” he said.

Fortune · Dec 14, 2022