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The Latest Breaking News from Inflation

Democrats prepare for loss of Congress as voters break late to GOP

Democrats’ prospects for holding onto Congress are fading a week before the U.S. election as voters focus on economic concerns rather than the rollback of abortion rights, bolstering Republicans who have made inflation a central issue in the race.

Tribune News Service

Nearly Half of Voters Prefer Pro-Choice Candidates; 18 Percent Don't Care

Plus: Brazil's Bolsonaro loses, fact-checking Biden on the Inflation Reduction Act, and more...

Reason

New Tax Credit A "Game Changer" For Ford's Commercial EVs: CEO

The Inflation Reduction Act adds a tax credit of up to $7,500 for light commercial EVs from 2023, with no restrictions on battery sourcing or manufacturing.

InsideEVs

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COP27 Climate Summit to Test Resolve of World Battling War, Inflation

An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest players are distracted by urgent crises ranging from war in Europe to rampant consumer inflation. More than 30,000 delegates, including representatives from some 200 countries,…

Asharq Al-Awsat

More than a third of UK hospitality firms ‘could go bust by next year’

Pubs, restaurants and hotels threatened by energy bills and food price inflation, survey finds

The Guardian - UK

COP27 climate summit to test resolve of world battling war, inflation

Reuters

Estimated costs of National Care Service 'significantly understated'

ESTIMATED costs around the National Care Service Bill are “likely to significantly understate” the actual costs which could face the Scottish…

The National (Scotland)

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Inflation hits new record in Europe, slowing economy

Inflation just keeps punishing the European economy

The Independent UK

Survey: 55% of working Americans say they’re behind on retirement savings

A majority of Americans say they’re not keeping up with their retirement savings, according to a new Bankrate survey. And that’s even when nearly 3 in 5 Americans are contributing the same or more than they were last year. Americans point to inflation as a key reason why they’re not…

Tribune News Service

Dan Rodricks: This election is not only about the price of chicken thighs

“It’s about whether you think you’re better off than you were two years ago, whether you think this country is on the right track. That’s it.”

Tribune News Service

Eurozone inflation hits record high of 10.7%; UK mortgage approvals, credit card borrowing fall – as it happened

Inflation jumps because of higher energy and food costs but eurozone avoids recession with 0.2% GDP growth in third quarter; wheat prices soar on world markets

The Guardian - UK

IMF says Mideast, North Africa economies resilient in 2022

The International Monetary Fund says the economies of Middle Eastern and North African countries were resilient in 2022, but double-digit inflation is expected to slow growth in the region next year

The Independent UK

Asian markets higher ahead of Fed rates decision

Asian stock markets are mostly higher ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again

The Independent UK

Sen. Chuck Schumer, GOP challenger Joe Pinion debate inflation, abortion and more

Inflation, abortion and a range of other national issues dominated the first and only debate between Democratic New York Sen. Charles Schumer and his longshot Republican challenger, Joe Pinion, on Sunday.

Tribune News Service

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Bangkok Post

International Discord Undercuts Global Growth, Worsens Inflation

The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world's biggest powers are now intent on undermining one another, with unsettling economic implications.

Tribune News Service

Inflation, economy are top of mind for voters in midterm poll

Inflation and the economy are top-of-mind for voters heading into the midterm elections, with a majority of registered Republicans prioritizing economic issues, according to an ABC News/Ipsos poll.

The Independent UK

When are the midterm elections 2022?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

Glasgow Live

Average price of nostalgic childhood chocolates soared by 153% since the 90s

As the rate of inflation hits 10.1 per cent, grocery experts have found that our favourite childhood sweets and chocolates have rocketed in price since the 1990s.

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Edinburgh Live

The wave of financial support coming in November - including £330 pay boost for workers

A wave of new schemes and financial support to help struggling households will be brought in next month, including a pay boost worth up to £330 for all workers.

Daily Mirror

Foreign Office warns Brits of potential ‘violence’ and ‘unrest’ in Spain

Demonstrations are being held across Spain as people call for an increase in wages and pensions to match rising inflation, with the Foreign Office warning of potential "violence" and "unrest"

Tribune News Service

Allison Schrager: We should just accept we’re going to have a blah economy

This economy can’t go on forever. GDP may still be growing, but it’s at an anemic rate. And other indicators are piling up that suggest a recession is imminent: The yield curve is inverting, hiring and house price growth is slowing and Philadelphia may win the World Series.

The Guardian - UK

Twitter deal may signal point when the ‘everything bubble’ bursts

China’s property meltdown, the unwinding of QE and the tech stock plunge all show a fragile global financial ecosystem under stress

Evening Standard

Bank of England expected to hike interest rates to 33-year high

Most economists think rates will rise by 0.75 percentage points to 3 per cent on Thursday

Orlando Sentinel

Florida's closely watched Senate race between Rubio, Demings grows heated

ORLANDO, Fla. — Florida’s race for U.S. Senate is a high-stakes political slugfest with terms like “socialist” and “lying and cheating” being hurled on television and more than $100 million being spent in the pivotal contest.

Liverpool Echo

Money changes happening in November including DWP's £324 cost of living pay boost

Major financial updates will come into effect in November

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People

Luiz Inácio Lula da Silva

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