The Latest Breaking News from Inflation

It’s the season of outrage, and TV news anchors can't have enough of it! They are angry, hurt and offended – but for what? Not unemployment, or inflation or gas prices going up; from Nupur Sharma to now Mahua Moitra, hurt sentiments continue to rule the airwaves.

PHILADELPHIA — Days after the Supreme Court ended the constitutional right to abortion, Rep. Susan Wild went to a rally in Easton, where a woman held an 8-month-old. She lamented that the child “had more rights eight months ago than she does now,” Wild recalled.

Rising rates, higher inflation and declining house prices mean Australian households are being whacked from all directions.

The Stock Exchange of Thailand was hammered in June, falling from 1,663.41 points at the end of May to close the month at 1,568.33, a drop of 5.7%. The decline follows those of other markets around the globe, especially the Dow Jones which plunged by almost 10%.

Gov. Gavin Newsom announced in late June a $17 billion inflation relief package that would send money to millions of Californians.

Visibility is one of those jargony words reserved for pilots, meteorologists, and business leaders. And there has been very little visibility for business.

It’s not unprecedented for titans of industry to attack presidents. Henry Ford was so outraged over former President Franklin Roosevelt’s Hundred Days of initial policies to address the Great Depression that he huffed FDR’s “particular genius is to try to run other people’s businesses.”

The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to tame inflation. The July 8, 2022, jobs report also showed the unemployment rate remained at a 70-year low of 3.6%.

Inflation is raging

President Joe Biden said on Friday that he has not yet made a decision on whether to cut some U.S. tariffs on imports from China, saying his administration was reviewing them "one at a time."

With the increasing odds of the economy slipping into a recession due to the Fed’s aggressive interest rate hikes to reduce inflation, it could be difficult for fundamentally weak stocks to find support anytime soon. DiaMedica (DMAC), CytomX (CTMX), Meta Financial (CASH), and Live Oak (LOB) have recently been downgraded…