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The Latest Breaking News from Inflation

A look at 8 House races in New York that could determine control of Congress

NEW YORK — New York is widely viewed as one of the nation’s most deeply Democratic states.

Tribune News Service

Global stocks mixed ahead of US GDP, Europe rates decision

Global stock markets are mixed ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubbornly high inflation

The Independent UK

Editorial: Biden’s economic record an albatross for Democrats

As the November election looms, Democrats are in desperation mode, particularly as inflation and high gasoline prices dog voters as they cast their ballots. The president’s response has been to deny reality.

Tribune News Service

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Biden zeroes in on economic message as campaign winds down

President Joe Biden is zeroing in on a largely economic-focused message amid raging inflation and recession risks as he makes his closing argument for the November midterm elections

The Independent UK

Sturgeon calls for more action on costs crisis in first letter to PM

The First Minister said ‘much more needs to be done’.

The Independent UK

DWP refuses to rule out benefit or state pension cuts in April

It comes after a Rishi Sunak was appointed to replace Liz Truss

Nottingham Post

Europe likely to see another jumbo interest rate increase

The European Central Bank is getting ready to go big again

The Independent UK

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Unilever warns of high inflation in 2023 after reporting sales growth

The consumer goods giant said cost pressures are likely to also be carried forward next year

Birmingham Post

Housing market predictions for 2023

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

Tribune News Service

Hargreaves Services reports strong start to the year despite inflation

The County Durham-based group gave a short update on trading, ahead of its annual general meeting

Birmingham Post

Banks forecast sharp interest rate hike

Mortgage holders are likely to see repayments jump even higher as the inflation dragon proves harder to slay than expected.

AAP

Deranged diners, inflation and staff shortages: American restaurants are struggling

Covid rules have been lifted – but things aren’t back to normal for staff or customers

The Guardian - US

EXPLAINER: What's up with the Bank of Japan's unique track?

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1%

The Independent UK

The 'Experts' Were Never Going To Fix Inflation

The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.

Reason

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AAP

Inflation buffer for Qld public servants

A cost of living clause weighed against the consumer price index has been included in a pay offer for Queensland public servants.

The Guardian - AU

Why is the cost of living going crazy even as the Reserve Bank raises rates?

Overseas issues and a wildfire housing market have combined to drive inflation growth that hasn’t been seen for decades

Bangkok Post

Manufacturing to thrive despite threats

Thailand's manufacturing sector is expected to keep growing next year following the easing of Covid-19 infections, but economic challenges caused by high inflation and the impact of the Russia-Ukraine war could cause a bumpy ride, according to analysts.

Salon

Your Thanksgiving turkey might be pricey

A looming turkey shortage coupled with inflation means that Thanksgiving is going to really cost you this year

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Tribune News Service

‘Winter is coming’: Commercial property sector plans for recession

DALLAS – Commercial real estate industry leaders are preparing for tougher times – tighter lending, higher interest rates and likely a recession.

ABC News

WA nurses' industrial action ramps up as unions still at loggerheads with government in dispute

WA's public sector wages dispute is far from over, with nurses ratcheting up their industrial action as police begin their own.

Bangkok Post

Soaring Inflation Pushes Halloween Candy Prices Scary High

Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.

StockNews.com

Extra Money in Your Pocket? Put These 3 Stocks to Work

With the Fed on track to approve another significant interest rate hike and willing to risk recession to bring inflation under control, the stock market is expected to remain under pressure in the upcoming months. Hence, it would be wise to invest in fundamentally strong stocks Comcast (CMCSA), Hackett (HCKT),…

StockNews.com

These Growth Stocks Could Make You Rich Over the Next 5 Years

The stock market has been under immense pressure this year amid the skyrocketing inflation and the Fed’s aggressive stance to control it. However, stocks have witnessed a relief rally this month. Irrespective of the market conditions, we believe investing in quality growth stocks Marathon Petroleum (MPC), Forrester Research (FORR), and…

The Guardian - UK

Sunak dismantles remainder of Truss legacy on first full day in office

Prime minister abandons fracking and refuses to guarantee pensions triple lock or defence spending rise

ABC News

Inflation means your wages are worth less. Will they rise to catch up?

Restaurant workers with six months' experience are asking for $100,000. But, in most places, wages growth is still falling well short of inflation.

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