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The Latest Breaking News from Inflation

Biden juggling long list of issues to please Dem coalition

With Election Day fast approaching, President Joe Biden is hoping to counter Republican momentum and he's trying to be everything to everyone

The Independent UK

Ilhan Omar on the critical issues of the midterm elections: ‘People understand what’s at stake’

From abortion rights to climate action, the Minnesota congresswoman outlines the work ahead for Democrats

The Guardian - US

UK economic outlook downgraded to 'negative' amid chaos after Liz Truss resignation

The ratings agency Moody's says the downturn is due to the political instability and high inflation in the aftermath of PM Liz Truss' resignation in a report published last night

Daily Mirror

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Inflation protests across Europe threaten political turmoil

Across Europe, soaring inflation is behind a wave of protests and strikes that underscores growing discontent with the spiraling cost of living and threatens to unleash political turmoil

The Independent UK

Two polls show Republicans pulling ahead nationwide. What that could mean for Pa.’s top races.

PHILADELPHIA — National political trends are shifting in Republicans’ favor as inflation assumes an even more dominant position in voters’ minds, according to two recent polls — a potentially significant development for key Pennsylvania races that could be decided by just a few percentage points.

The Philadelphia Inquirer

Domestic tourist spending still tepid

Local tourism this year has been marked by a higher volume of short trips, with inflation and flooding affecting average spending per person, according to the Tourism Authority of Thailand (TAT).

Bangkok Post

Equities move lower but SET outlook still good

RECAP: Asian and European stocks moved lower yesterday, as US Treasury yields held at the highest level since the global financial crisis of 2008 and investors weighed risks to Chinese markets.

Bangkok Post

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Fade the Friday Rally

Bull markets do not go straight up. There are plenty of down days, weeks and even months for the S&P 500 (SPY) added into the mix. Conversely bear markets do not go straight down. In fact, they have some pretty sizeable rallies that come along the way often clouding the…

StockNews.com

Federal budget: no tax break for low- and middle-income workers as economic outlook worsens

Inflation set to peak higher than expected so workers earning less than $126,000 will not get a tax break, worth up to $1,500, beyond 2022

The Guardian - AU

IRS increases 401(k), IRA contribution limits for inflation

The IRS is raising contribution limits to retirement plans, including 401(k) and IRAs, by a record 9.8% for 2023.

Axios

LOCALIZE IT: How to tell inflation story for your audiences

EDITORS/NEWS DIRECTORS:

The Independent UK

Inflation higher for longer: Treasury

Inflation is going to hang around for longer due to persistently high energy prices and floods in southeast Australia, Treasury forecasts say.

AAP

2 Trending Stocks on Wall Street to Buy Right Now

Despite fears of another major interest rate hike by the Fed in response to the stubborn inflation data for September, stocks such as Microsoft (MSFT) and Biogen (BIIB) have shown remarkable stability. Hence, it may be the right time to invest in them for market-beating returns. Keep reading.

StockNews.com

These 2 Stocks Are Proven Long-Term Winners

Inflation is far from the Fed’s target, which might induce it to deliver more rate hikes in the coming months, increasing the likelihood of a recession. Amid this, we think investors should consider buying fundamentally sound stocks, Coca-Cola (KO) and United Parcel Services (UPS), which are proven long-term winners and…

StockNews.com

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Evening Standard

Tesco hikes price of meal deal due to rising costs amid soaring inflation

The meal deal – which comprises a sandwich, snack and drink – had sat at £3 for the past 10 years

The National (Scotland)

Tesco puts price of a meal deal up for the first time in over a decade

TESCO has put the price of a meal deal up for the first time in over a decade, with the change set to come into force in days.

The Independent UK

When are the midterm elections?

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

The Conversation

Floods drive up fruit and veg prices, while energy costs will prolong high inflation

Fruit and vegetable prices are expected to be 8% higher than they would have been over the December and March quarters as a result of the floods, according to budget figures released by Treasurer Jim Chalmers.

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The National (Scotland)

Keir Starmer can't say whether he supports nurses' pay demands

KEIR Starmer appeared to be unable to back nurses’ demands for better pay despite his leadership campaign promising to “work shoulder to…

Tribune News Service

Martin Schram: A little inflation help from the other side

President Joe Biden and his designated message-deliverers just got some crucial, last-minute insights — from a most unlikely source — Wednesday night. It made clear how they should be talking about the only issue that almost half of Americans say they really care about in this all-over-the-lot midterm campaign.

Axios

Even Halloween candy can't hide from inflation

Here's how much the price of popular Halloween candies went up this year

Salon

GOP is bad on abortion — and inflation

Republicans have no ideas on how to fix the economy — and what they are planning will only make things worse

The Guardian - UK

DIY chain Wickes says its energy costs could rise by 75% in 2023

Retailer reports third-quarter sales growth but warns of uncertain outlook and £7.5m hike in energy bill

Glasgow Live

DWP Universal Credit claimants with children could lose £1,000 per year

People with children claiming Universal Credit from the Department for Work and Pensions could lose up to £1,000 per year according to think tank The Resolution Foundation

Liverpool Echo

DWP could give extra £325 Cost of Living payments under new plan

Campaigners also want all benefit payments to be increased in line with inflation

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Thapanee Kiatphaibool

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Office for National Statistics

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