The Latest Breaking News from Inflation

It may be good news for those on the receiving end, but business groups warn the minimum wage rise announced yesterday will flow on to other workers, adding "fuel to the inflation fire".

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian…

Removing tariffs could save American households $800 this year. What is the White House waiting for?

Some economists say it will take an economic contraction and higher unemployment to bring inflation down

Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different.

The Fair Work Commission decision to increase the minimum wage by 5.2 per cent is a rare bright spot for workers in what has been a terrible decade.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994.

Consumers are already paying more for gas, groceries and everyday items, but they should expect to fork over more in other parts of their lives after Wednesday’s interest rate increase.

Recession fears have been rising with inflation running at a 40-year high and the Fed’s potential monetary policy tightening. The World Bank has recently warned of a recession and slashed its global growth forecast, adding to investors’ worries. Therefore, ETFs that perform well in a bear market, Direxion Daily S&P…