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The Latest Breaking News from Inflation

Breaking 4 publishers covering this story in the last 6 hours

1h ago Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession
2h ago 'Tight ship': public told to expect scant budget help
2h ago Trump says Iran has been ‘decimated’, warns will decide on Tehran the ‘easy’ or ‘hard’ way
4h ago Diesel Above $6, Brent at $107, and Tortillas Getting Pricier: The Iran War's Hidden Toll on Latin People

‘Wouldn’t want to trade’: Why Australia’s inflation battle pales in comparison to global woes

Times are tough in Australia right now, but Reserve Bank boss Philip Lowe doesn’t think you’d want to be anywhere else.

The New Daily · Nov 4, 2022

Martin Lewis warns cost of living crisis will hit people harder in spring than winter OLD

Interest rates are now 3 per cent - the highest level since 2008 - in a bid to tackle soaring inflation

The Independent UK · Nov 4, 2022

U.S. hiring cooled slightly in October. That could help to ease inflation

Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.

WEKU · Nov 4, 2022

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It's not just buying a car — owning one is getting pricier, too

Mechanics' bills are rising faster than inflation, and people are holding on to their vehicles for longer than ever. That means even those staying out of the car market are feeling inflation's pinch.

WEKU · Nov 4, 2022

Interest rate rise 'further headache' for business, says British Chamber of Commerce

The Bank of England has increased the base rate to 3% in a bid to ease UK inflation

Birmingham Post · Nov 4, 2022

Editorial: In the economy’s interest: Federal Reserve is right to suggest slowing rate hikes

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less predictable…

Tribune News Service · Nov 4, 2022

Before slicing into this year’s Thanksgiving turkey, get ready to dig deeper into your wallet. ‘It’s going to be more expensive.’

HARTFORD, Conn. — Carving into the most classic of all holiday main courses this year — the Thanksgiving turkey — will first mean shoppers digging a lot deeper into their wallets before they gather around the family dinner table.

Tribune News Service · Nov 4, 2022

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Bernie Sanders hits the campaign trail with days left before US midterms

Vermont senator holding nine rallies across five battleground states, hoping to deliver winning argument to young and working-class voters

The Guardian - US · Nov 4, 2022

Martin Lewis reveals how much mortgages will rise after interest rate hike

Bank hikes rates for eighth consecutive time putting futher squeeze on cost of living crisis

The Independent UK · Nov 4, 2022

RBA outlines gloomier outlook for economy

The Reserve Bank of Australia sees inflation peaking higher, slower growth and a higher jobless rate as economic challenges intensify.

AAP · Nov 4, 2022

Reserve Bank predicts inflation to peak at 8% – the highest rate since 1990

Interest rates will likely continue to rise to subdue inflation, bank’s quarterly statement says

The Guardian - AU · Nov 4, 2022

Reserve Bank warns Australians to brace for tough years ahead to get inflation under control

The Reserve Bank expects a couple of tough years for Australians, with real wages continuing to fall as inflation persists, economic growth slows and unemployment starts to rise.

ABC News · Nov 4, 2022

Hunt's double whammy: What the Chancellor's autumn statement will mean for you

Experts predict how the drastic measures needed to fill Liz Truss's £50bn black hole will affect Britons

Wales Online · Nov 4, 2022

Capital Gains Tax Rates 2026: What You Need to Know

Navigating capital gains tax can be complex, but knowing the applicable tax rates and thresholds can help you plan your investments.

Kiplinger · Nov 3, 2022

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StockNews.com · Nov 3, 2022

Investors: Wake Up and Smell the Pain (Part 2)

How funny it was to see traders get it wrong once again. They misread the Fed announcement at 2pm ET leading to a big 1% rally for the S&P 500 (SPY). Within minutes of Chairman Powell speaking it dawned on every body that things have not gotten better...only worse. And…

Bangkok Post · Nov 3, 2022

Regional economic outlook mixed

Asia's strong economic rebound early this year is losing momentum, with a weaker than expected second quarter. The International Monetary Fund has cut growth forecasts for Asia and the Pacific to 4% this year and 4.3% next year, which are well below the 5.5% average over the last two decades.

Bangkok Post · Nov 3, 2022

Fed jolt has Asian markets on edge

Asian bourses paused on Thursday and most emerging market currencies in the region fell after the US Federal Reserve issued its fourth straight 0.75% interest rate hike, with chairman Jerome Powell suggesting the policy will continue to control inflation.

Kiplinger · Nov 3, 2022

Kiplinger Interest Rates Outlook: Long-Term Rates Still Facing Upward Pressure

The Fed suggests that it is not likely to cut rates further unless the jobs market weakens more.

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The Independent UK · Nov 3, 2022

Union: Orlando tourism workers need $18 an hour to survive

Workers in central Florida’s tourism industry are pushing to raise their minimum wage to at least $18 an hour, arguing that rising rents and inflation have cut into their ability to make ends meet

The Independent UK · Nov 3, 2022

White House holds firm on US avoiding recession as economy looms over midterms

‘We do not see it going into recession,’ White House says

The Independent UK · Nov 3, 2022

Voices: Republicans have convinced voters inflation is Biden’s fault — even though they have no plan to solve it

Polls show that the GOP has successfully managed to make inflation a deciding issue, without having a clear policy for combating it. What this implies about the future is scary

The Guardian - UK · Nov 3, 2022

BT is feeling the squeeze as inflation clouds its future

Telecoms company warns of job cuts as cost pressures and energy bills threaten its financial plans

The Independent UK · Nov 3, 2022

Britain facing ‘prolonged pain’ as Bank says recession could stretch into 2024 OLD

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

Evening Standard · Nov 3, 2022

What does the latest interest rate hike mean for me?

Interest rates have gone up to 3% which means people, especially mortgage holders, will face higher borrowing costs.

Evening Standard · Nov 3, 2022

Who is Bank of England’s Governor, Andrew Bailey?

He announced the UK’s biggest interest rate rise in three decades today to curb soaring inflation

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