The Latest Breaking News from Inflation

Don’t blame Joe Biden for high inflation

For any American who is thinking of voting Republican out of anger about inflation, here’s some advice: look before you leap

The Guardian - US · Oct 28, 2022

UK councils slashing services to meet £3.2bn budget shortfall

Exclusive: Inflation, energy prices and Liz Truss’ mini-budget are contributing factors to cuts local leaders described as unprecedented

The Guardian - UK · Oct 28, 2022

The federal budget had 'tough decisions' — but it's crunch time for Australians, too

Meet Miriam. She's the "typical Aussie", juggling a family, a part-time job and a growing pile of bills. Not one policy in the budget's five-point plan for cost of living relief will help her now — but for millions like her, crunch time is already here.

ABC News · Oct 28, 2022

It May Be Time To Take A Bite Of Food Stocks As Recession Fears Still Loom

In October, buying conditions for durables climbed to 23% as prices and supply constraints eased.

Benzinga · Oct 28, 2022

Mortgage Applications At A Near 30-Year Low - Has The Federal Reserve Gone Too Far?

Almost every day for the last several months, people have been subjected to a steady trickle of bad news about the state of America’s real estate market. Unless you’ve been living under a rock, it’s impossible to avoid talk of the U.S. Federal reserve’s almost yearlong spree of raising interest…

Benzinga · Oct 28, 2022

Buckle Up For 2023: Inflation Is Still Rampant, New PCE Data Shows

U.S. inflation, as measured by the Federal Reserve's preferred Personal Consumption Expenditures (PCE) Price Index, remains unchanged at 6.2% annually in September, according to the Bureau of Economic Analysis.

Benzinga · Oct 28, 2022

Bank of England expected to raise interest rates by 33-year high to 3%

Warnings that cuts and tax hikes could lead to deeper and longer recession

Wales Online · Oct 28, 2022

3 Stocks That Are Great for Passive Income Investors

Though the U.S. economy bounced back after shrinking in the first half of the year, falling consumer spending and the rate hikes to tame high inflation might lead the economy into a recession. Hence, investors looking for passive income could invest in fundamentally sound dividend-paying stocks Pfizer (PFE), Sanofi (SNY),…

StockNews.com · Oct 28, 2022

The Week Ahead: Why keeping politics out of the inflation fight matters

“Just kick ‘em in the rump a little,” the president told the chairman of the Federal Reserve four days before the central bank’s interest rate setting committee was to meet. The American economy was limping along, federal spending was a growing concern, and a war was raging halfway around the…

Miami Herald · Oct 28, 2022

A key US inflation gauge stayed at a high 6.2% in September

A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily

The Independent UK · Oct 28, 2022