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The Latest Breaking News from Inflation

Erdogan Promises More Rate Cuts, Plays Down Inflation in Turkey

Turkey will continue cutting interest rates rather than hiking them in the face of high living costs, President Tayyip Erdogan said on Monday, playing down inflation of more than 70% as one of several problems for the economy. In a speech, Erdogan also redoubled his commitment to boosting production, exports…

Asharq Al-Awsat

It's Time to Take Powell At His Word

No more lip service from you, Jay Powell. The Chairman of the Federal Reserve has notably been sanguine about inflation, the economy and the potential for creating a massive bubble that may be impossible to retreat from. Words are words, action is action. And frankly all one has to point…

Benzinga

Down More Than 60% in 2022, is Etsy Stock a Buy?

Arts-and-crafts marketplace Etsy (ETSY) has been making operational headway, but the company is expected to suffer from the inflationary environment and supply chain issues. So, let’s find out if it is wise to bet on the stock now. Read on.

StockNews.com

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Tariffs Are Adding to Inflation. Biden's Commerce Secretary Says Repealing Some 'May Make Sense.'

Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.

Reason

Stocks climb on Wall Street, led by more gains in tech

Stocks rose broadly in morning trading on Wall Street Monday, led by more gains in big tech companies

The Independent UK

4 Dirt-Cheap High-Yield Stocks Flying Under-the-Radar

The Federal Reserve’s hawkish stance to fight high inflation is signaling a recession in the offing in the near term, which will likely sustain the stock market’s heightened volatile. Therefore, it could be wise to bet on high-yield dividend stocks to generate a steady portfolio income stream. High-yield stocks from…

StockNews.com

Market Wrap: Volatile inflation and a deluge of data as China emerges from lockdowns

A deluge of data in China will provide fresh insights into the economic impact of the COVID lockdowns, including trade, consumer and producer inflation.

The New Daily

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UK new car sales slide to second worst May in 30 years

Global supply chain crisis, including computer chip shortage, and inflation hit business

The Guardian - UK

Our Elizabethan age has been golden and the next 70 years look bright too

The second Elizabethan age has delivered a remarkable increase in living standards. Average incomes in 2022 — adjusted for the effects of inflation — are almost four times higher than they were when the 25-year-old Elizabeth became our sovereign in 1952. I doubt we will see quite the same gains…

Evening Standard

Fuming Costa Coffee customers slam overnight price hike on favourite drinks

Raging punters woke to find their morning coffee had gone up an average 14p with "no warning" - the second rise in six months - while Costa bosses blamed inflation.

Edinburgh Live

Do you think inflation is tough? Try vacation inflation

It’s not just gasoline prices that are making travelers swoon during this summer vacation season.

Tribune News Service

Biden entered office facing daunting crises – only to be hit with more crises

A confluence of high-stakes events – mass shootings, inflation, the Ukraine war – have left Americans deeply pessimistic about the direction of the country and frustrated with Washington

The Guardian - US

Deflation to War: How the ECB Responded and What is Next

The global surge in inflation has brought to an end a long period of low interest rates and forced central banks around the world to try to bring prices under control by raising borrowing costs. Inflation in the eurozone soared to an all-time peak of 8.1 percent in May, precipitating…

Asharq Al-Awsat

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

The Guardian - AU

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The Independent UK

Biden hoping to avoid Summit of the Americas flop in LA

When leaders gather this week in Los Angeles at the Summit of the Americas, the focus is likely to veer from policy issues like migration, climate change and inflation and instead shift to something Hollywood thrives on: the drama of the red carpet

The National (Scotland)

Europe shows ‘laissez-faire’ economics is not the answer to the cost of living crisis

WHEN it comes to the cost of living crisis, UK Chancellor Rishi Sunak likes to paint a picture of himself as helpless in the face of forces beyond…

ABC News

ASX falls ahead of RBA meeting, global stock markets slide, Rio Tinto sued over Queensland refinery

Australian shares fall ahead of the RBA meeting on Tuesday, pulled down by a slide in global equities as US jobs data signals the Federal Reserve will likely continue raising interest rates to ease inflation.

Bangkok Post

FTI urges maintaining diesel price subsidy

Thailand's inflation rate is expected to stand at 4-5% throughout this year, prompting the need for the government to maintain its diesel price subsidy programme, says the Federation of Thai Industries (FTI).

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Bangkok Post

Healthcare stocks lead the way

Investing in stocks and assets with high pricing power and long-term growth potential has traditionally been a good way to capture gains and stay ahead in an inflationary environment.

Bangkok Post

May Jobs Report Keeps Fed on Track for Half-Point Rate Rises

The strong employment figures released Friday keep the Federal Reserve firmly on track to raise interest rates by a half-percentage point at its meeting in two weeks and again in late July to cool high inflation.

Bangkok Post

Get ready for 'reverse currency wars' phenomenon

The US dollar is up 12% against the euro over the past year and, at €0.93 (34.22 baht), is approaching parity. If prices of oil and other commodities now seem high in dollar terms, they look even higher in euros. With the greenback surging, and inflation in many countries currently…

Evening Standard

Soaring inflation ‘worse than Covid’, 1 in 5 businesses say

Almost a third of businesses said they had stopped hiring new staff

The New Daily

Alan Kohler: It’s 1973 all over again, but with a greater energy cost for Australia

After a century of gearing the entire global economy to burning fossil fuels, it was never going to be easy or cheap to switch to sunshine and wind.

Tribune News Service

Yellen denies urging smaller Biden relief plan in early 2021

WASHINGTON — Janet Yellen denied advocating for a smaller American Rescue Plan than the $1.9 trillion package proposed by the Biden administration and passed by Congress in early 2021, after an advance copy of a book about the Treasury secretary showed she initially urged scaling it back by a third.

The Guardian - US

Biden commerce secretary shifts blame for inflation on to Russia’s war in Ukraine

Gina Raimondo’s comments seen as part of a White House push to deflect blame for nation’s economic troubles away from Biden

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