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The Latest Breaking News from Inflation

Outdoor products company YETI (YETI) has raised its 2022 EPS outlook, but the company is expected to suffer from the inflationary environment and supply chain issues. So, let’s evaluate if it is wise to bet on the stock now. Read on.

StockNews.com

The Week Ahead: Inflation, confidence and the waning belief in a soft landing

Sell in May and go away is the tired investing adage. Well, will the investment markets now swoon in June?

Miami Herald

3 Great Income Stocks to Buy in June

With the rising inflation and rate hikes taking a toll, a recession seems like a real possibility. Amid such uncertainties, we think income stocks Natural Resource Partners (NRP), PT United Tractors (PUTKY), and Genie Energy (GNE) are solid investments now.

StockNews.com

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Biden says jobs report shows that US is in a good position to combat inflation

The US economy added 390,000 jobs in May, according to the Bureau of Labor Statistics

The Independent UK

Conor Sen: Consumers are losers in a booming industrial economy

Reasons to worry about a recession are piling up: the Federal Reserve's inflation fight, a slowing housing market, warnings from retailers and venture capitalists and a smattering of layoff announcements. But one part of the labor market is sending a decidedly different signal. Goods-producing employment, which includes industries like manufacturing,…

Tribune News Service

News analysis: Biden, who ran on competency and experience, is struggling to manage multiple crises

WASHINGTON — President Joe Biden's virtual meeting Wednesday with industry executives in the South Court Auditorium, a soundstage in the hulking office building adjacent to the White House, was held to highlight the administration's response to the ongoing infant formula shortage.

Los Angeles Times

Job growth in US tops estimates, signaling optimism on economy

U.S. employers hired at a robust pace in May while wage gains held firm, suggesting the economy continues to power forward as the Federal Reserve raises interest rates at a steep pace to tame red-hot inflation.

Tribune News Service

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The job market stays red-hot with the unemployment rate near a pre-pandemic low

U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.

WEKU

Biden talks inflation fight as May jobs numbers are released - Roll Call

Biden said Friday that he understands that most Americans don't really care what caused inflation at the grocery store.

Roll Call

Data puts Turkey's annual inflation at 73.5%, a 24-year high

Official data show annual inflation in Turkey hit 73.5% in May as a cost-of-living crisis in the country deepens

The Independent UK

How cost crisis has affected your supermarket shopping basket as food prices surge 20% in two months

Food inflation has reached its highest level in a decade, with warnings it could get worse

The Independent UK

Data Puts Turkey’s Annual Inflation at 73.5%, a 24-Year High

Annual inflation in Turkey hit 73.5% in May, the highest rate since 1998, according to official data released Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute said the rate represented an increase of almost 70% from the month before.

Asharq Al-Awsat

Wolff: F1 budget cap allowance would help adjust staff salaries

Mercedes teams principal Toto Wolff says a compromise to adjust Formula 1's budget cap to account for increased energy and freight costs would allow the team to adjust staff salaries for inflation.

Autosport

Karl W. Smith: Biden’s economic hubris gives way to humility

Treasury Secretary Janet Yellen has finally admitted how badly she underestimated the inflationary threat last year. Although President Joe Biden himself continues to insist the economy is better than it looks, even he acknowledges that Americans won’t view the economy more favorably until rising prices are tamed.

Tribune News Service

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Tribune News Service

Commentary: Immigration as economic and workforce stabilization

Inflation has no cure-all. The Federal Reserve’s rate hikes – two already this year, and more expected – might help, but they do nothing to address one of the main underlying problems: not enough workers.

Pedestrian.tv

Labor’s Officially Backed A Minimum Wage Pay Rise, So WTF Does That Mean What Happens Next?

Let's pop our economy hats on.

Asharq Al-Awsat

Oil Price Rises Even as OPEC Boosts Output More than Expected

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate. In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market…

The Independent UK

Hiring might have slipped last month to a still-strong level

After months of robust hiring, U.S. employers might have pulled back slightly in May, to levels that would still be consistent with a healthy job market, despite high inflation and rising borrowing costs

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Reuters

Australia's new PM backs wage hike to ease inflation pain

Australia's new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in consumer price inflation.

Bangkok Post

Manufacturing expands for 5th month in a row

Thai manufacturing grew for the fifth consecutive month in May despite a fall in demand, with safety stock building one of the key factors driving the expansion.

Reason

Biden's Plan for Reducing Inflation Will Actually Make It Worse

The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.

The Hindu

A critical juncture: On GST reforms

Distilling inflation’s impact on GST revenues is critical before structural reforms are put on hold

StockNews.com

3 Attractive Value Stocks to Add to Your Watchlist

Concerns over aggressive interest rate hikes to combat multi-decade high inflation, the Russia-Ukraine war, and the possibility of an economic slowdown have fostered substantial market volatility of late. This has led the stocks of several quality companies to trade at attractive valuations. Thus, we think it could be wise to…

Tribune News Service

'Outrageous': Gas prices reach new record high in California, US

WOODSIDE, California — Gas prices in the Bay Area and California broke records again Wednesday, with some stations hitting $7 a gallon for mid- and premium-grade, exacerbating concerns about inflation and the region’s exceptionally high cost of living.

The Guardian - UK

Ukraine more than doubles interest rates as it fights economic crisis

Central bank moves to stem double-digit inflation and protect currency, taking borrowing to highest level since 2015

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