The Latest Breaking News from Inflation

Flat white 'will cost £4' by end of the year due to rising milk costs

The morning coffee which many grab on the way to work could become unaffordable

Wales Online · Oct 19, 2022

Standard deductions, tax brackets rise due to inflation

The IRS is increasing standard deductions for 2023 and tax brackets will be revised upward because of inflation.

Chicago Sun-Times · Oct 19, 2022

The new income tax brackets for 2023 likely to boost your paycheck

Here's a breakdown of income and rates for next year.

Axios · Oct 19, 2022

2 Stocks Under $50 You Shouldn’t Ignore in Q4

Sky-rocketing inflation and the Fed’s hawkish tilt have led to an economic slowdown. However, a decent start to the corporate earnings season is lifting investors’ optimism. And we think it will not be wise for investors to ignore fundamentally solid stocks such as Pfizer (PFE) and Kroger (KR), currently trading…

StockNews.com · Oct 19, 2022

Tax cuts to cost $11b more than estimate

The federal treasurer says the controversial stage three tax cuts will cost billions more than previously thought as the government faces calls to scrap them.

AAP · Oct 19, 2022

Why the federal government should join the Fed in the inflation fight

Fiscal policy is missing in the battle against rising prices.

Axios · Oct 19, 2022

4 Stocks That Have Taken a Turn for the Worse in 2022

The Fed’s hawkish stance on inflation has raised the likelihood of a recession in the near term. Fundamentally weak stocks Marvell Technology (MRVL), Plug Power (PLUG), Riot Blockchain (RIOT), and Timber Pharmaceuticals (TMBR) have plummeted this year and might witness further downside. So, these stocks could be best avoided now.…

StockNews.com · Oct 19, 2022

2 Industrial Stocks to Avoid or Sell Short Until Further Notice

While demand remained steady, the industrial sector is facing increasing headwinds such as inflation, interest rate hikes, and persistent supply chain disruption. Amid this, we believe fundamentally bleak industrial stocks, Plug Power (PLUG) and FuelCell (FCEL), might be best avoided or sold short. Read on.

StockNews.com · Oct 19, 2022

Like ‘two separate elections.’ How abortion and inflation have taken over California political ads

LOS ANGELES — The congressional election ads bombarding Californians show a sharp dichotomy in priorities — Democrats are laser-focused on abortion access, while Republicans zero in on inflation.

Los Angeles Times · Oct 19, 2022

IRS ups standard deductions, tax brackets due to inflation

Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation

The Independent UK · Oct 19, 2022