Social Security recipients expected to get big benefit boost Millions of Social Security recipients will soon learn just how high a boost they’ll get in their benefits next year The Independent UK · Oct 13, 2022
Little sign of relief expected in September inflation data Any Americans hoping for relief from months of punishing inflation might not see much in Thursday’s government report on price increases in September The Independent UK · Oct 13, 2022
Alibaba, Nio Shares Fall: Hang Seng Merely 350 Points Away From 2009 Lows Hong Kong stocks opened in the red on Thursday as investors shifted focus to U.S. inflation data due later in the day. The benchmark Hang Seng opened 1.11% down and was last seen trading at 16,538, just nearly 350 points away from hitting its 2009 lows. Benzinga · Oct 13, 2022
Bitcoin, Ethereum Gain, Dogecoin Down After Fed Minutes: Analyst Says 'Quiet Period For Crypto About To End' Bitcoin and Ethereum were seen trading in the green on Wednesday evening as the global cryptocurrency market cap stayed largely flat at $921.5 billion at 9:16 p.m. EDT. Benzinga · Oct 13, 2022
Poorer families risk £1,000 hit from earnings-related benefits rise Below-inflation rise would save exchequer tenth of £40bn to be given out through tax cuts, says thinktank The Guardian - UK · Oct 12, 2022
Families with children ‘to be hit hardest if benefits are uprated by earnings’ Nine million households containing 30 million people will be affected if benefits rise in line with earnings, according to the Resolution Foundation. The Independent UK · Oct 12, 2022
Treasurer Jim Chalmers warns of US recession prior to meeting with G20 counterparts Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts. ABC News · Oct 12, 2022
Labour pledges cheap broadband tariff for low-income families In government, party says it would stop inflation-busting price rises and take action on mid-contract hikes The Guardian - UK · Oct 12, 2022
H&M could soon charge you for returns Inflation and rising shipping costs has forced retailers to implement return fees The Independent UK · Oct 12, 2022
The Fed Is Skating To Where The Puck Was: Comparisons To Volcker's 1980s Inflation Are 'Conceptually Wrong,' Says This Economist Unbeknownst to many, the gift for the 43rd anniversary of marriage is entertainment; to stretch it further, this fall marks the 43rd anniversary of a pivotal event in the history of the Federal Reserve and the U.S. economy. Benzinga · Oct 12, 2022
Forget Gas Prices: Dating Is Why People Are Going Broke In 2022 It’s not breaking news that gas prices, rent, food and virtually everything else are more expensive than it was just a year or two ago. Benzinga · Oct 12, 2022
3 Consumer Stocks to Sell Before Their Shares Tank Even More In response to rising inflation and concerns over a potential recession, consumers are cutting back on their discretionary spending. Therefore, we think fundamentally weak consumer discretionary stocks Roku Inc. (ROKU), The Beachbody Company (BODY), and Vinco Ventures (BBIG) are best avoided now. These stocks have lost significant momentum over the… StockNews.com · Oct 12, 2022
Fed Minutes Warn Investors Interest Rates May Be Higher For Longer Inflation remains the central bank's top priority, according to the September meeting minutes released Wednesday by the Federal Open Market Committee. Benzinga · Oct 12, 2022
Cliff edge looms for UK’s financial system BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in The Guardian - UK · Oct 12, 2022
The Independent UK · Oct 12, 2022 Fed voiced determination at last meeting to curb inflation Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for a third straight time and signaling more large rate hikes ahead
Tribune News Service · Oct 12, 2022 Survey: Experts see massive hiring slowdown and surging unemployment a year from now Employers have added 3.5 million jobs so far this year, among the fastest pace in 28 years and a remarkable feat considering the number of headwinds powerful enough to knock hiring off course — from boiling inflation to the fastest Federal Reserve rate hikes in four decades.
Tribune News Service · Oct 12, 2022 Biden administration says inflation is national, global security threat WASHINGTON — The Biden administration cited inflation — Democrats’ biggest political liability — as a national and global security threat, less than a month before midterm elections that will decide control of Congress.
Tribune News Service · Oct 12, 2022 Survey: Fed’s inflation fight will take interest rates to highest since 2007 The Federal Reserve is expected to lift interest rates to the highest level since 2007 in its intense quest to battle the hottest price surge in four decades, according to the nation’s top economists.
The Independent UK · Oct 12, 2022 Biden hit on economy as more say finances poor: AP-NORC poll More U.S. adults are now feeling financially vulnerable amid high inflation
The Guardian - AU · Oct 12, 2022 As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession Limp growth would normally require fiscal stimulus, yet concerns about inflation mean we’re unlikely to see a big-spending budget
Axios · Oct 12, 2022 Social Security recipients will likely get the biggest payment boost in more than 40 years Prices have risen at a blistering pace — a huge blow for Social Security recipients facing rising costs for food, medical care and other expenses.
WEKU · Oct 12, 2022 Money is 'A Made Up Thing' — but that doesn't change rising inflation Author and podcaster Jacob Goldstein says we don't think of money as a technology, but we should. He traces the first paper currency to China's Sichuan province, and ponders the Fed's next move.
Benzinga · Oct 12, 2022 Inflation Is Still Running Hot As US Producer Prices Rise: What You Need To Know U.S. producer prices jumped more than economists had expected last month despite the Federal Reserve's aggressive response to runaway inflation. What Happened:
Edinburgh Live · Oct 12, 2022 State Pension Triple Lock rule to be introduced in 'usual way' until end of Parliamentary term Since 2010, the full annual amount of the basic State Pension has risen by over £2,300 - and the Department for Work and Pensions (DWP) will announce the uprating in November.
The Guardian - UK · Oct 12, 2022 A Tory U-turn on benefit cuts can’t reverse the colossal damage already done A rise in line with inflation would be the bare minimum – Tory policies have been targeting Britain’s poorest people since 2010, says Guardian columnist Frances Ryan