The Latest Breaking News from Inflation

First-time buyers see hopes destroyed amid rising interest rates and higher rents

The property market is set to weaken from the bottom up as people struggle to climb onto the housing ladder, economists warn

The Independent UK · Oct 8, 2022

Investors: STOP the INSANITY!

Lets talk about the #1 mistake made by investors during a bear market. Better yet, let’s solve this problem by explaining how easy it is to actually make trading profits during a bear market. Remember the definition of insanity is doing the same thing expecting a different result. So lets…

StockNews.com · Oct 7, 2022

Where is the Bottom for this Bear Market?

Bounces will pop up here and there as they did this past week...but don’t think for a second that this bear market is over because the Fed is not yet done with their mission to tamp down the flames of recession. When all is said and done we will have…

StockNews.com · Oct 7, 2022

Consumers to ditch cafes for coffee at home amid rising prices, says ICO

Consumers will choose drinking coffee at home over cafes and restaurants due to rising inflation and risks of recession in coming months, the executive director of the International Coffee Organization (ICO) said on Friday.

Reuters · Oct 7, 2022

What Friday's jobs report means for Fed's inflation fight

For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose

The Independent UK · Oct 7, 2022

Survey: Odds of a US recession by mid-2024 now hit 65%

The U.S. economy’s odds of avoiding a recession are narrowing — and quickly.

Tribune News Service · Oct 7, 2022

City clerk, treasurer defend 20.5% pay hikes

The annual salaries for the two positions have been frozen at $133,545 since 2005. Mayor Lori Lightfoot’s proposed budget includes pay raises for both citywide elected officials while keeping the mayor’s salary at $216,210.

Chicago Sun-Times · Oct 7, 2022

'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September.

Benzinga · Oct 7, 2022

Easy guide to capital gains tax on sale of residential property

Selling a residential property is no easy task. It involves a lot of research on the best price to quote, a good broker, on checking how genuine the prospective buyer is etc. What’s even more confusing is what is the kind of money you need to pay, as taxes to…

The Times of India · Oct 7, 2022

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK · Oct 7, 2022