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The Latest Breaking News from Inflation

Why PayPal Shares Are Getting Hammered Today

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 6.41% to $78.72. Shares of technology and software companies are trading lower amid an overall market selloff following worse-than-expected US May inflation data.

Benzinga

Fears steak could be taken off menus and supermarket shelves as production costs soar

Farmers, unable to deal with ever-rising costs, are having to slaughter animals when they are smaller, leading to lower-quality meat. Costs have soared due to the inflation and the Ukraine war

Daily Mirror

US inflation hits 40-year high of 8.6% as food, gas and shelter costs rise

Inflation rate sends stock markets into tailspin as S&P 500 falls over 2.6% and Nasdaq down over 3.4%

The Guardian - US

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Mid-Morning Market Update: Markets Open Lower; US Inflation Rate Accelerates to 8.6%

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 600 points on Friday.

Benzinga

Small businesses are facing ‘summer of uncertainty’

Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer

The Independent UK

'Stunningly High': Experts React To 8.6% CPI Inflation, Highest In 40 Years

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 2% on Friday morning after the Labor Department reported an 8.6% increase in the consumer price index in the month, the highest inflation reading in any month since 1981.

Benzinga

US inflation quickens to 40-year high, pressuring Fed and Biden

U.S. inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.

Tribune News Service

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US inflation hits highest rate in four decades at 8.6 per cent over the past year

Consumer price index increase for May surpassed record set in 1981

The Independent UK

Inflation rises 8.6%, the fastest pace in over 40 years

Food and gasoline costs continued to surge last month.

Axios

Sideways Range with Little Change Awaiting CPI Report

The S&P 500 (SPY) has had a strong thrust higher from very oversold levels in late May, and we've enjoyed some nice gains. Since then, we've trended sideways in a relatively tight range. This makes sense as the CPI report is coming on Friday and is expected to reveal whether…

StockNews.com

The Week Ahead: Another step toward the economy standing on its own

The Federal Reserve will be one step closer in the week ahead to ending its current cycle of raising interest rates.

Miami Herald

June Fed meeting preview: Brace for fastest rate hikes since 1994 to battle too-high inflation

Economists like to say interest rates take the elevator down and the staircase back up. The metaphor highlights just how swiftly the Federal Reserve slashes borrowing costs during economic crises — and how gradually the Fed lifts rates when the economy is healing.

Tribune News Service

Eurozone interest rates to rise for first time in a decade

The European Central Bank (ECB) will raise interest rates next month for the first time in 11 years in a bid to control soaring inflation, ending a stimulus scheme to support the economy during the Covid-19 pandemic.

Radio France Internationale

Bargain Hunting? Check Out These 3 Stocks Rated 'Strong-Buy'

The current market sell-off due to the rising inflation and tightening monetary conditions has led some quality stocks to trade at a discount to their peers. Thus, we think cheap stocks EMCOR Group (EME), Korn Ferry (KFY), and Acuity Brands (AYI) could be valuable investments now. These stocks are rated…

StockNews.com

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Benzinga

Fear Of Recession Is Creating A Recession: Apple Analyst Puts Out Theory

The economy has given enough reasons for investors to fret. With higher inflation and slower growth portending further trouble ahead, noted Apple, Inc. (NASDAQ: AAPL) analyst Gene Munster delved into how the economic picture will shape up in the near term.

Liverpool Echo

Knowsley kids may be more likely to be at risk of shrinking food portions if schools downgrade meals

Knowsley Council stressed they have "no plans" to reduce the quality of meals they provide

Birmingham Post

Danske cuts Northern Ireland growth outlook on persistent inflationary cloud

The bank expects economic growth in 2023 of just 1%, down from 1.7% previously

The Independent UK

Biden visiting LA port as high prices persist as threat

President Joe Biden is set to speak at America’s busiest port without having vanquished high inflation

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news in one place.

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Benzinga

A Peek Into The Markets: US Stock Futures Mixed; Inflation Data In Focus

Pre-open movers U.S. stock futures traded mixed in early pre-market trade after the Dow Jones dropped by more than 600 points in the previous session. Investors are awaiting data on consumer prices for the month of May.

WEKU

Inflation soars to an over 40-year high. These are the ways Americans are coping

Consumers are watching their pennies at the gas station and grocery store as consumer prices surged 8.6% in May, pushing the annual inflation rate to its highest in over 40 years.

The Independent UK

Zimbabweans count their toes as inflation soars above 130%

Rampant inflation is making it increasingly difficult for people in Zimbabwe to make ends meet

The Hindu

‘Real estate may see huge investments’

Market experts have reacted to the RBI repo rate revision.

Asharq Al-Awsat

Turkey Caught in a Spiral of Lira Crises

Turkey's lira has lost nearly a quarter of its value this year as soaring inflation and the central bank's reluctance to raise interest rates stoke fears of another currency crisis. No stranger to booms and busts as well as sharp swings in its currency, Turkey has long been considered among…

The Independent UK

Asian shares slip after rate jitters pull Wall Street lower

Shares are mostly lower in Asia, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes

The Hindu

Fitch upgrades India outlook to stable from negative

Pares 2022-23 growth to 7.8%, expects inflation to average 6.9%

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