The Latest Breaking News from Inflation

Failure to raise benefits would be ‘hostile and harmful’, Truss is warned

PM reneging on Conservative promise to increase benefits in line with inflation ‘morally indefensible’, say experts

The Guardian - UK · Sep 30, 2022

Bank of England bonds rescue has two ugly implications: more inflation and an even weaker pound

With UK government bonds and sterling both falling hard in recent days, the Bank of England has been forced to step in. Only a few months after it started tightening monetary policy to fight inflation by raising benchmark interest rates and ending its programme to “create” money through quantitative easing…

The Conversation · Sep 30, 2022

3 Stocks to Add to Your Portfolio Before It's Too Late

The Fed’s determination to bring inflation under control with aggressive rate hikes has led to a stock market sell-off. However, this could be an opportunity to add shares of financially robust companies trading below their intrinsic values. Thus, one could consider adding fundamentally sound stocks Microsoft (MSFT), HCA Healthcare (HCA),…

StockNews.com · Sep 30, 2022

SNP demands Kwasi Kwarteng resigns as Chancellor following reports benefits will be frozen

Ian Blackford claimed that Tory economic policies would leave "millions of families across the UK in deep distress".

Daily Record · Sep 30, 2022

Grocery prices prompt 'trading down' to cheaper alternatives, more awareness of food waste

More grocery shoppers are turning to store brands and frozen food as inflation forces cost-cutting and a drive to reduce personal food waste, recent surveys show.

Tribune News Service · Sep 30, 2022

1 Stock to Avoid as the Fed Attempts to Cool Down the Economy

Shares of online real estate services company Opendoor Technologies (OPEN) have plummeted more than 75% in price year-to-date with the cooling down of the housing market amid rising interest rates. Furthermore, the company is expected to incur huge losses in the upcoming years. Hence, with the Fed signaling aggressive rate…

StockNews.com · Sep 30, 2022

The Week Ahead: Looking for signs of softening

The Federal Reserve building in Washington, D.C. is encased in rock. It’s Creole marble from Georgia. The stone is considered relatively soft, which makes it easier to cut. The marble strikes a majestic image of stability and resoluteness just blocks from the Potomac River.

Miami Herald · Sep 30, 2022

Council leader accused of 'deliberately painting worst case scenario' over growing deficit

Wirral's Greens criticised the handling of council finances but Labour say rising inflation is to blame

Liverpool Echo · Sep 30, 2022

Monthly mortgage repayments could jump by $1000, as RBA weighs another rate hike

Homeowners with a mortgage of $500,000 could be facing monthly mortgage payment increases of just under $1000 by the end of the year

The New Daily · Sep 30, 2022

High inflation, bleak global outlook: Why RBI hiked repo rate by 50 bps

NEW DELHI: A stubbornly high inflation and persistently falling rupee promoted the Reserve Bank of India's (RBI) monetary policy committee (MPC) to raise benchmark lending rates for the 4th time in a row on Friday.

The Times of India · Sep 30, 2022