The Latest Breaking News from Inflation

Early Liz Truss comments on scrapping benefits stoke fears of further cuts

Proposals from 1995 condemning ‘recycling’ of taxpayers’ money add to concerns for universal credit increase

The Guardian - UK · Sep 30, 2022

US Democrats' gains stall six weeks before midterm elections; UK Labour seizes huge lead after budget

The United States midterm elections will be held in six weeks, on November 8. All 435 House of Representatives seats are up for election, as well as 35 of the 100 senators. Democrats won the House by 222-213 in 2020, and hold the Senate on a 50-50 tie with Vice…

The Conversation · Sep 30, 2022

RBI hikes repo rate by 50 bps to 5.9%; pegs GDP growth at 7% for FY23

NEW DELHI: The Reserve Bank of India (RBI) on Friday raised benchmark lending rates for the 4th straight time in a row, in a bid to tame the soaring inflation.

The Times of India · Sep 30, 2022

ASX 200 takes a battering in September with it losing 7.5pc in a month

It tracks a broad global sell-off, as recession fears mount in the US as its Federal Reserve fails to temper fears about more rate hikes.

ABC News · Sep 29, 2022

H&M could soon charge you for returns

Inflation and rising shipping costs has forced retailers to implement return fees

The Independent UK · Sep 29, 2022

2 Dividend Stocks to Double up on This Week

The stock market has been experiencing heightened volatility lately on concerns over the Fed’s aggressive rate hikes to tame record-high inflation and growing recession odds. Amid an uncertain market environment, investors increasingly take refuge in dividend stocks to ensure a steady income stream. Hence, it would be wise to invest…

StockNews.com · Sep 29, 2022

The Fed's Preferred Inflation Number Is Coming Friday: PCE Preview

An important inflation reading for the Federal Reserve is coming Friday, with the Bureau of Economic Analysis set to release the Personal Consumption Expenditures (PCE) price index data for August.

Benzinga · Sep 29, 2022

Kwasi Kwarteng raises prospect of real-terms benefits cut despite tax boost for rich

The under-fire Chancellor said it would be "premature" for him to "come to a decision" on increasing benefits in line with inflation amid the economic turmoil

Daily Mirror · Sep 29, 2022

How do we know when a recession has begun? Looks for these signs

The economy shrank in the first half of this year, underscoring fears of a broad-based slowdown that could lead to a recession

The Independent UK · Sep 29, 2022

Analysis-French paying dearly to keep inflation 'poison' at bay - for now

Belgian motorists are crossing the border into France to fill up on subsidised fuel that costs the Treasury billions of euros and is designed to shield French households from the full inflationary pain felt in some neighbouring countries.

Reuters · Sep 29, 2022