What does inflation mean for you? Cost of living crisis continues to bite as energy bills, fuel and food prices climb The Independent UK · Sep 29, 2022
Opinion: With mortgage rates and the economy it’s better to plan and calculate than take a risk "Many of the inflationary pressures are temporary and have a cause, which can be remedied with the right appetite" Birmingham Post · Sep 29, 2022
Bulgaria to hold election overshadowed by war in Ukraine Bulgarians will go to the polls for the fourth time in less than two years in a general election overshadowed this time by the war in Ukraine, rising energy costs and galloping inflation The Independent UK · Sep 29, 2022
Market Wrap: Volatility continues with pound’s flash-crash and a bearish US dollar Volatility expected to remain heightened (in ‘both directions’) until the Fed manages to get inflation back under control. The New Daily · Sep 29, 2022
Inflation and demand for social care leaves Bristol City Council needing to find £31m Council bosses are warning some services could be reduced next year in order to balance the books Bristol Post · Sep 29, 2022
Government is ‘absolutely committed’ to pensions triple lock – Kwarteng Inflation is expected to be by far the highest triple lock factor this year, potentially putting pensioners in line for an increase of 10% or more. The Independent UK · Sep 29, 2022
What is happening to the economy explained - from mortgages to pensions Chancellor Kwasi Kwarteng's mini-Budget kick-started a chaotic chain of events that are now affecting everything from mortgages to pensions, with many homeloans pulled from the market and deals cancelled Daily Mirror · Sep 29, 2022
2 Earnings Winners to Scoop Up During the Bear Market The bear market has been brutal. Given the trend in inflation and weakening economy, it's unlikely to end soon. For investors, the best strategy is to use the adverse market conditions to scoop up stocks that have a long-term history of compounding earnings. Therefore, investors should consider buying Builders FirstSource… StockNews.com · Sep 29, 2022
DWP benefit claimants issued warning as MPs suggests payments may not rise with inflation Those who receive DWP benefits such as Universal Credit, Job Seekers Allowance and Pension Credit have been issued a warning as UK Government ministers suggest that payments may not rise with inflation rates. Glasgow Live · Sep 29, 2022
Why hurricane preparation is so costly for low-income people Inflation is making hurricane preparedness more difficult for Florida's cost-burdened households. Axios · Sep 29, 2022
Memories of the 1970s haunt the Fed, pushing its aggressive rate moves The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking. WEKU · Sep 29, 2022
Financial markets are a mess around the world. Fingers are pointing at the Fed Customarily, the Fed and other central banks do as much as they can to keep markets calm. This time they're the reason behind the volatility. WEKU · Sep 29, 2022
Liz Truss called out by Bristol radio presenter for giving 'scripted answers' The Prime Minister hasn't been in the media since the government announced a series of tax cuts in its 'mini budget' on Friday Bristol Post · Sep 29, 2022
Commentary: How Fed-induced inflation is battering your wallet A common sound bite today is that the Federal Reserve’s recent interest rate hike is pushing the nation toward recession. But that’s like beginning a book on page 813. The origin of today’s economic malaise is prolonged and massive federal budget deficits, combined with a Fed willing to finance those… Tribune News Service · Sep 29, 2022
The Guardian - UK · Sep 29, 2022 Next boss warns of second cost of living crisis in 2023 as pound slumps Simon Wolfson says currency crisis means inflation, which has soared because of energy prices, may be worse next year
Bangkok Post · Sep 29, 2022 Baht leads declines among weak Asian currencies Most emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high.
The Independent UK · Sep 29, 2022 Minister suggests benefits may not be uprated in line with inflation Government departments have been reportedly asked to make plans for efficiency savings
Al Jazeera · Sep 29, 2022 Is a global recession coming? More experts are raising the alarm Figures including the head of World Trade Organization and Paul Krugman are expressing concern about economic outlook.
Bangkok Post · Sep 29, 2022 Bank of Thailand 'ready' to adjust tightening pace The Bank of Thailand (BoT) is ready to adjust the pace of tightening monetary policy if needed and would be prepared to hold an off-cycle meeting if necessary, governor Sethaput Suthiwartnarueput said on Thursday.
The Guardian - AU · Sep 29, 2022 Australia’s inflation rate eases slightly to 6.8% in August thanks to modest fuel price rises Consumer prices rose 7% in the year to July before easing in August, with construction and fruit and vegetables the largest contributors
The Guardian - AU · Sep 29, 2022 PM indicates timeframe for Indigenous voice referendum – as it happened This blog is now closed
ABC News · Sep 29, 2022 Annual inflation was 6.8 per cent in August, says Bureau of Statistics New data show annual inflation was 6.8 per cent in August, down from 7 per cent in July.
Wales Online · Sep 29, 2022 Ministers could scrap inflation-linked benefits rise amid economic turmoil Treasury minister Chris Philp has refused to commit to an expected uprating of benefits in line with inflation
Reuters · Sep 29, 2022 Nationwide strike disrupts France's energy sector as social tensions grow A nationwide strike on Thursday disrupted the French energy sector, taking a large chunk of the nuclear production offline, as workers push for a pay hike amid rising tensions between unions and the government over a planned pensions reform.
Bangkok Post · Sep 28, 2022 Borrowers hit as rates increase again The Bank of Thailand on Wednesday raised the policy rate by 0.25 percentage points to 1%, in a bid to tame high inflation amid an uneven economic recovery.