The Latest Breaking News from Inflation

Federal Reserve hikes US rates by 0.75% for third straight meeting

Bank of England in the spotlight after US central bank stops short of super-sized 1% hike

Evening Standard · Sep 21, 2022

UK households face £3bn hit if Bank goes ahead with 0.75-points rate rise

Hike in interest rates would be the biggest in 33 years and would heap renewed pressure on borrowers

The Guardian - UK · Sep 21, 2022

Stamp duty cut will benefit UK’s wealthier and raise inflation, say experts

Government warned measure would create housing bubble that does little to benefit first-time buyers

The Guardian - UK · Sep 21, 2022

Explainer: What if US economy goes into recession? How it may impact India

NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

The Times of India · Sep 21, 2022

We need to be told the true climate cost of Schumer and Manchin’s pipeline side deal

Democrats hailed the Inflation Reduction Act as a climate crisis victory – so why the secrecy over an oil and gas pipelines bill?

The Guardian - US · Sep 21, 2022

Can Larry Summers please shut up now?

Former Harvard president has been playing inflation Cassandra on TV for months. Can we hear other views?

Salon · Sep 21, 2022

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK · Sep 21, 2022

Egypt's Central Bank Expected to Raise Interest Rates by 100 Basis Points

Experts and economists agreed that the Central Bank of Egypt (CBE) will raise interest rates during its meeting on Thursday but did not agree on the rate hike. A Reuters poll forecasted that the central bank will raise its overnight deposit rate by 100 basis points (bps) as it tries…

Asharq Al-Awsat · Sep 21, 2022

Fed orders another super-sized interest rate hike as it battles stubborn inflation

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

WEKU · Sep 21, 2022

Pendragon’s average used car price up by almost a third but inflation hits profit

Cost of the average second-hand car rises 32% to almost £19,000 amid shortage of new vehicles

Evening Standard · Sep 21, 2022