The Latest Breaking News from Inflation

The Fed Saw a Split Vote In Its Last Meeting. Those Who Favored a Hike Have Come Out To Say Action Is Needed Now

Federal Reserve officials who voted in favor of an interest rate hike this past meeting said action is needed to fend off inflation.

International Business Times · Jul 31

US Mortgage Rates Hit Highest Level in a Year as Fed Uncertainty and Iran Tensions Loom

U.S. mortgage rates climbed to their highest level in a year, with the average rate on a 30-year fixed mortgage rising to 6.66% for the week ending July 30, according to Freddie Mac’s Primary Mortgage Market Survey released Thursday.

Benzinga · Jul 31

Gold prices and long-term value: What you should know

Learn what influences gold prices, why gold is often considered a hedge against inflation, and how it can also support short-term financial needs through a gold loan.

The Economic Times · Jul 31

Euro zone inflation ticks up in July, bolstering rate hike case

Euro zone inflation increased to 2.9% in July, driven by higher oil prices. Underlying inflation also accelerated, indicating broader price pressures are building. The European Central Bank is signaling another interest rate hike is likely soon. Economic growth remains robust, easing concerns about the impact of rate increases. Financial markets…

The Economic Times · Jul 31

Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Gain Amid Cooler June PCE Inflation Data and Slower-Than-Expected Q2 GDP—Apple, Amazon, Coinbase in Focus (UPDATED)

(Editor’s note: The ETFs data was updated.)

Benzinga · Jul 31

Global Market: Euro zone, US bond yields log biggest monthly rise since March on Middle East inflation concerns

Euro zone and US bond yields recorded their largest monthly increase since March as Middle East conflict concerns renewed inflation fears. Traders pushed back interest rate cut expectations, with Germany’s 10-year yield rising 28 basis points in July and US 10-year Treasury yields advancing 22.5 basis points despite a Friday…

The Economic Times · Jul 31

Australia’s fuel discount is ending. What does this mean for petrol prices?

Australians are bracing for more pain at the fuel pump, with the federal government set to scrap its fuel excise discount this Sunday.

The Conversation · Jul 31

Global Market: BoE outlines inflation, growth paths under three economic scenarios after holding rates

The Bank of England kept its benchmark interest rate unchanged at 3.75% and outlined three economic scenarios for the UK, with its central forecast projecting inflation to fall below the 2% target over the medium term as economic growth gradually strengthens.

The Economic Times · Jul 31

Global Market: BOJ keeps rates unchanged, signals readiness for further hikes as yen remains under pressure

The Bank of Japan maintained its key interest rate at 1% on Friday. This decision followed government intervention to support the weakening Japanese yen. The central bank signaled potential future rate increases if inflation risks intensify. Its economic growth forecast for fiscal 2026 was upgraded in a quarterly report. Underlying…

The Economic Times · Jul 31

Gold on track to end four-month slump as investors weigh Fed signals

Gold prices are poised for their first monthly gain in five months. Investors are assessing the impact of the U.S.-Iran conflict on global markets. The Federal Reserve's signals are being parsed for clues on inflation and interest rates. Global gold demand remained steady year-on-year as central banks increased purchases. Other…

The Economic Times · Jul 31