The Latest Breaking News from Inflation

The Federal Reserve could raise interest rates to 3.5% by the middle of next year to curb spiralling inflation, tipping the world economy into a recession, according to the Economic Strategy Unit of Tisco Financial Group (Tisco ESU).

Wednesday: Rental prices rise by up to 20.2%, while rent assistance increases only 4.5%. Plus: how life drawing became more inclusive

Here's your TL;DR for this morning's news.

The fashion retailer has warned it will increase costs on its autumn and winter collection

The Senate confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed’s No. 2 post in the midst of the central bank’s toughest fight against inflation in four decades

Winpak Ltd. (TSX:WPK) (OTC:WIPKF) reported first-quarter revenue growth of 22.8% year-over-year to $275.98 million. Selling price and mix changes had a favorable effect on revenue of $51.4 million as the substantial increase in raw material and other costs throughout 2021 resulted in higher selling prices to customers. Gross margin expanded by…

Ecolab Inc (NYSE:ECL) reported first-quarter FY22 sales growth of 13% year-on-year to $3.27 billion, beating the consensus of $3.20 billion. Sales from Global Industrial rose 12%, Global Institutional & Specialty climbed 19%, Global Healthcare & Life Sciences grew 29% Y/Y in fixed currency. Adjusted EPS of $0.82 was in-line with the analyst consensus. Selling,…

The stock market has suffered massive selloffs of late on growing worries about logistical disruptions, rising energy prices, galloping inflation, and forthcoming federal interest rate hikes. While stock price dips can offer attractive entry points to quality names, we think it could be wise to avoid fundamentally weak Grab Holdings…

U.S. economic growth is strong, and the economy and labor market are finally back to firing on all cylinders following the COVID-19 pandemic.

WASHINGTON — Key holdout Sen. Joe Manchin said Tuesday he discussed a tax increase and deficit reduction bill with Senate Majority Leader Chuck Schumer as a way to reduce soaring inflation.

Cadence Design Systems, Inc (NASDAQ:CDNS) impressed analysts post Q1 beat. Baird reiterated Outperform rating on Cadence, adjudging it as a top idea.  All business groups saw strength, with recurring revenues increasing 19% YoY (led by Digital and System Design) and upfront revenues rising 49% YoY.  FY22 outlook raised given 1Q strength, upside in 2Q,…