The Latest Breaking News from Inflation

Asian shares have mostly retreated, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation

IMF slashes growth forecasts for Europe, as pound falls 1.1% to 18-month low after sharp retail sales decline and April PMIs point to much weaker speed of recovery across UK economy

Slowdown in retail sector feared as public gripped by pessimism about the economy as well as personal finances

The Federation of Thai Industries (FTI) is calling on the government to extend the diesel excise tax reduction for another three months to slow soaring energy prices and give businesses and households more time to adjust to higher manufacturing and living costs.

As Asean economies continue their path to safely reopening and getting back to business, they must also manage growing economic challenges and identify how best to seize new opportunities for a resilient, inclusive, and sustainable recovery.

After trillions of dollars of U.S. government stimulus spending since the beginning of 2020 and with inflation running at its highest levels in more than 40 years, some investors are understandably growing concerned that "dollar debasement" is threatening the U.S. dollar's long-standing position as the world's preferred reserve currency.

Concerns over high inflation, supply chain disruptions, and rising COVID-19 cases are expected to keep the stock market volatile for an extended period. While the increased focus on domestic production should help the economy recover, the rate is expected to decelerate. Therefore, large-cap growth stocks Snowflake (SNOW), PayPal (PYPL), DoorDash…

Swiss food and beverage corporation Nestle has said it is battling steep cost inflation, which is expected to result in higher prices for Brit lovers of the brand's cereals and chocolate bars

The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May