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The Latest Breaking News from Inflation

Inflation rise blamed by Simply Be, JD Williams and Jacamo owner N Brown for revenue decline

N Brown added that its earnings expectations for its full year remain unchanged

Birmingham Post

An extra 60,600 Australians found work in May. Here's why wages aren't moving much

The rate of unemployment remained steady at 3.9% between April and May.

The Conversation

Asos sees 'significant' rise in shoppers returning orders as UK inflation soars

Customers spending less in cost of living crisis

Wales Online

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Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK

Bank of England poised to hike interest rates to 1.25% in battle against inflation

Base rate of interest currently stands at 1 per cent - its highest point in 13 years

The Independent UK

Bank of England says inflation will hit 11% after raising interest rates to 13-year high – as it happened

UK central bank has raised interest rates to 1.25%, warned inflation will exceed 11% in autumn, and cut growth forecast for this quarter

The Guardian - UK

FTSE 100 Live: Bank of England rates rise decision, ASOS warns on profits

The Bank of England today increased interest rates by 0.25% as policymakers continue efforts to tame inflation.

Evening Standard

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Asia shares mixed after Fed assurance on rates lifts Wall St

Asian shares are mixed after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation

The Independent UK

Revlon, facing high debt and supply chain pain, files for bankruptcy

NEW YORK: Revlon Inc filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation.

The Times of India

Fed's aggressive rate hikes raise likelihood of a recession

Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it

The Independent UK

Curve flattening bond trade in SE Asia Is set to get hotter

Long bonds in Southeast Asia are set to outperform shorter-dated notes as policy makers turn more hawkish, turning the curve flattening trade into a hot bet.

Bangkok Post

UK food price rises could hit 15% over summer, report says

Ukraine war, China lockdowns and Brexit help push up inflation, with products that rely on wheat worst hit

The Guardian - UK

Minimum wage rise will 'flow up' to all workers and fuel inflation, businesses warns

It may be good news for those on the receiving end, but business groups warn the minimum wage rise announced yesterday will flow on to other workers, adding "fuel to the inflation fire".

ABC News

US Federal Reserve hikes interest rates 0.75% to curb inflation

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian…

France 24

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ABC News

ASX rally fizzles out as US Federal Reserve hikes key interest rate, and Australian dollar surges above 70 US cents

Australian stocks lose their gains despite a rise on Wall Street after the US Federal Reserve increased official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally. And the national unemployment rate stayed steady…

Bangkok Post

Inflation, rate hikes to hit housing sector

The Housing Finance Association expects rising inflation and interest rate hikes to dampen demand for property and mortgages this year.

Bangkok Post

How far should interest rate hikes go?

No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will…

The Independent UK

This is how a higher Fed rate could affect your finances

Record low-interest mortgages are long gone

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Reason

Instead of Helping Americans Battle Rising Prices, Biden Escalates 'Big Oil' Blame Game

Removing tariffs could save American households $800 this year. What is the White House waiting for?

The Guardian - US

‘Slamming on the brakes’: economists react to the Federal Reserve’s rate hike

Some economists say it will take an economic contraction and higher unemployment to bring inflation down

The New Daily

Alan Kohler: Albanese’s note to self – Don’t get blamed for the Morrison crises

Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different.

The New Daily

Minimum wage increase a rare bright spot for workers

The Fair Work Commission decision to increase the minimum wage by 5.2 per cent is a rare bright spot for workers in what has been a terrible decade.

Benzinga

Fed Chair Powell: Another 0.75% Rate Hike On The Table For July

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994.

Los Angeles Times

How will the Fed interest rate hike affect you?

Consumers are already paying more for gas, groceries and everyday items, but they should expect to fork over more in other parts of their lives after Wednesday’s interest rate increase.

StockNews.com

4 ETFs to Bet on Another Market Crash

Recession fears have been rising with inflation running at a 40-year high and the Fed’s potential monetary policy tightening. The World Bank has recently warned of a recession and slashed its global growth forecast, adding to investors’ worries. Therefore, ETFs that perform well in a bear market, Direxion Daily S&P…

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