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The Latest Breaking News from Inflation

Australia hikes interest rates in potential election shakeup

Reserve Bank of Australia’s move means millions of Australians face higher repayments on their home loans.

Al Jazeera

Unite strike: Further disruption to council services expected in parts of NI this week

Unite members are striking after rejecting a 1.75% pay increase amid soaring inflation

Belfast Live

Train drivers could strike for first time in 20 years amid cost-of-living fears

Meanwhile, Post Office workers stage national strike over pay today

Insider UK

From analysis to the latest developments in health,
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‘I can’t see it getting any better’: could the UK be heading for a recession?

Small business owners are already being hit as consumers cut back on non-essentials

The Guardian - UK

Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010

Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election

The Guardian - AU

Australian central bank decides first rate hike in 11 years

Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years

The Independent UK

RBA lifts cash rate, warns of more to come

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

AAP

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In an election budget, Victorian treasurer Tim Pallas is fighting a war on many fronts

Analysis: To fight his way back to surplus, Pallas relies on economic growth rather than spending cuts or increased taxes

The Guardian - AU

Asian shares mixed in light 'Golden Week' trading

Asian shares are mixed in light “Golden Week" trading with markets in China, Japan and some other countries closed for holidays

The Independent UK

Small changes to save hundreds on food shop as Asda boss warns prices could surge

Consumer rights experts share ways you can reduce your bill amid the cost-of-living crisis

Liverpool Echo

Victorian budget 2022 piles on debt to pump money into strained health system, education

Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into education and transport, all while it attempts to claw back a modest surplus in just four years.

ABC News

Possible Australian rate hike puts cost of living in focus in election campaign

Australia's ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison's re-election efforts.

Reuters

Why Today’s Market Differs from the Stagflationary Stock Market Seen in the 70s

Monday stocks retested the S&P 500’s (SPY) lowest levels of the 2022 correction. Yes, shares bounced higher into the open. Unfortunately that tells us nothing about what comes next. So let's explore what is causing stocks to push to new lows...what the tea leaves say about where stocks go from…

StockNews.com

ANZ and CBA to raise after central bank decision – as it happened

This blog is now closed

The Guardian - AU

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ABC News

Federal election: Scott Morrison defends rate rise as proof of economic recovery, as Labor says his credentials are 'shredded'

Shadow Treasurer Jim Chalmers is quick to criticise the federal government's economic management, saying today's interest rate rise will negatively impact millions of Australians.

StockNews.com

3 Red-Hot Momentum Stocks to Buy in May

The benchmark indices closed the last month in the red. The market was weighed down by the raging inflation and fear of the Fed’s policy changes. Amid this, fundamentally strong stocks Enerplus (ERF), Athabasca Oil (ATHOF), and Transportadora de Gas (TGS), have gained significant momentum despite the market turbulence.

WEKU

Kentucky drops in national rankings for teacher pay, student spending

A new report shows Kentucky dropping slightly in national rankings for teacher pay.

Glasgow Live

ScotRail drivers could strike for first time in 20 years after pay talks collapse

Aslef met with ScotRail on Monday to discuss a pay increase amid rising inflation and the cost-of-living crisis. While other sections of ScotRail staff have gone on strike in recent years, the move would be a first in two decades for drivers.

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news in one place.

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Bristol Post

Post Office staff on strike across Bristol in pay dispute

Bosses have offered a two per cent rise, but inflation is soaring at eight per cent

The Independent UK

Less than half of Americans have confidence in economic performance of Joe Biden or Jerome Powell, new poll finds

Confidence in Biden, Federal Reserve Chariman Jerome Powell and Democratic leaders fell by double digits from the previous year

StockNews.com

2 Best Stocks Under $2 to Buy This Month

Stocks trading in single digits are often overlooked. This is a mistake, as investors often miss out in getting involved in high-quality stocks with solid growth trajectories. We believe Gran Tierra (GTE) and GEE Group (JOB) are two of these stocks and deserve your attention now.

AAP

Rate hikes needed to curb inflation: RBA

Reserve Bank governor Philip Lowe has warned that without increases in interest rates, inflation will be a lot higher than present.

The Guardian - AU

Unions eye pay rises that reflect inflation as Queensland public sector agreements expire

Teachers, nurses, police officers and transport workers all have agreements set to end this year

The Guardian - AU

Interest rate rise: who makes the high-stakes decision and how does it get made?

The RBA is considering raising the official cash rate for the first time since 2010 and the outcome will have big ramifications for the federal election

The Guardian - US

Met Gala organizers face criticism for ‘Gilded Glamor’ theme amid inflation

Theme pays homage to period of prosperity, industrialization and growth in US from 1870 to 1890, leading some to call it ‘out of touch’

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