The Latest Breaking News from Inflation

Enact historic bill to fight climate change to benefit America — and Illinois

More so than most other states, Illinois has projects on tap that are more than shovel-ready and primed for federal dollars.

Chicago Sun-Times · Aug 5, 2022

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

WEKU · Aug 4, 2022

Poor parents 'priced out' of keeping kids fit as sports clothes prices soar

It comes as the Bank of England warned inflation will skyrocket to 13% by October. It will be the first time since records began in the 1960s that household incomes have fallen for two years in a row.

Daily Mirror · Aug 4, 2022

Rishi Sunak wins over Sky audience as he says public don't care about his bank account

Challenged over whether his wealth made him difficult for the public to relate to, Mr Sunak responded: "I think people judge people by their character rather than their bank account"

Daily Mirror · Aug 4, 2022

Truss insists recession not inevitable as Sunak warns she will make things worse

Rishi Sunak warned pouring ‘fuel on the fire’ could create ‘misery for millions’ as he hit out at his Tory leadership rival’s plans.

The Independent UK · Aug 4, 2022

Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”

The Independent UK · Aug 4, 2022

Schumer announces Senate vote for major climate and healthcare bill on Saturday

The motion to proceed tees up the final vote for Democrats’ climate and health care.

The Independent UK · Aug 4, 2022

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

The Hindu · Aug 4, 2022

The Week Ahead: Investors look ahead of today’s inflation as more rate hikes loom

It has been almost five months since the Federal Reserve turned its full attention and force of action toward fighting inflation. We may see if it’s having any material effect with the July inflation data released in the week ahead.

Miami Herald · Aug 4, 2022

Bank Of England Raises Rates Again, Says UK Is Entering Recession: Will The US Fed Follow Suit?

The Bank of England has now raised rates at six consecutive meetings to try and combat the U.K.’s rampant inflation. Its interest rate now stands at 1.75%. 

Benzinga · Aug 4, 2022