The Latest Breaking News from Inflation

Jim Chalmers delivers 'confronting' economic update following latest inflation hike — as it happened

The Federal Treasurer backs long-term wages growth, untangling supply chain issues and helping with childcare costs to help lift Australia's economy as the nation grapples with the largest increase in cost-of-living pressures in two decades — as it happened.

ABC News · Jul 28, 2022

A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession

The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.

The Conversation · Jul 28, 2022

Sen. Manchin backs $369 billion energy-climate plan, rejects SALT

WASHINGTON — Sen. Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

Tribune News Service · Jul 28, 2022

Bill Shorten says robodebt royal commission set to start this year – as it happened

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The Guardian - AU · Jul 27, 2022

After spiking earlier talks, Manchin agrees to a new deal on climate and taxes

The agreement is a major reversal for Democrats who had narrowed their ambitions for the package to addressing looming lapses in the Affordable Care Act and changes to prescription drug prices.

WEKU · Jul 27, 2022

Build Back Manchin: Democrats reach deal on major climate and health care bill

Manchin billed the legislation as the Inflation Reduction Act.

The Independent UK · Jul 27, 2022

McDonald's prices rise for first time in 14 years including burgers and McFlurry

McDonald's has confirmed that it will be increasing the cost of products from across its menu, including burgers and nuggets, with some not seeing a price rise in 14 years

Glasgow Live · Jul 27, 2022

The Loop: 'Incredibly disturbing' Closing the Gap data, more bad inflation news, and how much for biggest pink diamond in 300 years?

Here's your quick catch-up for this morning's news.

ABC News · Jul 27, 2022

Fed's rate rises might have way to go yet

By the time this article is published, readers will know how much the US Fed funds rate has been raised for the fourth time this year. It does not really matter whether the rate is raised by 0.75% or 1% this time because the Fed will need to keep raising…

Bangkok Post · Jul 27, 2022

Morning mail: challenges ahead amid soaring inflation, US lifts interest rate, farewell to Ramsay Street

Thursday: Treasurer trims economic growth prediction amid warnings the world is ‘on the edge’ of global recession. Plus: a deep dive into colonic irrigation clinics

The Guardian - AU · Jul 27, 2022