The Latest Breaking News from Inflation

Pause deductions from benefits to help tackle cost of living crisis, say MPs

Work and Pensions Committee says the clawbacks should only be restored when inflation reduces or if benefits are increased to reflect the cost of living

Wales Online · Jul 26, 2022

IMF downgrades 'gloomy' economy as inflation and rate jitters continue, but ASX trades up

The Australian share market has ended the day at a 20 day high, despite new inflation data showing that shows price hikes are at their highest level in more than 20 years.

ABC News · Jul 26, 2022

Marion Scrymgour calls for ‘grog-free days’ in Northern Territory towns – as it happened

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The Guardian - AU · Jul 26, 2022

Turkey launched an unusual experiment to fight inflation by cutting interest rates. This is how it spectacularly backfired

While many countries around the world are jacking up interest rates in an attempt to curb inflation, Turkey is trying an unorthodox approach: Its central bank is refusing to touch them.

ABC News · Jul 26, 2022

Palantir Stock Is Showing Signs Of Life

Enterprise and government data analytics services provider Palantir Technologies (NASDAQ: PLTR) stock has plummeted nearly (-46%) in 2022. According to its CEO Alex Karp, Palantir thrives in both good and bad times. He claims they predicted inflation and built the Company to had free cash flow, not just growth.

Benzinga · Jul 26, 2022

5 Stocks You'll Want in Your Corner if a Recession Hits

Growing fears over a potential recession due to high inflation and the Federal Reserve’s aggressive interest rate hikes should keep the stock market highly volatile in the upcoming months. However, investors could consider buying relatively stable and dividend-paying stocks Procter & Gamble (PG), AbbVie (ABBV), Abbott (ABT), Caterpillar (CAT), and…

StockNews.com · Jul 26, 2022

Understanding How Stablecoins Have Fared In The Crypto Bear Phase

Cryptocurrencies have long been considered a hedge against inflation and a better alternative to fiat currencies that are susceptible to devaluation concerns. Most cryptocurrencies have significantly underperformed benchmark stock market indices due to liquidity pressures brought about by the tightening of monetary policy by leading central banks such as the U.S.…

Benzinga · Jul 26, 2022

Annual inflation rise is 'confronting'

Inflation rose 1.8 per cent in the June quarter, for an annual rate of 6.1 per cent, the Australian Bureau of Statistics has reported.

AAP · Jul 26, 2022

IMF outlook for world economy could herald dark clouds for Australia

Analysis: Treasurer Jim Chalmers will no doubt reveal inherited budget bungles but he won’t need to look far for new tales of economic woe

The Guardian - AU · Jul 26, 2022

Jim Cramer Slaps Walmart Around, Sets The Stage For Costco, Target And Amazon: 'This Is Not Forgivable'

Walmart Inc (NYSE: WMT) shares are tanking on Tuesday after the company slashed its guidance as a result of high inventory levels and continued inflation pressures.

Benzinga · Jul 26, 2022