The Latest Breaking News from Inflation

Oil Rises on Prospects of Less Aggressive US Rate Hike

Oil prices rose on Friday amid prospects of a less aggressive US rate hike, although worries about a recovery in demand capped gains. Brent crude futures for September delivery rose 94 cents, or 1.0%, to $100.04 a barrel by 0630 GMT, while WTI crude rose 63 cents, or 0.7%, to…

Asharq Al-Awsat · Jul 15, 2022

Editorial: The political price: Biden, inflation and the coming election

Inflation this high is very bad for Americans, and especially the Americans who have to pinch pennies to feed their families, write the rent check and fill their gas tanks. And while it’s axiomatic that the economy a president oversees is the economy for which he’s held accountable, it’s also…

Tribune News Service · Jul 15, 2022

Chidambaram says Nirmala Sitharaman should appoint chief economic astrologer, BJP calls it ‘obnoxious’ comment

NEW DELHI: Under attack from its rivals over the economy, the BJP has launched a counter-offensive in order to defend the Narendra Modi government at the Centre.

The Times of India · Jul 15, 2022

Is the Fed Engineering a Recession to Crush Inflation?

The S&P 500 (SPY) declined more following the June CPI report which showed that inflation was worse than expected at 9.1% vs 8.8%. As a result, the odds of a 100 basis point hike at the July meeting and a 75 basis point hike at the September meeting increased. Ironically,…

StockNews.com · Jul 15, 2022

ASX tumbles as iron ore prices slump, and Rio Tinto warns of economic hit from Ukraine war and China slowdown

The Australian share market lost ground weighed down by heavyweight miners after iron ore prices tumbled. Rising business inflation and lower profits at big Wall Street banks weighed down US stocks.

ABC News · Jul 14, 2022

School staff 'skip meals because they can't afford to eat' amid cost of living crisis

Low-paid education staff such as teaching assistants are skipping meals, so they can feed their kids, as 21 million households struggle with rising inflation

Daily Mirror · Jul 14, 2022

G20 talks overshadowed by Ukraine war as host Indonesia seeks consensus

G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by Russia's war in Ukraine or the humanitarian consequences would be catastrophic, host Indonesia said on Friday.

Reuters · Jul 14, 2022

Analysts expect huge Fed rate hike in July

Market analysts expect the US Federal Reserve to hike rates by 75 to 100 basis points at its July meeting to curb US inflation, which rose to 9.1% in June.

Bangkok Post · Jul 14, 2022

Is there upside to political polarisation?

While there are no ironclad laws of politics, two tendencies in the United States -- midterm swings against the incumbent party (the "midterm blues") and the negative electoral effects of inflation and unemployment ("political business cycles") -- come pretty close. US President Joe Biden (whose approval rating has sunk for…

Bangkok Post · Jul 14, 2022

2 Strong Stocks That Have a High Chance of Beating the Market

The Federal Reserve’s upcoming interest rate hikes to combat high inflation are expected to affect the tech industry significantly. However, given the growing reliance on software and continued investments in this space, the industry is poised for a solid rebound. Quality software stocks Veeva Systems (VEEV) and Cadence Design Systems…

StockNews.com · Jul 14, 2022