The Northern Agenda: The towns crippled by inflation as soaring costs widen North-South divide Lancashire hit hardest by rising prices for energy and groceries Manchester Evening News · Jul 14, 2022
First Thing: Biden battered by inflation and low approval ratings The economy, energy prices and upcoming midterms weigh heavily on the president during his Middle East trip. Plus, House committee argues Capitol attack was premeditated The Guardian - UK · Jul 14, 2022
Economists: More rate hikes won't help After June's inflation numbers, the Fed is likely to push rates higher — at the risk of sparking a recession Salon · Jul 14, 2022
Russia's war to keep hitting EU economy, push up inflation European Union expects Russia’s war in Ukraine to wreak havoc with the economic recovery for the foreseeable future through lower annual growth and record-high inflation The Independent UK · Jul 14, 2022
Trump blames inflation on Democrats "Our Country is so weak right now because the Radical Left Democrats have no clue what they are doing," Trump said Salon · Jul 14, 2022
Wholesale price rise eases to three-month low at 15.2% in June Food inflation surges; no change in overall price levels month-on-month The Hindu · Jul 14, 2022
Israel Inflation Rate Seen Reaching 14-Year High of 4.5% In June Israel's inflation rate in June is expected to reach its highest level in nearly 14 years and maintain pressure on policymakers to keep raising interest rates aggressively. The consumer price index (CPI) in June was likely 4.5% higher than a year earlier, according to a Reuters poll of economists. That… Asharq Al-Awsat · Jul 14, 2022
Cost-of-living crisis: North-south divide widening as inflation 30% higher in poorer areas Poor home insulation and greater car reliance means northern workers are now £340 a year worse off than southern counterparts, report says The Independent UK · Jul 14, 2022
Thai stock investor mood at 11-month low on Fed, inflation Investor confidence in the Thai stock market has hit an 11-month low on concerns about the US Federal Reserve's fast monetary tightening policy, global inflation and Covid-19 infections, a capital markets group said on Thursday. Bangkok Post · Jul 14, 2022
FTSE 100 Live: JP Morgan earnings fall short, big US rates rise expected Financial results from JP Morgan Chase and Morgan Stanley fell short of expectations as inflation and interest rate pressures hit the US economy. Evening Standard · Jul 14, 2022
Shares, pound and oil slide as recession fears mount – as it happened Anxiety over global slowdown knocks sterling to a two-year low, as oil falls to its levels when the Ukraine war began The Guardian - UK · Jul 14, 2022
Poll: Asian FX bear market firms, short bets rise on Thai baht Bearish bets on nearly all Asian currencies firmed to new multi-year highs, as fears of an impending recession from rapidly rising interest rates to rein in sky-high inflation dampened sentiment, a Reuters poll showed on Thursday. Bangkok Post · Jul 14, 2022
Canada has raised interest rates by 1 percentage point. Could Australia follow? As central banks scramble to fight inflation, with Canada's 100-basis-point interest rate rise the latest and largest move, a leading economist warns they may push the world into recession. ABC News · Jul 14, 2022
Asian stocks up after US inflation fuels rate hike fears Asian stock markets are higher after a rise in U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth The Independent UK · Jul 14, 2022
The Guardian - US · Jul 14, 2022 Biden, on Middle East tour, is battered by inflation and low approval ratings at home The sobering numbers, caused by high energy prices, will be top of the agenda as president visits the Middle East
Al Jazeera · Jul 14, 2022 Singapore, Philippines tighten monetary policy on inflation fears Moves come after interest rate hikes by South Korea and New Zealand a day earlier.
The Guardian - UK · Jul 14, 2022 With tax cuts pledges galore, the Tories are out of touch with economic reality Labour would never be allowed to get away with the fantastical rhetoric of these Conservative leadership contenders, says Guardian economics editor Larry Elliott
Asharq Al-Awsat · Jul 14, 2022 Oil Prices Rise Ahead of Potential Large US Rate Hike Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large US rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400…
The Guardian - AU · Jul 14, 2022 Global recession risk rising as economic outlook ‘darkens significantly’, IMF says Cost-of-living crisis ‘only getting worse’ says IMF chief Kristalina Georgieva, predicting a tough 2022, and ‘even tougher 2023’
Bangkok Post · Jul 14, 2022 Philippines surprises with big rate hike to cool inflation The Philippine central bank unexpectedly raised its key interest rate by 75 basis points, after policy makers previously downplayed the need for large hikes to quell the fastest inflation in nearly four years.
The Times of India · Jul 14, 2022 Rupee hits fresh low of 79.64/$ at close as FIIs continue to exit MUMBAI: The rupee weakened by four paise to close at a new low of 79.63 in the foreign exchange market on Wednesday. The currency opened strong at 79.55. Dealers said that June inflation numbers coming in at 7.01%, which was better than expected, was a positive.
Tribune News Service · Jul 14, 2022 Reconciliation talks complicated by ‘SALT’ tax hurdle WASHINGTON — Democrats’ demands for changes to the tax code are threatening to complicate efforts to pass a slimmed-down budget reconciliation package by the August recess, as warring positions on a deduction for state and local taxes reemerge as a potential roadblock.
The Times of India · Jul 14, 2022 Mumbai: Auto union for fuel subsidy, not fare hike MUMBAI: The biggest autorickshaw union of Mumbai, Mumbai Autorickshaw men's Union, on Wednesday announced that it was against a hike in autorickshaw or taxi fares as citizens were already burdened with inflation.
The Guardian - AU · Jul 14, 2022 A recession is not inevitable in Australia – and certainly not necessary The level of inflation we have and its causes do not require a recession to reduce them. Such talk is foolish
Benzinga · Jul 14, 2022 Bitcoin, Ethereum, Dogecoin Surge Despite Red Hot Inflation: Is Apex Crypto Showing Signs Of Stabilizing? Bitcoin and other major cryptocurrencies rose Wednesday, brushing off hotter than expected inflation, as the global cryptocurrency market cap rose 4.6% to $902.7 billion.