The Latest Breaking News from Inflation

S.Korean leader's informal media events are a break with tradition

South Korean leader Yoon Suk-yeol has departed from years of tradition by holding informal daily media events to field questions on topics ranging from inflation and ties with neighbouring North Korea to the first lady and even boyband BTS.

Reuters · Jun 24, 2022

Core inflation may have peaked, but still well-above Fed’s target

The high price of gasoline doesn’t really matter to the Federal Reserve’s fight against inflation.

Miami Herald · Jun 24, 2022

Should we raise unemployment to fight inflation? No, we need to protect jobs no matter what

If economic history teaches us anything, it's that when times get tough, working men and women get targets painted on their back.

Los Angeles Times · Jun 24, 2022

A World Apart, Lebanon and Sri Lanka Share Economic Collapse

Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence. The toxic combinations led to disaster for both: Currency collapse, shortages, triple-digit inflation and growing hunger.…

Asharq Al-Awsat · Jun 24, 2022

Consumer confidence falls to lowest level on record as inflation fears deepen

Index of optimism about the economy’s future plunges to minus 41 – the worst since polling began in 1974

The Independent UK · Jun 23, 2022

Anthony Albanese to meet EU president– as it happened

Follow the day’s news

The Guardian - AU · Jun 23, 2022

PreMarket Prep Stock Of The Day: Will The Darden Restaurants Earnings Pop Last?

Investors who are waiting for rising inflation and interest rates to have a negative impact on a company’s earnings will have to wait a few quarters in Darden Restaurants, Inc. (NYSE: DRI).

Benzinga · Jun 23, 2022

Thai tourist trips to rise dramatically

Thai domestic tourism is expected to grow by 162% to 188 million trips and generate 720 billion baht this year, despite rising inflation and sluggish purchasing power, according to ttb analytics, the research arm of TMBThanachart Bank.

Bangkok Post · Jun 23, 2022

Germany takes step towards gas rationing as supplies dwindle

Germany has taken a step towards rationing natural gas by activating the second of three stages in an emergency plan. Officials say that since Russia reduced supplies, gas is now a "scarce commodity". Also in the show: the UK is hit by a second day of rail strikes over job…

France 24 · Jun 23, 2022

2 Beaten-Down Stocks That Benefit From Recessions

The red-hot inflation and the Fed’s aggressive rate hikes are raising the odds of the economy tipping into a recession. However, consumer goods and grocery stocks usually withstand the market turbulence because of stable demand for their products irrespective of the overall economic condition. And we think beaten-down consumer goods…

StockNews.com · Jun 23, 2022