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The Latest Breaking News from Inflation

Breaking 6 publishers covering this story in the last 6 hours

2h ago Stocks Climb as Traders Watch Past Treasury Yields. Nasdaq Composite Hits New High.
2h ago The Bond Market Doesn't Trust the Treasury
2h ago Euro hits 17-month low as French debt fears, US inflation lift dollar
2h ago MAGAnomics is starting to look uncomfortably like Bidenomics
3h ago GOP Sen John Kennedy Says Republicans Must Admit Trump-Era Inflation Is Hurting Americans: 'Tell Them the Truth'

Boycotts Aren't Protected Speech, Rules Appeals Court

Plus: Employers sue over Florida's Stop WOKE Act, how inflation erodes financial privacy, and more...

Reason · Jun 23, 2022

Fewer Americans file for jobless aid

Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite myriad economic pressures, including four-decade high inflation

The Independent UK · Jun 23, 2022

Recession fears and high inflation top this week’s big market events

Federal Reserve chair Jerome Powell has acknowledged that steep interest rate hikes could tip the US economy into recession.

The New Daily · Jun 23, 2022

From analysis to the latest developments in health,
read the most diverse news in one place.

Revealed: How Australians are cutting back as the cost-of-living crisis bites

The worst cost-of-living squeeze in two decades is pushing Australians to make some major changes to their spending habits, a new report reveals.

The New Daily · Jun 23, 2022

Sunak forced to borrow yet more as inflation soars and growth falters

Debt interest payments have surged by 70% compared with last year for the Chancellor

Evening Standard · Jun 23, 2022

40 ways to beat fastest price rises in 40 years - from food shop to petrol costs

Some price rises are unavoidable, but there are small things you can do to make a difference to your wallet. We round up 40 ways to cut your bills and make extra cash as inflation hits 9.1%

Daily Mirror · Jun 23, 2022

From pandemic solidarity to bitter enemies: how Tories turned on workers

Spirit of consensus has gone as ministers seek a scapegoat for the stagflation affecting the economy

The Guardian - UK · Jun 23, 2022

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Pay rise warning after DWP state pension triple lock hikes

Retirees are set to see double digit payments increases next year

Liverpool Echo · Jun 23, 2022

IMF Says Ready to Begin Aid Talks with Tunisia

The International Monetary Fund is set to begin formal talks on a new financial aid package for Tunisia, to help the North African nation deal with the dire economic situation, an IMF official said Wednesday. The country has been in preliminary discussions with the global lender for a new loan…

Asharq Al-Awsat · Jun 23, 2022

The Loop: An Australian quantum computing breakthrough, a mining industry sexual assault report, and which dog won Westminster's Best in Show

Get up to speed on today's headlines with The Loop.

ABC News · Jun 23, 2022

Strikes cripple Britain's railways, BA staff vote for walkout

Strikes crippled Britain's rail network for the second day this week and staff at British Airways voted for a walkout on Thursday amid warnings the country was facing a summer of industrial discontent.

Reuters · Jun 23, 2022

Allison Schrager: Inflation ate your free lunch, but you’re still better off

Believe it or not, we live in the best of times. It’s been a crazy few decades, with a pandemic, rising inequality, slowing growth and productivity, and major changes in the economy. But generally, most people experienced huge gains in living standards. We shudder to think what life was like…

Tribune News Service · Jun 23, 2022

Strikes cripple Britain's railways, unions warn of more to come

Strikes crippled Britain's rail network on Thursday as union bosses, train operating firms and the government faced off over demands that workers' pay increases keep pace with surging inflation.

Reuters · Jun 23, 2022

Soaring inflation pushes UK borrowing to £14bn in May

Interest on debt payment leaps 70% on a year ago to £7.6bn, a monthly record

The Guardian - UK · Jun 23, 2022

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The Independent UK · Jun 23, 2022

Interest payments on government borrowing soar to May record as inflation rises

The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.

Evening Standard · Jun 23, 2022

FTSE 100 Live: Public finances hit by surge in debt costs, oil below $110

Debt interest payments by the Government soared in May as inflation’s surge hit the public finances.

The Independent UK · Jun 23, 2022

Six Brexit problems six years after the EU referendum

The problems are far from resolved six years on

Evening Standard · Jun 23, 2022

Rishi Sunak warned ‘recession is the new enemy’ as sky-high inflation hits millions

Rishi Sunak was warned on Thursday that “recession is the new enemy” as sky-high inflation hits millions of families and many businesses.

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The Guardian - UK · Jun 23, 2022

UK economy ‘running on empty’ as high inflation threatens recession, and drives up borrowing costs – as it happened

UK business confidence falls to levels that signal a recession, as new orders growth weakens

Asharq Al-Awsat · Jun 23, 2022

Markets Fluctuate, Oil Falls again as Recession Warnings Build

Asian markets struggled Thursday to recover from the previous day's battering, while oil extended losses, after Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation. Soaring prices and central banks' battle to rein them in have sent…

The Independent UK · Jun 23, 2022

Asian stocks higher after Wall St declines on growth worries

Asian stock markets are mostly higher after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation

ABC News · Jun 23, 2022

ACTU Secretary Sally McManus says Reserve Bank in 'boomer fantasy land' over wage-price spiral fears

ACTU Secretary Sally McManus warns that the Reserve Bank is out of touch and living in "boomer fantasy land" if it thinks workers can afford real cuts to their wages.

Bangkok Post · Jun 23, 2022

Bank of Thailand should urgently hike rates: Korn

The Bank of Thailand (BoT) should urgently hike interest rate to prevent a further spike in inflation and ease the burden on low-income groups already reeling from the rising cost of living, according to Korn Chatikavanij, a former finance minister.

Daily Record · Jun 23, 2022

Inflation is back with a vengeance and now we're paying the price for hypocrisy

Tiree islander Karl Hughes had to sell his home as a result of sky-high diesel prices at his local garage.

Benzinga · Jun 23, 2022

Bitcoin, Ethereum, Dogecoin Slip: Fed's Powell Stirs Recession Fears, But Is Crypto Selloff Showing 'Exhaustion?'

Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time.

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