The Latest Breaking News from Inflation

Fight against inflation raises spectre of global recession

Analysis: Interest rate cuts show central banks willing to plunge economies into recession to halt price rises

The Guardian - UK · Jun 17, 2022

Rising prices have consumers around the world feeling gloomy about the economy

Inflation is pressuring household budgets, pushing down consumer confidence in a slew of nations.

Axios · Jun 17, 2022

Bank of England ready to take ‘forceful’ action on inflation, says chief economist

Central bank on high alert to raise interest rates more aggressively if needed, says Huw Pill

The Guardian - UK · Jun 17, 2022

The latest Bank of England rate rise won't do much to tackle inflation - here's what could work

There wasn’t much dramatic tension as markets waited for the Bank of England’s latest decision on interest rates. The fifth monthly quarter-point hike in a row was largely expected, taking the base rate to 1.25% in June 2022. All the announcement really revealed, in fact, was what a mess UK…

The Conversation · Jun 17, 2022

Stock slump worsens as recession worries grow

The S&P's 2022 decline is now 23%, putting the index on track for the worst first-half performance since 1962.

Axios · Jun 17, 2022

Benzinga Before The Bell: SpaceX Fires Staff Critical Of Musk, Snapchat Tests Subscriptions And Other Top Financial Stories Friday, June 17

Reuters London’s Gatwick Airport To Fly Lesser Number Of Flights During Summer Season

Benzinga · Jun 17, 2022

Buy now, pay later clobbered by interest rate hikes and inflation fears

Buy now pay later firms have been the darlings of share markets in recent years but their shareholders are at last having to pay the cost

The New Daily · Jun 17, 2022

Inflation Hits Anheuser-Busch, CFO Says Price Increase On Cards

Anheuser-Busch InBev SA/NV (NYSE: BUD) mulls raising prices for some of its beverages in an effort to manage inflation.

Benzinga · Jun 17, 2022

Foreigners pay more for gas in Hungary. It risks an EU fight

Hungary has placed price caps on fuel and some food and imposed special taxes on industries as the governments tries to ease an economic downturn and the highest inflation in nearly 25 years

The Independent UK · Jun 17, 2022

RBI not behind the curve; tolerance of high inflation was a necessity: Das

In March, the RBI felt that economic activity was above the pre-pandemic levels and decided to shift focus to curbing inflation, the central bank Governor said

The Hindu · Jun 17, 2022