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The Latest Breaking News on Economy

Last week, I discussed all of the reports we had coming due before the Fed's December meeting (and rate hike announcement)...including the very important Consumer Price Index (CPI) report that was released this morning. It felt premature to send out my pre-Fed meeting market commentary before that last important inflation…

StockNews.com

U.S. trade chief Tai says African trade program needs to foster more investment

The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a focus on improving investment is needed, U.S. Trade Representative Katherine Tai said on Tuesday.

Reuters

North Ayrshire school crossing patrollers facing the axe in 'devastating' budget

The move could help save North Ayrshire Council more than £250,000.

Daily Record

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Why America's inflation cooldown might be here to stay

Key inflation drivers — housing, goods and services — are all pointing in a favorable direction.

Axios

Brexit end of free movement causing labour shortage ‘shock’ but not wage growth, government advisers warn

Vacancies in sectors most reliant on EU workers not translating into higher wages

The Independent UK

Welsh Government outlines budget to tackle ‘perfect storm’ of financial pressure

Finance minister Rebecca Evans described it as ‘one of the toughest budgets since devolution’.

The Independent UK

Scotland's gap between richest and poorest pupils remains above pre-pandemic levels

First Minister Nicola Sturgeon made it one of her key aims to reduce the gap between the most and least well off pupils across the country.

Daily Record

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US core CPI posts smallest monthly increase in more than a year

A key gauge of U.S. consumer prices in November posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Tribune News Service

US inflation slowed sharply to 7.1% over past 12 months

It was the fifth straight slowdown

The Independent UK

Inflation cools in November for the second-straight month

Inflation is still way too high, but the data offers some hope that it can ease alongside a still-healthy economy.

Axios

Scottish policies making 'big difference’ to family costs - but income gap widens

SUPPORT offered in Scotland is making a major contribution to helping with the costs of bringing up children – but families are still going…

The National (Scotland)

City comment: Don’t shoot the MPC pilots

BoE rate setters face an unenviable task this week as economic indicators send mixed messages

Evening Standard

UK labour market heads for turning point as pay growth nears peak

Wage demands likely to cool as inflation starts to head down and unemployment rises

The Guardian - UK

417,000 days were lost to strike action in October, highest number for a decade

The toll is set to surge as industrial action ramps up, with Tuesday marking the start of a month-long wave of rail disruption, with nurses also set to strike. This comes on top of strikes this month by other emergency staff, such as ambulance crews and paramedics, as well as…

Wales Online

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Chicago Tribune

Commentary: Don’t renew the child tax credit. Reform it

As Christmas approaches, not everyone is celebrating. American families — hit hard by inflation, wage stagnation and layoffs — must confront another challenge: an expired child tax credit.

Chronicle Live

Unemployment rises sharply in North East as economy struggles

The unemployment rate in the region had been at record lows in the previous two months

The Independent UK

Unemployment rate rises as UK faces deepening economic gloom

New figures also signal more people are choosing to return to work

Wales Online

'Difficult decisions needed' says chancellor as unemployment rises

Jeremy Hunt warned inflation needed to be tackled otherwise it would 'prolong the pain'

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The Independent UK

US inflation report may show further slowing of price spikes

A high-profile report on inflation to be released Tuesday morning could show another month of cooling prices and add to evidence that the pressures on American households are gradually easing

AAP

'Burnt-out' NT teachers take pay offer

Northern Territory's teachers have accepted a three per cent pay offer, ending months of negotiations and industrial action.

The Conversation

Disappointed by your year 12 result? A university expert and a clinical psychologist share advice on what to do next

Over this week and next, year 12 students around Australia will receive their exam results. This is a time of great expectations and intense pressure for many young people.

The Independent UK

UK economy grew in October but Jeremy Hunt warns of ‘tough road ahead’

Gross domestic product grew by 0.5% in October in a bounce back from a 0.6% contraction the previous month

The Guardian - US

The Fed needs to stop raising interest rates

Interest rate hikes mean that workers and consumers take the hit. Here are other tools to address inflation

The Independent UK

UK economy shrinks 0.3% in three months through October

Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry

Evening Standard

Tough road ahead on the economy, Chancellor Jeremy Hunt warns

Economists described October’s 0.5 per cent growth as a ‘false dawn’

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