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The Latest Breaking News from Inflation

US Economy Grows At Healthy 3% Annual Pace

The American economy showed robust growth in Q2 driven by consumer spending and business investment. Inflation eased, prompting a Fed interest rate cut. Jo...

Top News

EPA administrator: Rolling back Biden-Harris infrastructure and climate investments would mean backlash in American communities

'Our programs are so successful with constituents that some Republicans are banding together to defend this administration’s laws,' writes Michael Regan.

Fortune

Drug prices improved under Biden-Harris and Trump − but not for everyone, and not enough

When it comes to drug pricing, the Trump and Biden-Harris administrations both have some very modest wins to tout.

The Conversation

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Austria's Far-Right Freedom Party Gains Momentum In Election

Austria's pivotal election features the far-right Freedom Party challenging traditional parties amid voter concerns over immigration, inflation, and other ...

Top News

CFOs of Goldman Sachs and Bank of America upbeat about the Fed's rate cut

This week, the big bank finance chiefs weighed in on the economy.

Fortune

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

Eating in is in and eating out is out

The Independent UK

Trump's 4 Million Civil Fraud Judgment Appeal Underway

Former President Trump faces a 4 million civil fraud judgment in New York, seeking to dismiss allegations of asset inflation for favorable loan rates.

Top News

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US Millionaires Have It All—Except Confidence: 67% Say $3 Million Isn't Enough To Feel Financially Safe, Here's How Much They Need Instead

Having millions doesn't guarantee feeling wealthy. Many millionaires still feel financially insecure and believe their plans need improvement.

International Business Times UK

Strategies To Mitigate The Impact Of Inflation

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

International Business Times

More borrowers falling behind but better days are ahead

Some households are doing it tougher due to high inflation and interest rates but conditions are about to improve, a Reserve Bank of Australia report says.

AAP

Czech Central Bank Cuts Interest Rate Amid Slow Recovery

Czech Republic's central bank cuts rates amid low inflation. European Central Bank and U.S. Federal Reserve also adjust rates to support growth.

Top News

Inflation may be falling but business’s drive to maximise profits fuelled Australia’s cost-of-living nightmare

A significant reason for the drop in inflation was the federal government’s energy bill relief fund and the rebates in Queensland, WA and Tasmania

The Guardian - AU

Jeremy Horpedahl: Are Millennials and Gen Z Actually Worse Off Than Their Parents?

Economist Jeremy Horpedahl breaks down the economic outlook for Millennials and Gen Z and assesses how the 2024 presidential candidates' policies stack up against reality.

Reason

Harris promises change — but poll shows voters see her as another Biden

Exclusive: New polling shows that voters hold Harris responsible for Biden’s policies, and see her as more influential than past vice presidents

The Independent UK

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Fortune

Rep. Miller: Raising the corporate tax rate will hurt American business, investment, and consumers

When the U.S. corporate tax rate was 35%, it was one of the highest corporate tax rates among developed countries.

The Independent UK

Czech central bank cuts its key interest rate to 4.25%

The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery

The Guardian - UK

UK economy to grow faster than Japan, Italy and Germany this year, says OECD

Forecast upgrades UK to joint second after US but it is still expected to have highest inflation among G7 countries

The Conversation

Politics with Michelle Grattan: Richard Holden says no interest rate fall likely for 12 months

For many Australians, the COVID-19 pandemic has become a fading memory as the world has moved away from lockdowns and masks. However, its lasting impacts, including persistent inflation, remain.

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The Guardian - AU

Afternoon Update: inflation hits three-year low; BoM tsunami warning test prompts panic; and the legacy of Daria

Inflation dived last month to its lowest rate in three years, but the Reserve Bank will wait for a more sustained drop before it starts cutting interest rates.

The Conversation

At 2.7%, Australian inflation is back within the RBA zone. Here’s why that matters

A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%.

The Guardian - AU

Australia’s annual inflation rate in August falls to lowest since 2021 at 2.7%

Lowest CPI rate in three years but Reserve Bank will wait for more sustained drop before cutting interest rates

Barchart

Stocks Settle Higher as Chinese Stimulus Boosts Economic Growth Prospects

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up by +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.47%. Stocks on Tuesday settled higher, with the S&P 500 and Dow...

Latin Times

Retirement Investment In Volatile Times: Insights From Experity Wealth

The Fed's tightening has had a ripple effect across the economy, slowing down housing demand and cooling the tech sector, which had seen explosive growth during the pandemic.

AAP

Rebound fears as energy help flicks switch on inflation

Federal energy bill relief has led to a drop in monthly inflation figures, but there are warnings the measures only caused an artificial reduction.

Barchart

Stocks Slightly Higher as Chinese Stimulus Boosts Risk Sentiment in Asset Markets

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.12%. Stocks today are slightly higher, with the Dow Jones Industrials posting...

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