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The Latest Breaking News from Inflation

Europe's central bank to hold off on another rate cut until it knows how bad the tariff blow will be

The European Central Bank probably isn't going to cut interest rates again on Thursday

The Independent UK

RBA wary of cutting rates until it has more evidence on inflation, Bullock says

Governor defends cautious approach, saying price pressures have been brought under control without surge in unemployment

The Guardian - AU

Germans Reluctant To Open Wallets Despite Easing Inflation

The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war.

International Business Times

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ECB Expected To Hold Rates As More Trump Tariffs Loom

The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance.

International Business Times

"Inflation isn't nostalgic" - Modretro's FPGA N64 console will arrive later this year for $199.99, but I'm curbing my retro console enthusiasm

Modretro has announced that its "M64" FPGA Nintendo 64 will cost $199.99 and arrive this Christmas, but it hasn't shared full details the retro console yet.

GamesRadar

Trump is losing support from men as approval rating drops below 50%

The same issues that drew men to support president — immigration, inflation, and the economy — are now driving them away

The Independent UK

New Florida Sales Tax Holiday Changes for 2025: What to Know Now

As inflation continues to squeeze household budgets, Florida lawmakers are offering shoppers some sales tax relief.

Kiplinger

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9 Store Brands That Outsold the Originals in 2025

The battle between store brands and national brands has reached a tipping point. For years, private labels were seen as cheap imitations, but today’s shoppers know better. Retailers like Costco, Trader Joe’s, and Target have invested heavily in creating high-quality private label products that rival and, in some cases, even…

Grocery Coupon Guide

The Fed is listening to Trump but will likely make him wait anyway

Although Trump thinks Powell is “the Worst Federal Reserve Chairman in History,” the Fed chair and his colleagues probably are listening to the president’s arguments in favor of a lower rate.

Fortune

Trump Doesn’t Rule Out a Recession This Year — What Could That Mean for Your Wallet?

Worried about a recession? Discover how it could impact jobs, savings, and inflation—and learn expert tips to protect your finances before it hits.

GOBankingRates

Tariffs are beginning to look like the ‘dog that didn’t bark’ to Wall Street, with inflation expected to take a one-time hit and Trump unlikely to enforce letter threats

As markets shrug off the Aug. 1 deadline, analysts warn that investor calm could embolden the White House to follow through—especially if economic data remains strong.

Fortune

Online shopping rebounds as rate cut talk opens wallets

Australians are spending more online as inflation eases and interest rate cuts seem more likely following a lean period, especially for some home-buyers.

AAP

Central bank independence and credibility matters. Here’s why

In the United States, President Donald Trump has been pressuring the chairman of the US Federal Reserve, Jerome Powell, to slash interest rates. This is partly to ease the interest payments on the ballooning US government debt.

The Conversation

10 Things That Instantly Reveal You’re Not Ready for Retirement

Retirement is one of life’s biggest milestones, but many people approach it with a false sense of security. Having a 401(k) or Social Security benefits...

Saving Advice

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Fortune

Jerome Powell should resign, top economist Mohamed El-Erian says, citing a scandal Trump hasn't even mentioned

Remember the insider trading scandal at the Fed? El-Erian does, along with what he considers a series of missteps on inflation.

Al Jazeera

Why Trump’s attacks on Jerome Powell are raising fears for the US economy

The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.

The Guardian - UK

Britons ‘turning to simpler meals’ as grocery bills head for £275 annual rise

Shoppers picking up supermarkets’ own-label ranges as grocery price inflation jumps to 5.2% in July

The Independent UK

Surging price of grocery shopping revealed amid cost of living crisis

Households are changing their shopping habits to save money on food

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Evening Standard

Grocery inflation soars to 18-month high as pressure grows on UK shoppers

Grocery price inflation accelerated to 5.2% in the four weeks to July 13, according to market research firm Worldpanel by Numerator.

Evening Standard

Families face £275 a year jump in supermarket bills as grocery inflation surges

Hot weather and tax hikes on employers blamed for the higher checkout bills

Benzinga

Former Fed Chairs Ben Bernanke, Janet Yellen Warn Trump's Pressure On Powell Could Lead To 'Inevitably Higher Inflation And Economic Damage'

Former Federal Reserve Chairs Ben Bernanke and Janet Yellen have cautioned that President Donald Trump‘s ongoing pressure on the current Fed chief, Jerome Powell, could have dire long-term consequences for the U.S. economy.

Radio France Internationale

Food prices rise worldwide due to climate extremes, according to new report

Food items including potatoes, onions, lettuce, cabbage, fruit and rice are hit by extreme weather that exceeded historical precedent, raising inflation and prices for consumers, a new report shows. The study is released ahead of an important United Nations food summit, to open on Sunday in Ethiopia.

Benzinga

Obama-Era Economic Advisor Warns Ending Fed Independence Could Lead to 'Higher' Mortgage Rates: How High? — 'That Depends On...'

University of Michigan economist and former Obama White House advisor Betsey Stevenson issued a stark warning about the consequences of ending the Federal Reserve's independence.

Grocery Coupon Guide

These Everyday 8 Groceries Got Too Expensive—and Now No One’s Buying Them

There was a time when grabbing eggs, bread, or butter didn’t leave you doing a double take at the checkout line. But, inflation and supply chain disruptions have turned some basic items into shocking splurges. Many shoppers are now walking past once-staple products, leaving shelves fuller than usual. As prices…

Fortune

Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance

"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.

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