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The Latest Breaking News from Inflation

Govt considering major cut to food weighting in new CPI basket

An Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a person familiar with the matter, a move that could curb inflation spikes in the South Asian nation.

The Times of India

Is Your City Getting Too Expensive? These 5 US Cities Will Offer Cash And Other Perks For You To Move

These US cities are paying workers to relocate to the area to boost their economy. And, due to rising inflation and unchanging mortgage rates, it's working.

International Business Times UK

Rising cost of living hammers renters and mortgage belt

Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs.

AAP

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Can Lumber Sustain a Recovery?

Physical lumber prices have recovered after a significant Q2 decline as the market expects lower inflation to lead to falling short-term interest rates. However, the peak construction season will be in the rearview mirror in the coming months, so the wood futures market may have to wait until spring 2025…

Barchart

The RBA left interest rates on hold – but don’t get your hopes up for a cut any time soon

Governor Michele Bullock makes clear that any expectation of rate cuts this year ‘not aligned’ with bank’s present thinking

The Guardian - AU

The RBA says don’t expect interest rate cuts for 6 months. Here’s why it could be sooner

Days ago, at the start of last week, there was talk of a Reserve Bank rate hike.

The Conversation

Wall Street rallies after rout, as Goldman Sachs warns correction hasn’t gone far enough – as it happened

Japan’s Nikkei bounces back with a 10% surge, as Fed officials try to reassure markets that US is not in recession

The Guardian - UK

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Australian borrowers spared interest rate rise but RBA governor warns cut ‘not on the agenda’ in near term

The RBA has left the cash rate on hold at 4.35% for a sixth meeting in a row, but says inflation is proving persistent

The Guardian - AU

Attention, jittery investors: Stop panicking … this is what a soft landing should look like

What a difference a job report makes. Earlier in the summer, people were worried that the economy was too hot. But now – in response mainly to weaker-than-expected employment data released on Aug. 2, 2024 – stocks are plunging. Some analysts even worry that a recession could be on the…

The Conversation

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

AAP

Financial markets around the globe are falling. Here's what to know about how we got here

Markets on Wall Street and around the world are in a mini-panic

The Independent UK

Chicago Fed president says if jobs, inflation, or ‘financial stability’ worsen, the Fed will ‘fix it’

“It’s the market’s job to react and the Fed’s job to act.” said Chicago Fed president Austan Goolsbee. “And one of those moves with a lot more volatility than the other.”

Fortune

‘We were in shock, we were numb’: the police raid that changed Melbourne’s gay scene forever

Tasty nightclub was controversially raided by Victoria police 30 years ago. How are those who were there that night marking such a dark anniversary? They’re throwing a big camp party

The Guardian - AU

Recession Is Not Inevitable, Despite Stock Market Slump

A few reasons to remain calm about the economy

Reason

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Top News

Global Central Banks Begin To Trim Interest Rates

Global inflation rates are falling, prompting central banks to consider interest rate cuts. Federal Reserve in the US yet to act amidst market speculation.

The Conversation

UK minimum wage to rise – here’s how it could really tackle the cost of living and inequality

After more than a decade of stop-start minimum wage policy under the Conservatives, much has been made of the incoming Labour government’s intentions to raise the national minimum wage up to the level of a “real living wage”.

The Guardian - AU

To hike or to hold? The case for each as RBA weighs interest rate decision

Inflation has been stubborn but the Reserve Bank has much to consider for its cash rate announcement at 2.30pm on Tuesday

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AAP

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

The Conversation

Kamala Harris edges ahead of Donald Trump in national polls for US election

The United States presidential election will be held on November 5. Election analyst Nate Silver’s national poll aggregate has Democratic nominee and current vice president Kamala Harris leading Republican nominee and former president Donald Trump by 45.5–44.1%, with 5.0% for Robert F. Kennedy Jr.

The Independent UK

With a $97M second weekend, 'Deadpool & Wolverine' sets a new high mark for R-rated films

After 10 days in theaters, “Deadpool & Wolverine” is already the highest grossing R-rated movie ever, not accounting for inflation

AAP

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

USAFacts

Why are car insurance rates increasing?

Between 2020 to 2024, motor vehicle insurance rates rose by about 54%.

The Guardian - UK

Don’t be fooled by the interest rate cut – higher rates are here to stay

Mortgage payers and business owners vainly hope cut to 5% signals return to pre-pandemic era of cheap borrowing

Top News

US Economy Faces Hiring Slowdown Amid Controlled Inflation

US jobs report shows a slowdown in hiring but more manageable inflation, posing challenges for policymakers and the Biden-Harris administration.

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