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The Latest Breaking News from Inflation

JP Morgan CEO: Americans Are in 'Good Shape' Financially and 'Still Have Money From COVID'

JPMorgan CEO says consumers still doing well despite inflation, sparking backlash online.

International Business Times UK

Why Has Your Car Insurance Gone Up? (And What You Can Do About It)

Inflation, technology and bad drivers have jacked up everybody’s insurance rates, but there are a few things you can do to possibly lower yours.

Kiplinger

Turkey's Inflation Reaches Nearly 70%, Highest Since 2022

Turkey's inflation rate surges to nearly 70%, posing challenges for economic stability and growth.

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American Economy Shows Resilience With Strong Job Growth In April

American economy adds 233,000 jobs in April, maintaining strength despite inflation concerns. Job market remains robust with unemployment rate at 3.8%.

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2 Gold Mining Stocks to Buy While They’re Cheap

With inflation still hot and uncertainty looming over the timing of Fed rate cuts, here are two dividend-paying gold mining stocks to consider while they are cheap.

Barchart

OPINION - Rishi Sunak's 'comeback narrative' collides with economic reality

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

Evening Standard

Czech Central Bank Cuts Interest Rate Amid Economic Recovery

Czech Republic's central bank cuts interest rates for the fourth time due to decreasing inflation and positive economic indicators. Global central banks as...

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OECD Lifts 2024 Growth Forecasts, Driven By US

The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.

International Business Times

Voters in this 'boomerang' county say they're nostalgic for the Trump economy

Voters in Northampton County, Pa., say they remember having more money when Donald Trump was in office. But when it comes time to cast their ballots this year, other issues are at play too.

WEKU

Venezuela Public Employees To Get $130 Monthly In Bonuses: President Maduro

While President Nicolas Maduro didn't share many details about the announcement, the ruling party lawmaker Francisco Torrealba explained on social media that these bonuses will be paid in local currency, bolivars, with set amounts equivalent in U.S. dollars.

Latin Times

Global body warns Australia on interest rates, NDIS

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

AAP

Jeremy Hunt suffers blow as leading economists cut growth forecast for Britain in general election year

The OECD also predicted the UK would see the weakest growth across the G7 group of major economies next year

Evening Standard

UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy

The Guardian - UK

UK to be slowest-growing G7 economy next year, warns OECD – as it happened

Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025

The Guardian - UK

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Indonesia's Inflation Rate Slightly Eases In April

Indonesia's April inflation data shows positive economic trends with a slight easing, indicating stability and growth potential.

AAP

Aussie shares rise as US Fed says rate hikes unlikely

The ASX200 has finished 0.2 per cent higher as investors took a dovish view of the Federal Reserve chairman's comments on interest rates.

International Business Times

Yen Slips After Rallying On Suspected Intervention, Stocks Mixed

The yen weakened Thursday following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week, after Federal Reserve boss Jerome Powell warned interest rates would stay higher for longer.

Al Jazeera

US Fed keeps interest rates at 23-year high amid stubborn inflation

US central bank keeps benchmark rate at 5.25-5.50% after series of economic reports undercut hopes of easing inflation.

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France 24

US Federal Reserve keeps interest rate unchanged at 5.25%-5.50% as inflation sticks

The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight. The…

Barchart

Stocks Pressured on the Prospect of Higher for Longer Interest Rates

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.70%. US stock indexes Wednesday settled mixed. Stock prices whipsawed higher Wednesday afternoon after bond...

Kiplinger

Fed Holds Rates Steady at 23-Year High: What the Experts Are Saying

The Federal Reserve struck a dovish pose even as it kept interest rates unchanged for a sixth straight meeting.

The Guardian - US

US Federal Reserve holds interest rates steady as inflation ticks up

Fed announces it will keep interest rates at 5.25% to 5.5% as rate of inflation remains above target of 2%

Top News

Federal Reserve Eases Balance Sheet Reduction To Combat Inflation

Learn about the Federal Reserve's decision to adjust its balance sheet strategy to address inflation and economic stability.

Top News

Federal Reserve Holds Interest Rates Amid Rising Inflation Concerns

Federal Reserve maintains interest rates due to inflation concerns, balancing growth and stability.

WEKU

Fed keeps interest rates at 23-year high

The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.

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