The Latest Breaking News from Inflation

The Fed's key inflation rate likely cooled further last month. That may stem the rise in the 10-year Treasury yield and lift the S&P 500.

Mortgage borrowers breathed a sign of relief following a recent pause in the Bank of England’s 14-month campaign of base rate hikes.

“We have dealt with inflation before, we dealt with deficits before, we have dealt with recessions before—and we haven’t really seen something like this pretty much since World War II,” the JPMorgan CEO said.

The local share market has finished 0.1 per cent lower, as a monthly consumer price index report came in "bang on expectations".

Australia's consumer prices have risen 5.2 per cent in the latest figures, with fuel, housing, transport, food and insurance the biggest drivers.

Labor MPs elect Jacinta Allan to be premier, replacing the retiring Daniel Andrews

Shares in Asia are mostly higher, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June

Inflation falling but not swiftly enough to prevent further interest rate rise making life tougher for mortgage holders

Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders

Thinktank chief and former Bank MPC member gloomy about stubborn inflation and labour shortages

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