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The Latest Breaking News from Inflation

S&P Futures Tick Lower Ahead of Key U.S. Inflation Data, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are trending down -0.14% this morning after the S&P 500 and Nasdaq 100 closed sharply higher on Thursday as blowout guidance from Nvidia and progress on debt ceiling talks boosted market sentiment, while investors awaited a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

Chancellor backs interest rate hikes even if they push UK into recession

Chancellor Jeremy Hunt has backed interest rate hikes being used to calm soaring inflation even if they increase the risk of pushing the UK into…

The National (Scotland)

Turkey election: What do Erdogan and Kilicdaroglu have to offer?

Here is a rundown of presidential candidates’ promises and rhetoric on issues such as security, refugees and economy.

Al Jazeera

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Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – as it happened

Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb

The Guardian - UK

Jeremy Hunt ‘comfortable’ with recession if needed to cut inflation and stabilise economy

There are fears the bank’s Monetary Policy Committee may have to raise interest rates to as high as 5.5 per cent to tackle inflation

Evening Standard

Dollar Climbs as Strong U.S. Economic Reports Boost T-Note Yields

The dollar index (DXY00 ) on Thursday rose by +0.35% and posted a 2-1/4 month high. Thursday’s better-than-expected U.S. economic reports on weekly jobless claims and Q1 GDP were hawkish for Fed policy and supportive of the dollar. Also, the jump in the 10-year T-note yield Thursday to a 2-1/2...

Barchart

Germany's economy contracts, signaling a recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.

WEKU

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Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

The Conversation

UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates

Lenders forced to raise fixed-term deals after latest inflation figure pushed swap rates upwards

The Guardian - UK

Young Australian women struggling to afford period products as inflation soars, survey shows

Plan International says stigma around menstruation at heart of problem as it calls for free products in public bathrooms

The Guardian - AU

Gateshead's Kitchens Plus sold out of administration to sister company saving 77 jobs

The firm had expanded its North East showroom network in recent years but more recently had felt the impact of inflationary pressures

Birmingham Post

Nationwide hikes mortgage rates by up to 0.45% as inflation shocks markets

The move follows Wednesday’s inflation data which has raised bets on further Bank of England interest rate rises this year

Evening Standard

Over 40% of households say they plan to travel more this summer

Inflation isn’t turning Americans away from summer travel, in fact 43% of households are choosing road trips as their top travel plan, according to new consumer research from TransUnion.

Fortune

Conor Sen: Walmart is now fighting inflation in a big way

Americans’ buying power has been squeezed since the start of 2022 as companies steadily raised prices to restore their profit margins — deflated by higher costs for freight and labor — to pre-pandemic levels. Now Walmart Inc. appears to be saying enough is enough.

Tribune News Service

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Daily Mirror

Expert warns drop in inflation 'is not as it seems' and rate is 'actually DOUBLE'

The Office for National Statistics announced UK inflation dropped to 8.7 per cent in the 12 months to April - but a cost of living expert remains cynical about the single figure

Barchart

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nvidia Results Boost Sentiment

June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks between the White House and Republican representatives on raising the U.S. debt ceiling ended without…

The Independent UK

Your Brexit bill: The staggering cost of ‘Leave’ for every British household

Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds

The Independent UK

Brexit has cost each UK household £250 in higher food bills, experts claim

Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds

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Barchart

Stocks Close Moderately Lower as a Debt-Ceiling Deal Remains Elusive

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.73%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.77%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -0.50%. Stock indexes Wednesday closed moderately lower, with the S&P...

Barchart

Dollar Gains on Liquidity Demand as Stocks Slump

The dollar index (DXY00 ) on Wednesday rose by +0.35% and posted a 2-month high. Hawkish comments Wednesday from Fed Governor Waller were supportive of the dollar when he said he “does not support stopping rate hikes unless we get clear evidence that inflation is moving down towards our 2%...

Fortune

Gen Z and millennials are really struggling to get the work-life balance they want

In an age of high inflation and a return to office, millennials and Gen Zers find themselves engaging in the hustle culture they'd rather leave behind.

Salon

5 ways supply chains can mitigate costs

Supply chains can make simple changes to ensure that rising food costs will climb no further

The Hindu

The fundamental value of the rupee

By casting a shadow on the public’s perception of what is legal tender, the RBI is destabilising confidence in the rupee

Bangkok Post

UOBAM offer UGREF-UI to invest in real estate globally amid persistent inflation

Amid global economic uncertainty and persistent rising inflation, mainly caused by Russia’s ongoing invasion of Ukraine and China’s Zero Covid policy, investing in real estate globally can be considered a less volatile investment solution.

The Guardian - UK

Brexit food trade barriers have cost UK households £7bn, report finds

LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average

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