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The Latest Breaking News from Inflation

The Bank of England was right, inflation has made us poorer. But whose fault is it?

Central banks are keen to blame the surge in inflation on anyone but central banks

The Guardian - UK

World Bank: Lebanon Tops World’s Food Price Inflation Rate

In its latest reports on food security around the world, the World Bank said that Lebanon recorded the highest nominal food price inflation rate in the world during the February 2022 – February 2023 period. The country registered 261% annual change in the food Consumer Price Index (CPI), followed by…

Asharq Al-Awsat

Save Big By Going Green At Home

New legislation is packed with tax breaks for homeowners who upgrade to energy-efficient systems and appliances. Bonus: You’ll slash your utility bills.

Kiplinger

From analysis to the latest developments in health,
read the most diverse news in one place.

Facing revolt, GOP spares ethanol in drive to cut spending

House Republicans are touting their debt limit package as a first step toward fiscal restraint

The Independent UK

Consumers hold recession fears at bay

Heightened worries about the strength of consumers and the global economy have been put on hold -- at least for now -- after some of the world's best-known companies delivered a slew of better-than expected numbers.

Bangkok Post

Pay rise comes for New Yorkers, but some chafe at compromise

A deal to raise the minimum wage in New York will keep the state on the list of places with the highest base pay for low-paid workers

The Independent UK

Strong Earnings Results Boost Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.65%. Stock indexes Friday posted moderate gains, with the S&P...

Barchart

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Stock Market Today: Stocks Swing Higher After Amazon Earnings, Inflation Data

The major indexes finished the week higher despite Amazon's warning on cloud growth and mixed inflation data.

Kiplinger

Michael Pascoe: How the RBA is making inflation worse

Is there a better example of the deficiencies of monetary policy than the RBA prolonging higher rent inflation by lifting rates to theoretically reduce inflation?

The New Daily

Gehlot on whirlwind tours of districts to ensure success of inflation relief camps

Assembly elections are due in Rajasthan this year

The Hindu

Biden Is Rewriting the Rules on Trade—and Americans Should Be Worried

The administration is doing a sneaky end run around the Inflation Reduction Act.

Foreign Policy

The Federal Reserve and the art of navigating a soft landing ... when economic data sends mixed signals

With inflation easing and the U.S. economy cooling, is the Federal Reserve done raising interest rates? After all, gently bringing down the trajectory of prices without crashing the economy was the central bank’s objective when it began jacking up rates over a year ago.

The Conversation

Foreign Tourism to Portugal Has Best First Quarter Ever

The number of foreign tourists visiting Portugal surpassed 2.8 million from January through March, making it the best first quarter on record despite high global inflation and interest rates, data from the National Statistics Institute (INE) showed on Friday. Measuring only foreigners staying in Portuguese hotels, the number by far…

Asharq Al-Awsat

Stocks Push Higher on Strength in Corporate Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. U.S. stock indexes this morning are moderately higher, with...

Barchart

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news in one place.

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Barchart

Markets Today: Stocks Continue Their Rally

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.46%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.40%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.30%. U.S. stock indexes are moderately higher,...

Fortune

Inflation is killing Americans’ retirement dreams

Inflation and a volatile stock market are shaking retirement confidence. Half of retirees say they are spending more than they planned to.

Belfast Live

DWP advice on important changes to payments, tax credits and inflation in May

These are some of the dates to look out for in May

The Independent UK

A key inflation gauge tracked by Fed remained high in March

A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year

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Barchart

S&P Futures Tick Lower Ahead of Key U.S. Inflation Data

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

The Independent UK

Europe's economy ekes out slight growth at start of 2023

The European economy has scraped out meager growth of 0.1% in the first three months of the year

Chronicle Live

All the money changes coming in May including DWP benefit payments and cost announcements

See if any of these changes, such as Ofgem's price cap announcement and benefit payment dates, will affect your personal finances

Fortune

U.S. GDP growth delays the long-predicted recession—again

The Federal Reserve has more work to do to ease inflation—which is why so many see a recession ahead.

Daily Mirror

10 money changes coming in May - including £200 energy help and Tesco delivery shake-up

Mirror money editor Levi Winchester runs through all the big financial changes and announcements coming up in May and how they affect your wallet - from benefits to your Tesco shop

The Guardian - UK

Britain once rioted over the price of bread. What would it take for us to confront greedflation today?

We seem to wearily accept corporate profiteering as a fact of life. But an ever poorer public can be pushed only so far, says Guardian columnist Andy Beckett

Bangkok Post

A stronger yen could jolt global markets

LONDON: Investors are positioning for a regime change in global markets as the Bank of Japan edges closer to ditching the policies that depressed the yen for decades, thereby luring Japanese money back home.

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