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The Latest Breaking News from Inflation

RBA's latest forecasts are grim. Here are 5 reasons why

After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australia’s latest set of forecasts make for grim reading.

The Conversation

The Reserve Bank will keep raising interest rates, but don't expect more supersized jumps

The Reserve Bank confirms that Australians can expect to see at least two more rate rises, but appears to favour a slow and steady approach over any more supersized hikes.

ABC News

News Corp to slash hundreds of jobs as earnings crash

News Corp will cut 1250 jobs in response to a big slump in second-quarter earnings as interest rates and inflation bite.

AAP

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Housing advocates call for rent limits in Qld

Queensland housing advocates are calling for the state government to limit the amount and size of rent rises allowed each year to protect renters.

AAP

Medicare announces plan to recoup billions from drug companies

Drugmakers will be required to pay Medicare back for price increases that outpace inflation. The industry is expected to put up a fight over implementation.

WEKU

Larry Summers compares the Fed's inflation fight to taking a medicine to fight an 'infection'—and says the 'risks are very large' that the economy tips into a recession

Former Treasury Secretary sees a soft landing as a possibility, but the risk of a recession still remains very high.

Fortune

Mexico's inflation rises, leading to interest rate hike

Mexico's inflation rate rose in January to 7.91%, leading the country's central bank to boost its principle interest rate to 11%

The Independent UK

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Irish households to get further €90 off electricity bills this year

The decision was taken as a measure by the Government aimed at addressing inflation and to ease the financial burden of rising consumer costs on families.

Irish Mirror

2 Blue Chip Stocks to Watch in February 2023

Although inflation has slowed, the job market remains tight. Fed Chair Powell has warned of higher-than-anticipated rate hikes if the situation persists. This is expected to keep the stock market volatile in the upcoming months. Amid this backdrop, investors could look to add fundamentally strong blue chip stocks PepsiCo (PEP)…

StockNews.com

Larry Summers says the economy could be headed towards a 'Wile E. Coyote moment'

The Harvard economist warns the economy could walk "off a ledge" sometime this year. “I’m not predicting with confidence that that will happen, but I think the risks are significantly elevated.”

Fortune

Sky TV and broadband customers issued seven-week warning over price hikes

Millions of customers are likely to see their bills change in April and Sky will start notifying customers of price hikes this month.

Daily Record

Narrower corporate profits could bring relief on inflation

Corporate America's profit margins are narrowing. That may spell relief for consumers.

Axios

Tech turbulence: Silicon Valley sheds jobs as industry growth slows

The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of…

France 24

Michigan might send residents $180 checks to combat inflation

Michigan Democrats are proposing $180 tax rebates for tax filers.

Fortune

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StockNews.com

5 Top Stocks to Buy for 2023

The stock market witnessed a solid start this year amid improving investors’ optimism. Moreover, experts see increased chances of a soft landing. So, fundamentally strong stocks Merck (MRK), Novartis (NVS), Sysco (SYY), Progress Software (PRGS), and LSI Industries (LYTS) could be solid buys now. These stocks pay consistent dividends. Read…

StockNews.com

3 Stocks Flying Under the Radar to Buy Right Now

While the Fed’s dovish comments have ignited a massive stock market rally, robust jobs growth entails that the central bank has more work to do when it comes to taming inflation. As investors turn cautious, we believe it could be wise to scoop up fundamentally strong stocks Acuity Brands (AYI),…

The Guardian - UK

UK interest rates are too high and may need cut – Bank of England’s Tenreyro

Policymaker highlights split in rate-setting committee, saying inflation is on track to fall

Los Angeles Times

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

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StockNews.com

4 Quality Retail Stocks to Buy and Watch Now

Retail sales declined in December as the high inflation hampered consumer spending. However, sales are expected to improve amid easing inflation and a falling unemployment rate. Therefore, we think fundamentally sound retail stocks Dillard’s (DDS), Buckle (BKE), Movado Group (MOV), and J.Jill (JILL) could be ideal buys now. Read on.

The Independent UK

More Americans apply for jobless benefits last week

More Americans filed for jobless benefits last week, but layoffs remain historically low despite the Federal Reserve’s aggressive interest rate policy intended to cool the economy and bring down inflation

The Independent UK

Swedish central bank again raises key rate to hit inflation

Sweden’s central bank has raised a key interest rate and 0_5 percentage points to 3% to combat inflation, saying it “is far too high and has continued to rise.”

Wales Online

Wetherspoon increases prices of drinks and food - full list of new prices

The pub chain says the move is a direct result of inflation

Evening Standard

Watchdog looks into broadband prices as mid-contract inflation hikes hit hard-pressed households

Controversial clauses which came in from 2021 can have a big impact with inflation hitting double digits

StockNews.com

3 Low-Risk Stocks to Buy in February 2023

With the U.S. economy adding significantly higher jobs than expected in January, the Fed could be prompted to raise the benchmark interest rates higher than projected. Amid this uncertainty, it could be prudent to buy less volatile and solid dividend-paying stocks such as KT Corporation (KT), Weis Markets (WMK), and…

The Independent UK

Egypt's inflation continues to surge as food prices rise

Egypt’s statistics bureau says inflation hit a new high in January

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