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The Latest Breaking News from Inflation

Fed says more interest rate rises needed to cool inflation

Jerome Powell says disinflationary process ‘has a long way to go' as Biden is set to tout economic record at State of Union address

The Guardian - US

Queensland homeowners who've never been flooded hit with steep insurance increases as effects of climate change and inflation kick in

A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.

ABC News

Powell says further rate hikes needed amid ‘strong’ labor market

Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation and borrowing costs may need to peak higher than previously expected, if the strong jobs market persists.

Tribune News Service

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Powell says further rate hikes needed and markets take heed

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.

Tribune News Service

Biden May Dream of 6 More Years, but His Three Closest Comps Never Got There

What we can learn from the State of the Union addresses by Jimmy Carter in 1979, Richard Nixon in 1971, and JFK in 1963

Reason

Fed Chair Powell sees ‘significant’ inflation drop in 2023

While inflation pressures are easing, the Fed chair cautioned that “these are the very early stages of disinflation. It has a long way to go.”

Chicago Sun-Times

Fed chair Jerome Powell says slowing inflation will likely "be bumpy"

Powell did not signal that the hot jobs report would prompt the Fed to act more aggressively than previously thought.

Axios

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Fed Chair Powell sees 'significant' inflation drop in 2023

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

The Independent UK

3 Stocks That Are Ready to Explode Higher in 2023

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

StockNews.com

Explained: What happens if Pakistan defaults on its debt

NEW DELHI: Cash-strapped Pakistan economy is in dire states with plunging currency, soaring inflation, a balance of payments crisis, diminishing forex reserves all amid political chaos and a deteriorating security situation.

The Times of India

Economists say recession still possible as rates bite

As the Reserve Bank weighs up further rate rises, there are concerns domestic and global factors could stall Australia's economy.

AAP

The Bank of England's deputy agent for Wales Ian Derrick on the outlook for inflation

He says stable inflation is vital so that money holds its value and people and businesses are able to plan for the future.

Birmingham Post

3 Income Stocks to Buy Now if You're Starving for Cash

The Fed will likely keep raising interest rates to bring inflation down to its desired level. This is expected to keep the stock market and the economy under pressure this year. Amid the uncertainty, investors looking for passive income could add fundamentally strong dividend-paying stocks AbbVie (ABBV), Valero Energy (VLO),…

StockNews.com

French, German ministers in Washington to defend EU economies

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.

Radio France Internationale

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StockNews.com

1 Growth Stock You Can Hold for the Next Decade

Steady moderation in inflation and the Fed’s downshift on tightening might help growth stocks to stage a recovery this year. Moreover, healthcare giant CVS Health (CVS) reported solid third-quarter results and raised its full-year guidance. With the potential of strong growth across its business segments, it could be wise to…

StockNews.com

2 Stocks to Buy as Inflation Fears Fade

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

StockNews.com

3 Stocks That Will Be Big Winners in 2023

Easing inflation and smaller rate hikes by the Fed have revived investor optimism. However, the Fed’s commitment toward the 2% inflation target could keep the market under pressure for some time. Given this backdrop, it would be wise to invest in quality stocks UnitedHealth Group (UNH), PepsiCo (PEP), and Kroger…

The Independent UK

How much will the UK state pension increase in 2023?

Jeremy Hunt reinstated ‘triple lock’ in Autumn Statement and pledged increase in line with CPI measure of inflation to provide boost amid cost of living crisis

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The Independent UK

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The New Daily

How high will interest rates go? RBA flags more mortgage pain in 2023

Australians are being warned to brace for even more interest rate hikes after the Reserve Bank began 2023 with a fresh mortgage squeeze.

The Guardian - UK

UK shoppers rein in spending despite sales as cost of living crisis takes toll

British Retail Consortium says sales growth slowed in January amid soaring costs for energy and food

The Conversation

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Independent UK

Asian stocks mixed after Wall St sinks on rate fears

Asian stock markets are mixed after Wall Street sank under pressure from worries about higher interest rates and Japan reported stronger wage gains than expected

The Independent UK

Australia lifts cash rate to 3.35% with 9th rate hike

Australia's central bank has lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter

The New Daily

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

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