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The Latest Breaking News from Inflation

Carney doubles down on claims Brexit has taken a toll on UK economy

But Downing Street insists sky-high inflation is being driven by global factors such as Covid and the war in Ukraine.

The Independent UK

Mark Carney doubles down on claim that Brexit has shrunk UK economy

Former Bank of England governor Mark Carney has defended his bleak warnings that Brexit would devalue sterling and add to inflation ahead of a recession.

Evening Standard

These 4 REITs May Be At Risk Of A Dividend Cut

Rising interest rates and sky-high inflation have caused the real estate market to cool rapidly as mortgage rates hover near decade highs.

Benzinga

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read the most diverse news in one place.

On the ballot in the US midterms: Economy

Rampant inflation and high interest rates have made the economy a pressing poll issue.

Al Jazeera

US job growth still robust

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Bangkok Post

Five things we know about the economy as experts predict longest UK recession on record

Not everything is as bad as it has been feared but next year looks bleak

Wales Online

As inflation rises, could European support for Ukraine wobble?

Europe’s solidarity and commitment towards Kyiv looks set to be tested this winter.

Al Jazeera

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European Central Bank leader doubles down on rate increases

The head of the European Central Bank underlined the bank’s determination to fight rampant inflation with more interest rate increases on top of recent record hikes

The Independent UK

Yes, it's the economy, but the state of democracy, abortion and Ukraine loom large as issues before 2022 midterms

The 2022 midterm elections, perhaps more than most in recent American history, present voters with a multitude of pressing issues to consider as they prepare to vote. These issues range from abortion to rising inflation, energy costs to the state of American democracy.

The Conversation

What does inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

The Independent UK

How do interest rates affect inflation?

Borrowing costs at their highest level in 14 years

The Independent UK

‘Wouldn’t want to trade’: Why Australia’s inflation battle pales in comparison to global woes

Times are tough in Australia right now, but Reserve Bank boss Philip Lowe doesn’t think you’d want to be anywhere else.

The New Daily

Martin Lewis warns cost of living crisis will hit people harder in spring than winter OLD

Interest rates are now 3 per cent - the highest level since 2008 - in a bid to tackle soaring inflation

The Independent UK

U.S. hiring cooled slightly in October. That could help to ease inflation

Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.

WEKU

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WEKU

It's not just buying a car — owning one is getting pricier, too

Mechanics' bills are rising faster than inflation, and people are holding on to their vehicles for longer than ever. That means even those staying out of the car market are feeling inflation's pinch.

Birmingham Post

Interest rate rise 'further headache' for business, says British Chamber of Commerce

The Bank of England has increased the base rate to 3% in a bid to ease UK inflation

Tribune News Service

Editorial: In the economy’s interest: Federal Reserve is right to suggest slowing rate hikes

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less predictable…

Tribune News Service

Before slicing into this year’s Thanksgiving turkey, get ready to dig deeper into your wallet. ‘It’s going to be more expensive.’

HARTFORD, Conn. — Carving into the most classic of all holiday main courses this year — the Thanksgiving turkey — will first mean shoppers digging a lot deeper into their wallets before they gather around the family dinner table.

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The Guardian - US

Bernie Sanders hits the campaign trail with days left before US midterms

Vermont senator holding nine rallies across five battleground states, hoping to deliver winning argument to young and working-class voters

The Independent UK

Martin Lewis reveals how much mortgages will rise after interest rate hike

Bank hikes rates for eighth consecutive time putting futher squeeze on cost of living crisis

AAP

RBA outlines gloomier outlook for economy

The Reserve Bank of Australia sees inflation peaking higher, slower growth and a higher jobless rate as economic challenges intensify.

The Guardian - AU

Reserve Bank predicts inflation to peak at 8% – the highest rate since 1990

Interest rates will likely continue to rise to subdue inflation, bank’s quarterly statement says

ABC News

Reserve Bank warns Australians to brace for tough years ahead to get inflation under control

The Reserve Bank expects a couple of tough years for Australians, with real wages continuing to fall as inflation persists, economic growth slows and unemployment starts to rise.

Wales Online

Hunt's double whammy: What the Chancellor's autumn statement will mean for you

Experts predict how the drastic measures needed to fill Liz Truss's £50bn black hole will affect Britons

Kiplinger

Capital Gains Tax Rates 2026: What You Need to Know

Navigating capital gains tax can be complex, but knowing the applicable tax rates and thresholds can help you plan your investments.

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