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The Latest Breaking News from Inflation

Extend UK energy price cap to hold inflation back, thinktank says

IPPR says cap for longer than six months would aid growth and allow more to be spent on public services

The Guardian - UK

Afternoon Update: More rate pain for borrowers; Gold Trip wins Melbourne Cup; and China unhappy with B-52 plan

The Reserve Bank makes its inevitable inflation response. And most Australians don’t care about the cup

The Guardian - AU

Why has the RBA raised interest rates for a record 7th straight month? High inflation – and worse is on the way

Pushing up interest rates isn’t something the Reserve Bank does lightly.

The Conversation

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Australian borrowers hit again as RBA raises interest rates by 25 basis points to 2.85%

Reserve Bank raises rates for seventh time in attempt to bring inflation under control

The Guardian - AU

Interest rates rise to nine-year high as RBA hikes for seventh straight month

The RBA has unveiled its seventh hike in interest rates since May as it battles rising inflation, lifting its target 0.25 percentage points.

The New Daily

Interest rate updates: RBA lifts cash rate by 0.25 of a percentage point to nine-year high of 2.85pc, NAB first to pass on — as it happened

The Reserve Bank lifted interest rates for the seventh month in a row, taking the cash rate to 2.85 per cent — as it happened.

ABC News

Larry Summers Says US Facing Complex Challenges: 'Curbing Inflation Comes First, But We Can't Stop There'

Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.

Benzinga

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Danes vote in battle for centre ground as political, economic crises loom

Danes went the polls on Tuesday with Prime Minister Mette Frederiksen hoping for a vote of confidence in her handling of the pandemic and for her leadership to overcome soaring inflation and geopolitical insecurity.

Reuters

Rishi Sunak warned against return to austerity with public spending cuts at next mini-Budget OLD

Think tank finds PM has ‘fiscal space’ to deliver support totalling billions in cost of living crisis

The Independent UK

Inflation surge dents consumer confidence

Consumer confidence is likely to fall further after Tuesday's rate hike, having already slumped to levels last seen during the early stages of COVID lockdowns.

AAP

2 Stocks That Give Downside Protection in Troubled Times

With inflation still hovering around the multi-decade high and the U.S. economy expanding in the third quarter, a further aggressive interest rate increase is on the cards this week. With the macro headwinds set to intensify further, investing in resilient stocks Walmart (WMT) and Oracle (ORCL) could give your portfolio…

StockNews.com

Trick Or Treat: 5 Stocks For Halloween With Record Spending Expected For Holiday

Higher inflation has led to people paying more for Halloween costumes and candy for the annual holiday in 2022. That hasn’t stopped people from shelling out hundreds of dollars on costumes and candy.

Benzinga

Why inflation will likely stay sky-high regardless of which party wins the midterms

Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem.

The Conversation

When are the midterm elections 2022?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

The Independent UK

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ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

StockNews.com

2 A-Rated Stocks to Buy Before It’s Too Late

With the Fed set to launch another supersized rate hike later this week to tame the stubborn inflation, the risk of a recession is only growing. Therefore, we think investors should consider buying fundamentally strong stocks Bristol-Myers Squibb Company (BMY) and TravelCenters of America (TA), which are A-rated in our…

AAP

RBA hikes interest rates 25 basis points

The Reserve Bank of Australia has hiked rates by another 25 basis points on Melbourne Cup day, adding to the pressure already felt by mortgage holders.

The Independent UK

Pensions Secretary guarded on whether benefits will rise in line with inflation

Tory MPs were among those applying pressure to the new Secretary of State to make the call ahead of the Chancellor’s autumn statement on November 17.

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news in one place.

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The Guardian - UK

Royal Mail pay offer is ‘declaration of war on posties’, says union

CWU says firm’s offer of below-inflation pay rise and changes to work practices are unacceptable

Reason

Don't Bet on Inflation Going Away Soon

"The history of developed countries since 1970 is very discouraging about the prospects of bringing down 8 percent inflation," says Larry Summers.

StockNews.com

The 4 Best Stocks to Buy for the Rest of 2022

Since the sky-high inflation persisted in September, the Fed is expected to launch another 75-basis-point rate hike this week. The stock market has been under pressure this year as investors remained anxious about the possibility of a recession. However, some fundamentally strong stocks, such as Altria Group (MO), Cummins (CMI),…

Benzinga

Find Out Why Roger Ferguson, Former Fed Vice Chairman, Thinks The Market Disconnect Is 'A Bit Of A Head Scratcher'

Roger Ferguson, former vice chairman of the Federal Reserve and a director on the board of Alphabet (NASDAQ: GOOGL) since June 2016, joined CNBC’s ‘Squawk Box’ earlier Monday to discuss the Fed’s

The Guardian - UK

UK households saving more and borrowing less, figures suggest

Total savings rose by almost £5bn in September, official data shows, amid fall in mortgage approvals

Benzinga

EXCLUSIVE: iShares Exec Talks Inflation Reduction Act Impact on Clean Energy and EV

Jay Jacobs is Managing Director and U.S. Head of Thematics and Active Equity ETFs at iShares.

The Times of India

India’s inflation may be lower than data suggests, report says

NEW DELHI: India’s inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday by Bloomberg Economics.

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