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The Latest Breaking News from Inflation

Angela Rayner says Rishi Sunak's premiership is a 'continuation' of Tory problems

Labour's deputy leader said Rishi Sunak's premiership represented a 'continuation' of the problems faced by the Government after a turbulent few weeks under Liz Truss.Angela Rayner said the Conservatives could not "just keep doling out prime ministers every month because they're in total chaos", and added Mr Sunak had "failed…

Evening Standard

8 best short-term investments in October 2022

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Tribune News Service

Former Fed Vice Chairman Roger Ferguson Thinks The Markets Have It Wrong And Rate Hikes Will Continue Into 2023

Roger Ferguson, former vice chairman of the Federal Reserve and former CEO of TIAA, joined CNBC’s ‘Squawk Box’ earlier Monday morning to discuss what he expects to come from the Fed.

Benzinga

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How soaring inflation is leading to protests across nations

NEW DELHI: Soaring inflation levels has been a major concern for all economies ever since the Russia-Ukraine war impacted global commodity prices.

The Times of India

3 Stocks Investors Shouldn’t Chase This Fall

The stock market has been facing rampant volatility this year due to macroeconomic headwinds. With inflation remaining elevated, the Fed is expected to continue hiking rates. Amid this backdrop, we believe Carnival Corporation (CCL), AMC Entertainment (AMC), and Paya Holdings (PAYA) are not worth investor attention, given their bleak fundamentals.…

StockNews.com

Not relishing inflation? Here’s what it's done to Chicago's beloved hot dog

Generally speaking, the bun in which a Chicago-style hot dog is laid must be poppy seed. The relish should be neon and the salt, celery. Vienna Beef is considered the standard-bearer for the frankfurter. Though the city’s myriad hot dog vendors take their liberties here and there, swapping regular relish…

Chicago Tribune

If Real Estate Is An Inflation Hedge, Why Are Properties Declining In Value?

The U.S. inflation rate was 8.2% in September. This is a slight drop from the 8.3% rate in August but more than the 8.1% economists were forecasting for the month. At the same time, the average median house price declined to $389,500 in August, compared to a high of $413,800…

Benzinga

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When are the midterm elections?

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

The Independent UK

Restaurants’ post-COVID boom is winding down

After celebrating the end of COVID restrictions with an epic restaurant tab, diners are now hitting the brakes on eating out.

Tribune News Service

‘We need help now’: UK hospitality warns of ‘tidal wave’ of closures as crises loom

After lockdown closures, supply and staffing issues, inflation and high energy bills could be fatal for many businesses

The Guardian - UK

3 Stocks You Shouldn't Waste Your Money on in 2022

Raging inflation and the Fed’s hawkish stance to tame it have kept the stock market under tremendous pressure. Amid the growing economic concerns, fundamentally weak stocks Marvell (MRVL), Faraday Future Intelligent (FFIE), and Oblong (OBLG) could be best avoided. Read on….

StockNews.com

Institute for Fiscal Studies warns against cutting spending on sixth forms

Thinktank says any reduction would ‘sit uncomfortably’ with pledge to focus on skills and economic growth

The Guardian - UK

Royal Mail has truly earned my stamp of disapproval

God knows, I don’t do many clever economy measures, but one was back in April when the price of first-class stamps went up by all of 10p to 95p, and I bought about five books of them, thinking that I was saving, ooh, six quid. I know, a pound for…

Evening Standard

Treasurer Jim Chalmers expected to reveal a $40 billion improvement to the federal budget bottom line

Treasurer Jim Chalmers says his first budget will show a multi-billion-dollar improvement on forecasts from the previous government's budget.

ABC News

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Evening Standard

Rishi Sunak now faces an economic battle he may not get credit for winning

Rishi Sunak is set to be our new Prime Minister and Tory dreams and fantasies may finally be coming to an end. For political parties, such bubble-bursting can be painful. Nigel Lawson’s boom in the late Eighties was followed by a prolonged bust. The “no more boom and bust” promises…

The Conversation

Is your fixed broadband bill about to go up? How to protect yourself from inflation-busting rate hikes

Inflation has caused the sharpest rise in food prices in the UK in 40 years, the latest official figures show. But it’s not just food costs that are soaring – or energy prices, for that matter. Consumer price inflation could also impact bills for services like internet and mobile phones.

Salon

Bernie: Dems must go on attack

"Incredible level of corporate greed" is driving inflation, says Sanders; Democrats must push "pro-worker" policies

Nottingham Post

DWP: 10 benefits could face 'permanent cut' - including Universal Credit and ESA

The Government has not committed to raising benefits in line with inflation

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The Guardian - UK

As inflation soars, it’s time to make your money work harder

After a decade in the doldrums, savings rates are finally on the up. But where best to put your cash and can it really come close to inflation?

The Independent UK

Migrants feel inflation's squeeze twice — at home and abroad

In nearly every corner of the globe, people are spending more on food and fuel, rent and transportation

Asharq Al-Awsat

ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

The Guardian - AU

Australian budget 2022 preview: what we know so far

Treasurer Jim Chalmers is promising a ‘solid, simple and sensible’ federal budget for the times. Here’s a summary of what has already been flagged on spending, savings and tax

The New Daily

Petrol price spike looms for motorists, RBA comments on inflation

Motorists have a small window to fill up on cheaper petrol as many cities hit their first new fuel cycle after the fuel tax cut expired.

Pedestrian.tv

Previously-Secret Documents Reveal The Reserve Bank Reckons House Prices Are Set To Drop By 20%

The Reserve Bank of Australia predicts house prices could fall by 20% by the end of 2024, which would be the biggest drop since the 1980s.

Tribune News Service

Pelosi says she has no regrets on COVID aid that GOP links to inflation

WASHINGTON — House Speaker Nancy Pelosi said she doesn’t regret pandemic aid passed by Democrats to boost the U.S. economy and advised her party’s midterm candidates to focus on the Biden administration’s efforts to curb inflation.

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