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The Latest Breaking News from Inflation

Swiss National Bank exits negative rates era with 0.75% hike

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

Reuters

Budget 2023: How possible measures could affect middle income earners on €35,000 to €50,000

A range of new measures have been discussed by the Government aimed at helping middle income earners who have been worst affected by the rise of inflation

Irish Mirror

Turkish Lira Hits Record Low

Türkiye’s currency fell to a record low against the dollar before a central bank meeting on interest rates Thursday. The lira traded at a low of 18.38 against the dollar, past the previous record low of 18.36 in December, before recovering to about 18.36. Türkiye has been following President Recep…

Asharq Al-Awsat

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Bank of England poised for another big interest rate hike

Britain’s central bank is under pressure make another big interest rate hike Thursday

The Independent UK

Swiss central bank enacts biggest-ever hike to key rate

Switzerland’s central bank has carried out the biggest hike ever to its key interest rate in an effort to clamp down on inflation

The Independent UK

Old woes and new: business turmoil awaits Italy's election winner

Inflation, looming recession and impossibly high energy bills are among the daunting economic problems awaiting whoever wins Italy's election on Sunday, and they are casting a particularly long shadow over the industrial city of Terni.

Reuters

Commentary: The Fed’s monetary malpractice will cost you

The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession “by acting with resolve now,” according to Fed Chairman Jerome Powell. But if history is any guide, this is a case of too little, too late.

Tribune News Service

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JD Sports ‘cautious’ over outlook amid inflation rise and strike threats

Despite 8% rise in sales over past six weeks, retailer worries that energy costs will dampen consumer spending

The Guardian - UK

Bury-based JD Sports announces pre-tax profits slump as inflation hits

'Whilst the overall performance continues to be encouraging and the result for the half year was at the upper end of the board’s expectations, it must also be recognised that the most material trading periods lie ahead'

Manchester Evening News

FTSE 100 Live: Interest rates up by 0.50% to 2.25% as Bank of England fights inflation

Interest rates are up by 0.50% today as Bank of England policymakers continue their fight against inflation, but without adopting a larger 0.75% increase.

Evening Standard

JD Sports warning as pre-tax profits tumble by more than £50m

Sportswear giant says inflation and economic uncertainty could affect trading in second half of year

Wales Online

Asia stocks follow Wall Street down as Fed fights inflation

Asian stock markets have followed Wall Street lower after the Federal Reserve delivered another big interest rate hike and raised its outlook for more to cool galloping inflation

The Independent UK

Leaked report reveals Newcastle City Council facing dire £30m cost hike crisis as inflation strikes

Desperate councils across the region are grappling with major overspends caused by escalating energy bills, contract inflation, and staff pay rises

Chronicle Live

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

The Independent UK

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Salon

Fed hikes interest rates for third time

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

AAP

More stress for family budgets: minister

The highest interest rates in the US in almost 15 years, coupled with war in Europe and China's lockdowns, will put more pressure on Australian households.

Bangkok Post

A Cosmetics Brand Defies Inflation With Its $3 Lipstick

E.l.f. Beauty Inc., known for selling cheap-but-trendy makeup in drugstores, raised prices and rolled out higher-end products this spring when fast-rising costs threatened profits.

Benzinga

Fed Raises Rates 0.75% For Third Straight Time: 'We Will Keep At It Until We're Confident The Job Is Done'

The SPDR S&P 500 (ARCA:SPY) is volatile after the Federal Reserve on Wednesday raised its benchmark rate by 0.75% for the third straight time and indicated that it will continue to hike well above the current level.

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StockNews.com

3 No-Brainer Stocks to Buy if You Have Money to Spend

Raging inflation and the Fed’s commitment to bring it under control with rate hikes are raising recession worries. However, according to BofA, the market could see a rally later this year. Given the macro uncertainties, we think investors should add fundamentally solid stocks Microsoft (MSFT), Merck & Co. (MRK), and…

France 24

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

Al Jazeera

US Fed hikes interest rate to highest level since 2008

Announcement sparks concern that fight to contain sky-high US inflation could tip the economy into a recession.

The Independent UK

Federal Reserve raises interest rates by 0.75% in latest move to stem inflation

Interest rates at such high levels would make it harder for Americans to borrow money and for banks to lend it

StockNews.com

2 Entertainment Stocks to Avoid and 1 to Buy This Fall

Record-high inflation has been taking a toll on the entertainment industry as consumers cut their entertainment expenses. However, the industry’s long-term prospects look impressive. While we think investors should avoid fundamentally weak entertainment stocks Warner Bros. (WBD) and AMC Entertainment (AMC) this fall, Comcast (CMCSA) could be a quality investment.…

The Times of India

India's Rs 1,000 crore rich club grows, teen entrepreneur makes debut

CHENNAI: Regardless of Covid pandemic, inflation or the Ukraine War, India's richest grew by 96 persons to 1,103 spread over 122 cities and have Rs 1,000 crore or more as per the AIIFL Wealth Hurun India Rich List 2022.

Tribune News Service

Fed delivers third-straight big hike, sees more increases ahead

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.

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