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The Latest Breaking News from Inflation

Most Americans Support Student Debt Forgiveness Until They Think About It

New poll shows majority of Americans oppose student loan forgiveness once they become aware of the obvious tradeoffs involved, like higher inflation and rising tuition prices.

Reason

Younger savers prioritising morals over money even as inflation stretches finances

Two-thirds of younger savers are sticking with their ethical stance when it comes to saving, even as the strain on their finances heightens amid rising food and fuel costs.

Evening Standard

Protect Your Retirement Income from Inflation

With a new President promising tariffs on imported goods from China, Mexico and Canada, inflation may rise in 2025, but that doesn’t have to jeopardize your long-term security.

Kiplinger

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'No time to waste on Brexit': EU uneasy about Truss as UK leader

Europe is anticipating the prospect of Liz Truss as Britain's next prime minister with a mixture of irritation and unease: diplomats say that with the war in Ukraine and rampant inflation, the last thing they need is another Brexit battle.

Reuters

Czech government survives no-confidence vote over energy prices

The Czech government survived a no-confidence vote on Friday after a marathon 22-hour debate in parliament amid opposition claims of inaction against soaring inflation and energy prices.

Reuters

The UK areas paying the highest and lowest living costs as Brits feel bills squeeze

With the energy price cap set to surge and inflation at its highest since 1982 amid the cost of living crisis, Brits are feeling the squeeze but comparing rates across various areas throws up some surprises

Daily Mirror

An economic perfect storm is battering emerging markets. Debt crises loom

With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.

WEKU

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Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service

Markets rally after US jobs report; G7 ministers back Russian oil price cap; pound under pressure – as it happened

US non-farm payroll rose by 315,000 in August, as hiring slowed after a strong July

The Guardian - UK

Asian stock markets lower ahead of latest US jobs reading

Asian stock markets are lower ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation

The Independent UK

Amid US Retail Gloom, Uniqlo Shines on COVID-Triggered Revamp

Just as inflation ravages the big guns of US apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model. Retailers from Gap to Kohl's are…

Asharq Al-Awsat

Three universities investigated after ‘sharp increase in top grades’

Regulator is not naming institutions at this stage but said they would ‘publish further details in due course’

The Independent UK

‘Action needed now’ says British Chambers of Commerce as deeper, longer recession looms

‘Time is fast running out’ as inflation now expected to hit 14%

The Independent UK

Herschel Walker sparks outrage by calling inflation a women’s issue: ‘They’ve got to buy groceries’

Mr Walker courts controversy again as he battles with Raphael Warnock in a close Georgia Senate race

The Independent UK

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Los Angeles Times

Commentary: With a volatile US electorate, no one can predict what’ll happen in November’s midterms

In Maine, where I spend part of every year, the weather is highly changeable, so we like to say: If you don’t like the weather, don’t worry — just wait a few hours and it will be different.

Irish Mirror

Irish pubs price update as latest given on Heineken and Moretti amid big UK hike

Pubs in Ireland will not be unaffected by inflation this winter

StockNews.com

2 Stocks That Have Been Boosting Their Dividends Lately

Market volatility is widespread due to increasing odds of a recession amid the persistently high inflation and consecutive interest rate hikes by the Fed. Traders are betting on another aggressive hike this month as the Fed stays determined to bring inflation under control. Thus, we think investors should invest in…

StockNews.com

Looking for Retail Stocks That Crushed Q2 Earnings? Check out These 2

While rising inflation is a major concern for most investors, shares of retail companies Walmart (WMT) and Williams Sonoma (WSM) have been soaring in price after surpassing earnings estimates in their recent quarterly releases. So, let’s take a closer look at these names….

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The Independent UK

Fed is hoping August hiring report will show slowdown

Raging inflation has so scrambled the economy that it’s come to this: If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve — and even the White House — would likely welcome it

The Independent UK

What does inflation mean for you?

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

StockNews.com

2 Retail Stocks Investors Should Sell Before It Is Too Late

The persistently high inflation is hampering consumer confidence, leading to declining retail sales volume. Moreover, the continuing supply chain issues are proving to be a major headwind for the retail industry. Hence, it might be best to sell retail stocks Allbirds (BIRD) and Gap (GPS), considering their weak bottom lines.…

The Conversation

Tory leadership race: will Liz Truss's tax cut proposals win her votes? Here's what voter data says

When the results of the Conservative leadership race are announced next week, the UK’s new prime minister will be facing a formidable set of challenges. There is the worst cost of living crisis in 50 years, a war in Europe, an antagonistic relationship with the EU and divisions within the…

Dublin Live

The items you can expect to get more expensive this month as energy bills spike

Rising inflation has caused people across the country to make efforts to cut corners and save but unfortunately, prices look set to increase even further from this month

Bristol Post

North Somerset Council faces tough budget decisions due to energy price and inflation rise

The first report to be discussed by councillors to develop budget proposals for the year ahead will be presented at next week’s Executive meeting on Wednesday, September 7, starting at 6pm

Tribune News Service

The eternal optimists: How Texas’ ranchers, farmers cope during an exceptional drought

SOUTH TEXAS — The soil crumbled beneath Russell Boening’s boots as he walked onto his harvested field of sorghum in Floresville, a small town southeast of San Antonio.

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