The Latest Breaking News from Inflation

Amid high inflation and soaring costs, the monthlong annual entertainment extravaganza is taking a toll on many.

"Garlic was once Rs 40, today it is Rs 400! Rising inflation has spoiled the budget of common man's kitchen - Government is sleeping like Kumbhakaran,” Rahul Gandhi wrote on X.

President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally

A holiday-thinned week got off to a healthy start after last week's sell-off sparked by the US central bank's outlook that suggested officials will not lower borrowing costs as much as previously hoped over the next 12 months.

Global markets show mixed performance with U.S. budget deal easing shutdown fears and Asian markets rising. U.S. stocks rally on lower inflation reports.

March S&P 500 E-Mini futures (ESH25) are up +0.12%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.48% this morning, extending Friday’s solid gains after muted U.S. inflation data helped reignite Federal Reserve rate cut bets, while investors also awaited a fresh batch of U.S. economic data this week.

March S&P 500 E-Mini futures (ESH25) are up +0.16%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.28% this morning, extending Friday’s solid gains after muted U.S. inflation data helped reignite Federal Reserve rate cut bets, while investors also awaited a fresh batch of U.S. economic data this week.

Economic issues, particularly living costs, were front and centre in 2024 as some 2 billion people went to the polls.

Asian markets rose Monday after big gains on Wall Street, with traders welcoming below-forecast US inflation data that tempered worries that the Federal Reserve will take a more hawkish tone with interest rates next year.