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The Latest Breaking News from Inflation

How Wall Street is driving inflation

Deregulated Wall Street traders are driving price spikes on gas and food — but Biden could shut them down easily

Salon

Who are the winners and losers of the Fed hiking interest rates?

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75%, the largest increase in decades. But what does that actually mean for everyday Americans?

WEKU

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high

The Independent UK

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Food prices in UK to rise by 15% this summer, grocery analysts say

Report warns more people could skip meals if inflation lasts into middle of next year

The Independent UK

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

The Independent UK

Inflation rise blamed by Simply Be, JD Williams and Jacamo owner N Brown for revenue decline

N Brown added that its earnings expectations for its full year remain unchanged

Birmingham Post

An extra 60,600 Australians found work in May. Here's why wages aren't moving much

The rate of unemployment remained steady at 3.9% between April and May.

The Conversation

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Asos sees 'significant' rise in shoppers returning orders as UK inflation soars

Customers spending less in cost of living crisis

Wales Online

Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK

Bank of England poised to hike interest rates to 1.25% in battle against inflation

Base rate of interest currently stands at 1 per cent - its highest point in 13 years

The Independent UK

Bank of England says inflation will hit 11% after raising interest rates to 13-year high – as it happened

UK central bank has raised interest rates to 1.25%, warned inflation will exceed 11% in autumn, and cut growth forecast for this quarter

The Guardian - UK

FTSE 100 Live: Bank of England rates rise decision, ASOS warns on profits

The Bank of England today increased interest rates by 0.25% as policymakers continue efforts to tame inflation.

Evening Standard

Asia shares mixed after Fed assurance on rates lifts Wall St

Asian shares are mixed after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation

The Independent UK

Revlon, facing high debt and supply chain pain, files for bankruptcy

NEW YORK: Revlon Inc filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation.

The Times of India

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The Independent UK

Fed's aggressive rate hikes raise likelihood of a recession

Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it

Bangkok Post

Curve flattening bond trade in SE Asia Is set to get hotter

Long bonds in Southeast Asia are set to outperform shorter-dated notes as policy makers turn more hawkish, turning the curve flattening trade into a hot bet.

The Guardian - UK

UK food price rises could hit 15% over summer, report says

Ukraine war, China lockdowns and Brexit help push up inflation, with products that rely on wheat worst hit

ABC News

Minimum wage rise will 'flow up' to all workers and fuel inflation, businesses warns

It may be good news for those on the receiving end, but business groups warn the minimum wage rise announced yesterday will flow on to other workers, adding "fuel to the inflation fire".

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France 24

US Federal Reserve hikes interest rates 0.75% to curb inflation

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian…

ABC News

ASX rally fizzles out as US Federal Reserve hikes key interest rate, and Australian dollar surges above 70 US cents

Australian stocks lose their gains despite a rise on Wall Street after the US Federal Reserve increased official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally. And the national unemployment rate stayed steady…

Bangkok Post

How far should interest rate hikes go?

No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will…

Bangkok Post

Inflation, rate hikes to hit housing sector

The Housing Finance Association expects rising inflation and interest rate hikes to dampen demand for property and mortgages this year.

The Independent UK

This is how a higher Fed rate could affect your finances

Record low-interest mortgages are long gone

Reason

Instead of Helping Americans Battle Rising Prices, Biden Escalates 'Big Oil' Blame Game

Removing tariffs could save American households $800 this year. What is the White House waiting for?

The Guardian - US

‘Slamming on the brakes’: economists react to the Federal Reserve’s rate hike

Some economists say it will take an economic contraction and higher unemployment to bring inflation down

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