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The Latest Breaking News from Inflation

Cyclone-hit coastal town blows away house value gains

The housing market strongly rebounded in 2025 as interest rate cuts, easing inflation and limited supply fired up competition, the latest property data shows.

AAP

Scott Bessent is defiant on whether tariffs are a tax, demands Democrats work to cut actual taxes instead

Saying that some Democrats had walked into his “bear trap,” the Treasury secretary urged them: “Join me and cut taxes, and that will be disinflationary.”

Fortune

Momentum builds for bigger capital gains tax break on home sales - Roll Call

Bipartisan support is growing to double the capital gains tax exemption for home-sale profits. The existing caps haven't changed since 1997.

Roll Call

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Donald Trump calls ‘affordability’ a con created by Dems — now you know he’s only ever worked for himself and his billionaire buddies, not you

Are any of us shocked? Donald Trump has never cared about the working class, and it is amazing the wool he’s managed to pull over the eyes of those voters. Consistently throughout this term alone he has denied inflation and rising grocery prices, despite campaigning on lowering those costs.

The Mary Sue

Moody's Economist Mark Zandi Blames High Tariffs, Immigration Policy, And Deglobalization For The Nation's 'Serious Affordability Crisis'

Moody's Analytics Chief Economist Mark Zandi recently highlighted the "serious affordability crisis" plaguing the U.S., while citing high tariffs, immigration policy, and deglobalization as the key factors.

Benzinga

Kick Your Cash Off the Couch: Here's How to Prevent Inflation From Eating Your Savings

Instead of letting your cash sit idle in low-return accounts, consider putting it to work in growth-oriented investments to protect your long-term buying power.

Kiplinger

George Kamel Shares How Gen Z Got 'Financially Screwed' And Says That 'The Issue Is Not That They're Lazy Or Entitled'

Financial personality George Kamel acknowledged that Gen Z got "financially screwed" due to high housing prices, student loans, and wages that haven't kept up with inflation.

Benzinga

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Service sector growth slows as price inflation drops to almost five-year low

The S&P Global UK services PMI survey scored a reading of 51.3 in November, dipping from 52.3 in October.

Evening Standard

Donald Trump declares ‘affordability’ a con term created by Dems – now you know he’s never cared about you or your struggles

Just in case you needed another reminder that he’s never given a damn about you.

We Got This Covered

Chop and change: pork is ‘new beef’ for money-saving Britons, report finds

As beef price inflation soars to 27%, customers are turning to cheaper pork alternatives, Waitrose says

The Guardian - UK

Trump Highlights Economic Gains as Data Points to Falling Deficit, Wage Recovery and Manufacturing Growth

Trump shares new economic data showing lower deficits, rising wages, stronger manufacturing output and booming business investment in early 2025.

International Business Times UK

Australian economic growth is solid but not spectacular. Rate cuts are off the table

Australia’s economy grew by a softer-than-expected 0.4% in the September quarter, slowing from 0.6% growth in the June quarter. It confirms the recovery is tracking forward but without strong momentum.

The Conversation

Chinese economic slowdown at top of RBA's mind

Slowing Chinese economic growth and persistently high inflation are "top of mind" for the Reserve Bank of Australia.

AAP

Trump Says Kevin Hassett Is His 'Potential Future Fed Chair' — What Does It Mean For Markets?

Kevin Hassett has emerged as the leading candidate to replace Federal Reserve Chair Jerome Powell, signaling a potential shift toward sharply easier monetary policy next year.

Benzinga

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Saving Advice

Rising Home Insurance Premiums Are Forcing Seniors To Re-Evaluate Their Deductibles

Home insurance costs are climbing across the country, and older homeowners are feeling the strain. Insurers point to inflation, rebuilding costs, and climate-related disasters...

International Business Times UK

Trump Labels Affordability 'A Democrat Scam' as Inflation Rebound Fuels Voter Anger

Donald Trump dismissed affordability as 'a Democrat scam' while inflation's rebound and voter disapproval highlight economic strain.

Budget and the Bees

8 Cost-Cutting “Hacks” That Actually Hurt Your Finances

We all want to save more money. Inflation makes frugality feel necessary. However, there is a fine line between thrifty and cheap. Some shortcuts end up costing you double in the long run.

Saving Advice

7 IRS Rule Changes Affecting Retiree Withholding Early in the Year

Taxes are a reality for retirees, even those living on fixed incomes. Withholding rules determine how much money is taken out of Social Security, pensions,...

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The Independent UK

FTSE 100 ends flat as bank gains offset weak gold

Elsewhere, UK lenders passed the latest Bank of England stress tests.

Benzinga

Dollar General, Dollar Tree Q3 Preview: Report Shows Traffic Gains, But SNAP Benefit Disruption Could Hurt Guidance

Dollar General Corporation (NYSE:DG) and Dollar Tree Inc (NASDAQ:DLTR) could offer insights into consumer shopping trends amid tariffs and inflation when the companies report third-quarter financial results this week.

Benzinga

Americans Feel Bleak Despite Strong Economy — Here's Why

American consumers are seriously depressed, even as key economic data looks solid. A surprisingly deep gloom now dominates U.S. households, even as unemployment, inflation and wage trends suggest households should feel stronger than they have in years.

GOBankingRates

I Asked ChatGPT When Prices Will Finally Go Back Down: Here’s What It Said

ChatGPT said prices won't drop to 2021 levels but inflation should slow to 2.6% in 2026. Groceries rise 2.3%, housing 0.5%-2%, relief coming gradually.

Benzinga

The Price of Parenthood Is Soaring: U.S. Families Could Face Over $82K Annual Costs by 2035

Parenthood is already expensive, but a new global study shows that things could get tougher for parents. The annual cost of raising a family in the United States could top $82,000 by 2035, according to Remitly's Global Family Inflation Index.

Axios

AI bubble a "key downside risk" to U.S. economy, report warns

The OECD expects growth to slow and inflation to rise in the U.S. next year.

Kiplinger

3 Ways to Stretch the 2026 Social Security COLA For Your Budget

Three steps retirees can take to stretch the Social Security COLA to fit their budgets.

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