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The Latest Breaking News from Inflation

‘We were in shock, we were numb’: the police raid that changed Melbourne’s gay scene forever

Tasty nightclub was controversially raided by Victoria police 30 years ago. How are those who were there that night marking such a dark anniversary? They’re throwing a big camp party

The Guardian - AU

Recession Is Not Inevitable, Despite Stock Market Slump

A few reasons to remain calm about the economy

Reason

Economists Fear Possible Crash Landing For US Economy

US economy faces concerns of a hard landing with rising unemployment and inflation, posing challenges for policymakers and financial stability.

Top News

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Global Central Banks Begin To Trim Interest Rates

Global inflation rates are falling, prompting central banks to consider interest rate cuts. Federal Reserve in the US yet to act amidst market speculation.

Top News

UK minimum wage to rise – here’s how it could really tackle the cost of living and inequality

After more than a decade of stop-start minimum wage policy under the Conservatives, much has been made of the incoming Labour government’s intentions to raise the national minimum wage up to the level of a “real living wage”.

The Conversation

To hike or to hold? The case for each as RBA weighs interest rate decision

Inflation has been stubborn but the Reserve Bank has much to consider for its cash rate announcement at 2.30pm on Tuesday

The Guardian - AU

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

AAP

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Kamala Harris edges ahead of Donald Trump in national polls for US election

The United States presidential election will be held on November 5. Election analyst Nate Silver’s national poll aggregate has Democratic nominee and current vice president Kamala Harris leading Republican nominee and former president Donald Trump by 45.5–44.1%, with 5.0% for Robert F. Kennedy Jr.

The Conversation

With a $97M second weekend, 'Deadpool & Wolverine' sets a new high mark for R-rated films

After 10 days in theaters, “Deadpool & Wolverine” is already the highest grossing R-rated movie ever, not accounting for inflation

The Independent UK

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

AAP

Why are car insurance rates increasing?

Between 2020 to 2024, motor vehicle insurance rates rose by about 54%.

USAFacts

Don’t be fooled by the interest rate cut – higher rates are here to stay

Mortgage payers and business owners vainly hope cut to 5% signals return to pre-pandemic era of cheap borrowing

The Guardian - UK

US Economy Faces Hiring Slowdown Amid Controlled Inflation

US jobs report shows a slowdown in hiring but more manageable inflation, posing challenges for policymakers and the Biden-Harris administration.

Top News

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs

The Independent UK

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Fortune

Fed Chair Jerome Powell is trying to explain away the inflation rollercoaster—but money supply is absent from his script

Greenwood and Hanke examined the link between changes in the stock of broad money and inflation in 27 countries during the 2020-24 period.

Fortune

Wall Street wanted a September cut—instead it got a 'baby step' and stocks are hurting

"I am skeptical that the key economic data over the next seven weeks are going to add to the FOMC’s confidence."

The Guardian - UK

The Gaza archaeologist: Inflation is 500% – and the tents are like an oven

Fadel al-Utol has worked in in Gaza for 30 years. He has witnessed the destruction of important archaeological sites – as well as his own home

The Guardian - US

US investors trigger major Wall Street sell-off over recession fears

Cooling job market, slowing manufacturing and tumbling stock market lead to big tech sell-offs

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The Guardian - UK

Bank of England dismisses Tory claims public sector pay rises will stoke inflation

Bank’s governor says planned awards of 5-6% would have relatively small impact on headline inflation

The Independent UK

Wayfair CEO says home good sales decline is reminiscent of 2008 recession

High interest rates combined with inflation have contributed to a slowdown in home furnishing and good sales

Top News

Czech Central Bank Cuts Interest Rate Amid Slow Recovery

Czech Republic's central bank cuts interest rate for the sixth time due to low inflation and slow economic recovery. Global trend sees central banks consid...

The Conversation

Just nine people decide what happens to UK interest rates - but pressure for change is mounting

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

The Independent UK

The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recovers

The Czech Republic’s central bank has cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected

Top News

Bank Of England Cuts Interest Rate By 0.25%

Bank of England's rate cut aims to boost economy amid Brexit uncertainties. Lower rates may impact inflation.

Al Jazeera

Hundreds protest across Nigeria over soaring cost of living, fuel prices

Demonstrators voice discontent over government reforms they say have triggered high inflation and devalued the currency.

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