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The Latest Breaking News from Inflation

Costco accused of “greedflation”

A new analysis found that Costco reported consistently high profits while raising store prices

Salon

Wall Street Awaits Fed Decision And Inflation Data

Wall Street declines as investors await Fed decision amidst economic indicators and global market movements.

Top News

Montana Senate Debate: Economic Issues Take Center Stage

Republican Tim Sheehy and Democrat Jon Tester debate on property taxes, inflation, and social issues in pivotal Montana Senate race.

Top News

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Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

The Independent UK

Stocks Set to Open Lower as Investors Await U.S. Inflation Data and Fed Meeting

June S&P 500 E-Mini futures (ESM24) are down -0.09%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.04% this morning as U.S. Treasury yields continued to rise, with investors looking ahead to the release of U.S. inflation data as well as the Federal Reserve’s policy meeting later in the…

Barchart

Stock market today: Asian markets mixed following hotter-than-expected US jobs report

Asian markets are mixed in muted trading after a jobs report released Friday was hotter then expected

The Independent UK

The housing market shows that the tool the Fed is using to lower inflation is doing the exact opposite, former White House adviser says

"This breakdown in the housing supply pipeline is lifting the cost of buying and renting, driving up the very measure of inflation on which the Fed is relying."

Fortune

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When Will the Fed Cut Rates? The Experts Weigh In

The timing of the first quarter-point cut to the federal funds rate remains as opaque as ever.

Kiplinger

Record Job Growth And Wage Increase In Latest Report

Updates on job growth, wage increases, and inflation concerns in the economy, with a focus on creating quality jobs and improving living standards.

Top News

Is the US economy doing well? It depends if you ask a Democrat or a Republican

Data shows that when Americans’ preferred party is in the White House, they’re more likely to boast of a booming economy – even if it’s untrue

The Guardian - US

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors

Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy

The Independent UK

Trump's pickle: Immigration or inflation

Trump will make inflation much worse

Salon

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

Newslaundry

NTA sets up panel to review NEET 2024 result row

The National Testing Agency (NTA) on Saturday set up a committee to review the grace marks awarded to NEET UG 2024 candidates amid allegations of mark inflation. Read further on Dynamite News:

Dynamite News

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Top News

Americans Remain Grumpy Despite Positive Jobs Report

Americans express concerns over inflation, wealth gap, and housing affordability despite positive job report.

Kiplinger

Stock Market Today: Stocks Struggle After May Jobs Report

While the main indexes made modest moves after this morning's hotter-than-expected payrolls data, GameStop took a notable dive.

Salon

Wages grow faster than inflation: report

Wages grew by 4.1% over the last year, while the price of goods rose 3.4%

Kiplinger

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

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The Guardian - AU

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

Top News

American Workers See Faster Wage Growth Amid Inflation Concerns

Recent data shows American workers experiencing a notable uptick in wage growth, with implications for inflation and economic policies.

Fortune

NYC comptroller: Food delivery apps are blaming minimum pay for inflation. It's baloney

Uber Eats, DoorDash, and Grubhub together average about 2.6 million deliveries a week in New York, both before and after the rate increase.

Top News

Wage Growth Slows, But Still Outpacing Inflation

Wage growth outpacing inflation, but concerns linger about deceleration. Federal Reserve monitoring closely.

The Guardian - US

US adds 272,000 jobs as labor market holds unexpectedly strong

Figures show unexpected resiliency of job market as Fed keeps interest rates high try to tamp down 3.4% inflation

The Conversation

Why doesn’t economic good news shift the polls for Rishi Sunak? An analysis of 27 past elections explains the problem

One of the few success stories of the Conservative government is the fall in inflation, which is now close to the target rate set by the Bank of England. In April 2024, the consumer price index, the most common measure of inflation, increased by 3% over the previous year compared…

Dynamite News

Repo rate unchanged at 6.5 per cent: RBI Governor Shaktikanta Das unveils monetary policy

Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent. Read further on Dynamite News:

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