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The Latest Breaking News from Inflation

Joseph Boakai declared winner of Liberia's presidential election

In tonight's edition: Liberians have voted for change. Joseph Boakai has been declared the country's new president-elect with 50.64% of the vote. Also, with one month to go before general elections in DR Congo, President Felix Tshisekedi is gearing up to run against more than 20 candidates. Finally, students are…

France 24

Dollar Retreats on Lower Bond Yields and Strength in Stocks

The dollar index (DXY00 ) on Monday fell by -0.47% and posted a 2-1/2 month low. The dollar Monday posted moderate losses and remains under pressure after last week’s better-than-expected U.S. inflation news and weekly jobs data that point to a slowing labor market bolstered speculation the Fed is down...

Barchart

‘Far too early’ to propose UK interest rate cuts, says Bank of England governor

Andrew Bailey warns more work to be done to bring inflation back to 2% target and further rate rises may still be necessary

The Guardian - UK

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More rate rises on the horizon as Hunter councils battle inflation

Maitland's rate income will surge 10.9 per cent in two years.

Newcastle Herald

What will Jeremy Hunt unveil in the Autumn Statement?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Independent UK

Autumn statement: what to expect, what they're not saying, and the traps for Labour

Chancellor Jeremy Hunt’s budget on Wednesday, November 22 will put into place a major piece of the Conservative party’s strategy for the general election – the plan to turn the economy around and tackle the cost of living crisis. But with just over a year to go before an election…

The Conversation

Sunak says he will cut taxes ‘over time’ as he reveals new economic priorities

PM signals that business tax cuts more likely than personal ones as he sets out ‘next phase’ of government’s economic plan

The Guardian - UK

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Retail Rally: 3 Promising Stocks to Watch Before Black Friday

With Black Friday approaching, accompanied by a backdrop of easing inflation, the retail industry is poised for significant gains. Therefore, it could be an opportune time to keep an eye out for three promising retail stocks: Oxford Industries (OXM), The Buckle, Inc. (BKE), and Burberry Group (BURBY). Read on….

StockNews.com

Tax cuts rumoured but the UK's autumn statement will offer little economic comfort

The UK chancellor’s autumn statement is likely to be relatively uneventful – yet extremely significant. Although some headline-seeking tax cuts are rumoured, sluggish economic growth and persistent inflation leave little scope for major policy announcements.

The Conversation

Tax cuts WILL be in Autumn Statement, Rishi Sunak confirms with priority on businesses

The Prime Minister said he and Chancellor Jeremy Hunt were taking the decision to 'cut tax' after having met his goal to halve inflation this year

Evening Standard

Nordstrom (JWN) Pre-Earnings Assessment: Is This a Fashion Stock to Watch?

Nordstrom’s (JWN) revenue and earnings topped analysts’ expectations in the last reported quarter. The fashion retailer’s long-term outlook looks bright, driven by its diverse product offerings and strategic moves to expand its retail presence. Amid inflation-led bleak demand, should you add this fashion stock to your watchlist before its third-quarter…

StockNews.com

Rent at Jeremy Hunt's luxury flat rockets by 18 per cent amid housing crisis

RENT at a luxury flat owned by Jeremy Hunt soared by 18 per cent while he urged people not to ask for pay rises, it has emerged.

The National (Scotland)

Autumn Statement: Hunt would 'risk fuelling inflation with tax cuts putting money quickly in people’s pockets'

The IFS also stressed that some of the Chancellor’s fiscal “headroom,” possibly of around £25 billion, is an 'illusion'

Evening Standard

Stock Market Today: Asian stocks rise following Wall Street’s 3rd straight winning week

Stocks are mostly higher in Asia after Wall Street closed its third straight winning week with a tiny gain

The Independent UK

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Evening Standard

Rishi Sunak to paint upbeat economic picture in speech ahead of Autumn Statement

In a speech in London, the Prime Minister will celebrate having halved inflation

The Independent UK

December dates for benefits, pensions and cost of living payments

Many households still struggling and facing costly winter, even as inflation begins to ease

The Independent UK

November dates for benefits, pensions and cost of living payments

Inflation very gradually easing but many households still struggling

The Independent UK

Sunak to give update on state of the nation’s finances ahead of autumn statement

In a speech in London, the Prime Minister will celebrate having halved inflation.

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Barchart

Thanksgiving, Fed Minutes and Other Key Items to Watch This Week

The S&P 500 had a good week last week and finished up over 2%. Part of the rally was bolstered by some better-than-expected inflation news

The Guardian - UK

Autumn statement will avoid tax cuts that promote inflation, pledges Hunt

Chancellor seeks to promote growth ahead of autumn statement that could spark a rebellion among Tory backbenchers defending marginal seats

The Guardian - UK

Jeremy Hunt rules out any tax cut that fuels inflation in autumn statement

Chancellor says he will not throw away hard work done to tackle rising prices amid calls for income tax cuts

The Independent UK

Hunt warns against fuelling inflation but hints at tax cuts for businesses

The Chancellor seemed to downplay speculation that income tax could be reduced in his autumn statement on Wednesday.

The National (Scotland)

Chancellor 'must give immediate help' to struggling households in spending plans

CHANCELLOR Jeremy Hunt is being urged to help struggling households and take action to improve the benefits system in his Autumn Statement...

The Guardian - UK

Jeremy Hunt faces red wall revolt if he delivers ‘a budget for the rich’

The chancellor’s potential inheritance tax cut in Wednesday’s budget would aid millionaires amid a cost of living crisis

The Independent UK

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling

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