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The Latest Breaking News from Inflation

Australia’s economy 2023 report: how it started v how it’s going

Stronger than expected population growth made inflation hardier than most experts predicted and property prices defied successive rate rises

The Guardian - AU

How club racing proved resilient in 2023

Stubbornly high inflation, a squeeze on incomes and weak economic growth. The UK’s financial situation during 2023 does not exactly sound like the ideal conditions for motorsport to thrive. And yet, there have been encouraging signs of resilience in the club racing world, with some impressive entries over the past…

Autosport

The economy is a trouble spot for Biden despite strong signs. Here's why

Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances.

WEKU

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read the most diverse news in one place.

Costly credit and a mortgage timebomb: five ways rising interest rates have hit the UK

Two years on from the first in the Bank’s run of rate hikes, how have they changed the shape of Britons’ finances?

The Guardian - UK

Stocks Finish Higher on U.S. Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. Stocks on Friday settled moderately higher, with the S&P...

Barchart

A 'soft landing' or a recession? How each one might affect America's households and businesses

The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession

The Independent UK

How a top economic adviser to Biden is thinking about inflation and the job market

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

WEKU

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Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

“The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.

Fortune

“Squeeze set to get worse” as rents set to outstrip housing benefits 14% by 2025

The Chancellor’s temporary measures will do little to help the rent, cost-of-living and homelessness crisis, warns action group

Evening Standard

Why is December 13th Important to Stock Investors?

The S&P 500 (SPY) has been on quite a run since the Fed meeting on 11/1. Thus, it is important to note that the next meeting on December 13th will also be a catalyst for stocks. The main question is...will that be good or bad for stocks? To help out,…

StockNews.com

Stocks Rally as Soft-Landing Prospects Improve

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks this morning are moderately higher, with the S&P...

Barchart

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

The Guardian - US

Public thinks inflation will still be too high in late 2028, Bank of England survey reveals

When asked what they expect the rate of inflation to be five years from now, respondents gave a median answer of 3.2%

Evening Standard

'Morally indefensible' TV licence fee prosecutions to be reviewed, Culture Secretary says

A review will 'specifically look at the issue of criminal prosecution of the licence fee'

Evening Standard

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Fortune

‘Greedflation’ study finds many companies were lying to you about inflation

Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.

The Guardian - UK

UK regulator examining Microsoft’s OpenAI ties; two-year mortgage rates lowest since June – as it happened

Rolling coverage of the latest economic and financial news

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

Dynamite News

RBI maintains status quo in policy rate for 5th time now

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.

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The Independent UK

Is the US economy on track for a 'soft landing'? Friday's jobs report may offer clues

Can the U.S. economy achieve a much-hyped “soft landing”

The Guardian - UK

UK employers limit hiring permanent staff amid economic stresses

Vacancies declining as growth falters, recruiters’ body tells Bank of England

AAP

RBA backs resilient borrowers to ride out rate rises

Australians are making painful adjustments to cost of living pressures and higher interest rates but are overall proving resilient.

France 24

Nigerian university students in torment over 300% fee hikes

Students are among the victims of Nigeria's rampant inflation, as they face tuition fee hikes of over 300 percent. Also, the clock is ticking down towards DR Congo's general elections, in which President Felix Tshisekedi is running for a second term. Plus, Nairobi hosts international talks on the reduction of…

StockNews.com

Is Apple (AAPL) Giving Buy or Sell Signals for December?

Although Apple (AAPL) has been benefitting from softening inflation, it witnessed a drop in revenue in its last reported quarter. So, will it be worth investing in the stock? Keep reaching.

StockNews.com

Is Amazon.com (AMZN) Poised for MASSIVE Gains in December?

Amazon.com (AMZN) witnessed solid sales in the run-up to Cyber Monday. Moreover, as consumer spending remains resilient despite inflation, AMZN is expected to deliver strong sales in the holiday season. While AMZN has gained significantly in price this year, let’s analyze whether the shares have more room to run.

Salon

Holiday meals will cost more this year

"Since the . . . pandemic, food price inflation has risen over 20% [and] food bank usage is up 78.5% since 2019"

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