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The Latest Breaking News from Inflation

Labour tells Jeremy Hunt his advisers must not undermine Bank of England

Exclusive: Members of Mr Hunt’s Economic Advisory Council said the Bank had ‘tried to be too cute’ by not being clear enough on the need for interest rates hikes

The Independent UK

More Americans believe they'd get a raise if they asked

It's another sign of the continued labor market strength.

Axios

3 Stocks to Unlock July's Golden Opportunities

Gold has long been touted as a safe-haven asset globally, helping investors against inflation and economic downturns. Amid a weak economic environment, it could be wise to invest in fundamentally sound gold stocks Alamos Gold (AGI), Eldorado (EGO), and Centamin (CELTF) in July for portfolio diversification and steady returns. Continue…

StockNews.com

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How much?! See how the cost of a barbecue has gone up in the UK

Sausages up 31%, burgers up 64% … add your favourite foods to our interactive to see for yourself how inflation has pushed up the price in the past five years

The Guardian - UK

The fight for COLA: Why the UAW is pushing hard to restore long-lost benefit

DETROIT — Rob Pacheco estimates that he brought home more money 20 years ago than he does today because of concessions autoworkers made to help save the U.S. auto industry during the Great Recession.

Tribune News Service

Michael Hiltzik: Bidenomics has been a boon for working class voters. Why don't they give him credit?

No one doubts that the fiscal buzzword of the moment is "Bidenomics." The question at hand is whether President Joe Biden will be able to wear it proudly as a badge, or his Republican adversaries will hang it around his neck like an albatross.

Los Angeles Times

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK

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US wage growth stronger than expected in June, but job creation slows – as it happened

Wages rose by 0.4% last month, while total nonfarm payroll employment increased by 209,000, and the unemployment rate has dropped to 3.6%

The Guardian - UK

US jobs report likely to show a solid gain, potentially complicating Fed's drive to cool inflation

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

The Independent UK

TikTok’s New ‘Boyfriend Inflation’ Theory Is The Perfect Way To Decide If You Should Dump Him

“It might be time to cut him loose due to boyfriend inflation.”

Pedestrian.tv

SC gets taste of ‘Bidenomics’ as president unveils clean energy partnership that could bring 600 jobs

COLUMBIA, S.C. -- “Bidenomics” is to thank for bringing hundreds of new clean energy manufacturing jobs to the South Carolina Midlands, President Joe Biden said Thursday, standing inside a West Columbia facility that will begin partnering in the production of solar energy products.

Tribune News Service

FTSE 100 falls to lowest closing level in 2023 as interest rate fears grip markets

Markets suffer on both sides of Atlantic as Fed signals more rate hikes and recession fears grow in UK

The Guardian - UK

Consider Buying These 3 Gold Stocks in July

During uncertain economic times, gold shines as a safe haven, offering enhanced stability and reliable returns. Amid looming concerns over inflation and potential interest rate hikes, investors might want to seek refuge in robust gold stocks Kinross Gold (KGC), B2Gold (BTG), and Dundee Precious Metals (DPMLF) for portfolio diversification and…

StockNews.com

Bank governor accuses UK retailers of overcharging on petrol and other goods

Unnecessarily high fuel prices will have to be tackled to help reduce inflation, suggests Andrew Bailey

The Guardian - UK

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InsideEVs

Stellantis Resumes Construction On EV Battery Plant In Canada

Stellantis and LGES reached a new agreement with the Canadian government, which has pledged "to level the playing field" with the U.S. Inflation Reduction Act.

The Independent UK

Bank boss Bailey slams petrol companies for overcharging motorists

The Bank of England governor said petrol retailers have been ‘charging too much’

Tribune News Service

Matthew Yglesias: 'Bidenomics' became a doctrine by accident

A string of positive economic news — slowing inflation, an upward revision in gross domestic product, continued strength in the job market, signs of a nascent surge in factory construction — has the Biden administration going all out to define “Bidenomics” as the doctrine of our time.

The Guardian - UK

FTSE 100 hits lowest closing level of 2023 as interest rate rise fears grip markets – business live

FTSE 100 index posts biggest one-day fall since March, as strong US jobs report fuels fears of even higher US interest rates

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news in one place.

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TechRadar

TechRadar Special Report: tech fans choose gadgets over Netflix and socializing

A major new survey from TechRadar has revealed the impact of high inflation on consumer tech buying habits.

The Independent UK

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Hindu

Data | Why Centre’s denial of rice through OMSS hits Karnataka the most

The Congress-led Karnataka government has been facing challenges in fulfilling its promise of providing five kg of rice to Below Poverty Line (BPL) and Antyodaya card holders. The Centre’s discontinuation of the Open Market Sale Scheme (OMSS), which provided surplus grains, has put Karnataka in a difficult position. This move…

The Independent UK

Biden is heading to South Carolina to show his economic agenda is keeping even red states humming

President Joe Biden is heading to South Carolina to make the case that his economic agenda is helping keep even red states humming

Bangkok Post

Panel trims export growth forecast

Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.

Evening Standard

We won’t be able to steady the ship on inflation while wages speed on

City comment: Business costs are falling sharply. Except one: salaries

The Independent UK

Bank of England may have to hike interest rates to 7% to curb inflation, economists warn

Fears heighten for UK economy and household budgets as expert says ‘hard landing increasingly likely’

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