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The Latest Breaking News from Inflation

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

Bangkok Post

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The Conversation

UK to have one of the highest inflation rates of any developed economy, OECD warns

THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…

The National (Scotland)

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Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine

The Independent UK

Afternoon Update: Lowe says struggling Australians could work more; Fraser Island renamed K’gari; and the origins of masturbation

RBA governor warns against idea that all workers’ wages should rise in line with inflation

The Guardian - AU

This TikToker Is Explaining Inflation For The Girls And Finally, I Think I Get It

This made complete sense, I feel enlightened.

Pedestrian.tv

Jeremy Hunt expresses concern about cost of living crisis after OECD forecast

Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20

The Guardian - UK

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Bitcoin, Ethereum, Dogecoin Flat Amid Inflation Fears: This Could Signal ETH ‘On Its Way’ To $2K

Major cryptocurrencies traded flat on Sunday evening even as investors appeared less concerned as the U.S. avoid debt default.

Zenger

Rishi Sunak to flag Inflation Reduction Act concerns in talks with Joe Biden

He will also push for action on artificial intelligence (AI) regulation and seek greater economic co-operation with the US.

The Independent UK

Interest rates blame game continues – as it happened

This blog is now closed

The Guardian - AU

Inflation-beating pay rises can’t be widespread: RBA

RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.

The New Daily

Struggling Australians can cut back spending or work more to get into ‘positive cash flow’, Philip Lowe says

The Reserve Bank governor says rates will keep being lifted if necessary, despite ‘significant financial pressure’ for some

The Guardian - AU

Inflation declines to 21-month low

The country's rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June.

Bangkok Post

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily

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StockNews.com

1 Must-Buy Retailer Stock, 2 to Sell

Despite persistent inflation, consumer spending has remained robust lately, boosting the retail industry’s growth prospects. Therefore, retailer stock Build-A-Bear (BBW) could be a wise investment due to its solid fundamentals and bright growth outlook. However, struggling retailer stocks SIGNA Sports (SSU) and Rent the Runway (RENT) might be best avoided…

StockNews.com

3 Luxury Stocks to Invest In

Despite the uncertain macroeconomic conditions, the luxury industry has remained resilient. As inflation continues to ease and consumer spending remains strong, it could be wise to invest in fundamentally strong luxury stocks, TJX Companies (TJX), Weyco Group (WEYS), and J.Jill (JILL). Keep reading.

StockNews.com

Buy, Sell or Hold? Nike (NKE) and Foot Locker (FL)

Sticky inflation, the Fed’s aggressive rate hikes, and the US banking sector turmoil is paving the way for a recession this year. Thus, I think this is not the right time to consider investing in Foot Locker (FL) and NIKE (NKE). Read on.

The Hindu

A.P. Secretariat CPS Association demands govt. to revert to Old Pension Scheme

The Andhra Pradesh Secretariat CPS Association has demanded that the State government restore the Old Pension Scheme (OPS) and do away with the Contributory Pension Scheme (CPS) instead of the proposed Guaranteed Pension Scheme (GPS). In a letter submitted to the Principal Secretary (HR), Finance Department, on June 6 (Tuesday),…

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The New Daily

Economists warn worst is yet to come after June interest rates rise

The June interest rates hike might not be the last, either, with RBA boss Philip Lowe saying more may still be needed.

Barchart

Futures are Signaling a Muted Open for Wall Street as Investors Weigh Economic Outlook

June S&P 500 futures (ESM23) are down -0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.06% this morning after three major U.S. benchmark indices finished the regular session lower as weaker-than-expected U.S. economic data stoked investor concerns about the health of the economy.

The Guardian - AU

Political point scoring over latest RBA rate rise won’t help those feeling the ‘painful squeeze’

How high must rates go to choke inflation? Blaming Labor’s budget, price-gouging businesses or the national wage increase isn’t an answer

WEKU

Sky-high egg prices are finally coming back down to earth

The industry is recovering from a massive bird flu outbreak and high inflation rates, but prices may not fall to what they once were.

The Conversation

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

The Independent UK

Australian central bank boosts cash rate to 4.1% with 12th hike

Australia’s central bank has lifted its benchmark interest rate for a 12th consecutive time to 4.1% and warned further rises could follow

The New Daily

‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

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