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The Latest Breaking News from Inflation

While the Fed’s interest rate increases have shown some success in easing inflation, the stronger-than-expected jobs report suggests that the Fed has more work to do. Continued interest rate hikes will likely push the economy into a recession. Amid an uncertain economic backdrop, it could be wise to buy shares…

StockNews.com

Analysis-Brazil central bank autonomy becomes political punching bag for Lula

Brazil's central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame it for economic woes.

Reuters

Germany's Scholz: New Russia sanctions planned around Ukraine war anniversary

Europe will tighten sanctions against Russia once again near the anniversary of the start of its invasion of Ukraine as a signal to Russian President Vladimir Putin, German Chancellor Olaf Scholz said on Wednesday ahead of a special EU summit.

Reuters

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Eight claims about Brexit which have proved totally untrue

Brexit campaigners made many promises that have not worked out that way

Wales Online

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The New Daily

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

France 24

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

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BoT ready to adjust if necessary

Bank of Thailand policy makers stuck by a pledge that monetary tightening should be gradual and measured, but noted it could be adjusted should the growth and inflation outlook change, minutes of their last meeting show.

Bangkok Post

Asian shares mixed after Wall St gains on Fed chair comments

Shares are mixed in Asia after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes

The Independent UK

‘Difficult’ times for households will continue in 2023

Scotland’s economy is predicted to shrink by 1% in 2023, before growing by 0.6% the following year

Insider UK

Inflation will add £18.2bn to UK non-food retail sales, shows survey

Survey shows 80 per cent of retailers planning to increase the price of products

The Independent UK

Inflation 'will add £18.2bn to UK non-food retail sales'

Report says rising prices are driving sales of £249bn for 2023, with 66% of consumers making inflation their biggest concern

Wales Online

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The Independent UK

State of the Union 2023: Data and context behind Biden’s address

Biden highlighted legislative achievements from his past two years and described his economic, health, climate, and safety priorities moving forward. Here are the facts and data.

USAFacts

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Bangkok Post

Monetary tightening faces challenges - Bank of Thailand

Thailand's rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth and inflation outlook shift from assessments, minutes of the meeting showed on Wednesday.

The Independent UK

Five key takeaways from Biden’s combative State of the Union address

The president toggles between the magnanimous bipartisan dealmaker and combative incumbent battling Republican heckling

Fortune

More people say they're worse off under Joe Biden than any president in 37 years

Biden's State of the Union speech detailed his plan to help create jobs and improve the economy amid high inflation.

AAP

Boral posts solid result under new CEO Bansal

Construction materials group Boral has recorded a substantial profit rise in its first reporting period under new CEO Vik Bansal despite inflationary pressures.

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The Independent UK

Transcript: Biden's second State of the Union address

Transcript of President Joe Biden's second State of the Union address, as prepared for delivery and as provided by the White House:

The Independent UK

State of the Union: Read Joe Biden’s full address

Read President Biden’s full State of the Union address

WEKU

Read President Biden's State of the Union speech

Read President Biden's State of the Union speech delivered on Feb. 7, 2023, as prepared for delivery.

The Guardian - AU

Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Guardian - US

Fed says more interest rate rises needed to cool inflation

Jerome Powell says disinflationary process ‘has a long way to go' as Biden is set to tout economic record at State of Union address

ABC News

Queensland homeowners who've never been flooded hit with steep insurance increases as effects of climate change and inflation kick in

A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.

Tribune News Service

Powell says further rate hikes needed and markets take heed

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.

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