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The Latest Breaking News from Inflation

Dow climbs 20% from low as stocks rally and inflation fears ebb

U.S. stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling U.S. inflation raised hopes that the central bank will become less aggressive on interest-rates hikes.

Tribune News Service

Fed will work to reduce inflation 'until the job is done': Board governor

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

Tribune News Service

Citi CEO Jane Fraser: ‘If grandma’s investing in crypto, we better have protections in place.’

Until investor protections are established, traditional banking won't fully jump into the crypto fray.

Fortune

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BoT hikes policy rate as recovery gathers steam

The Bank of Thailand believes the country's economy will take off in the final quarter of this year and return to pre-pandemic growth levels.

Bangkok Post

Aging boomers are making it harder to tame inflation

Older Americans aren’t returning to the workforce, and that has major implications for inflation and the U.S. economy long term.

Fortune

Are energy costs expected to rise this winter?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

USAFacts

Elon Musk just accused the Fed of ‘massively amplifying’ the risk of a severe recession

The Tesla and Twitter CEO has suffered major stock dips this year, but there’s little chance of a Fed pivot.

Fortune

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Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

The Guardian - US

3 Safe-Haven Stocks It's Never a Bad Idea to Own

The Fed’s aggressive monetary policy stance created immense recession fear until the inflation showed signs of cooling down in October, and the policymakers hinted at a slower pace of rate hikes. Amid such an uncertain macroeconomic scenario, investors could consider buying safe-haven stocks Johnson & Johnson (JNJ), The Coca-Cola Company…

StockNews.com

Food prices soar to record high with three products being most expensive

Inflation recently skyrocketed to the highest rate in two decades, having a huge impact on the price of food and drinks.

Daily Record

Fed chair Powell: No "clear progress" toward lower inflation

"We have more ground to cover," Powell said on Wednesday.

Axios

Powell: Fed to keep rates higher for longer to cut inflation

Fed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflation

The Independent UK

2 Stocks You'll Be Glad You Bought at These Prices

With inflation finally showing signs of cooling down and the Fed hinting at less aggressive interest rate hikes, the stock market is experiencing a modest rally. Analysts believe the economy is resilient enough to avoid a recession and attain a soft landing. Therefore, investors could now invest in attractively priced…

StockNews.com

Amazon says it had its biggest Thanksgiving shopping weekend

Amazon said Wednesday the Thanksgiving holiday shopping weekend was its biggest ever, aided by a record number of shoppers looking for deals amid high inflation

The Independent UK

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The Conversation

Egg shortage: a nutritionist on the best egg alternatives

Eggs are currently in short supply, with shops and supermarkets limiting their sales. The main cause of this shortage has been blamed on the avian (bird) flu which has risen to a record number of cases. However, egg producers are also reporting that the egg shortage is due to the…

StockNews.com

3 Stocks You'll Be Thankful You Own This Winter

Amid cooling inflation, the Fed is most likely to lower its pace of rate hikes over the next months. However, inflation could still remain relatively high next year. Hence, fundamentally strong stocks Lowe's Companies (LOW), Centene Corporation (CNC), and Kroger (KR) might be ideal investments for this winter. Read more.

Birmingham Post

Loungers' profits dip but bosses 'optimistic' for Christmas - and plan to open more sites in 2023

The company said it had been buoyed by more openings but had been impacted by rising food and drink inflation

Glasgow Live

10 December money changes from DWP Christmas bonus to Pension Credit cut off

There are a number of key dates for your diary in the coming months, with the lead up to the festive season an expensive time. Here are some days to look out for in the coming weeks.

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Daily Mirror

Which foods are rocketing in price and why - as prices go up by faster than inflation

Supermarket shoppers are grappling with increased prices for their groceries, with soaring food costs due to the war in Ukraine, high fuel prices, bird flu and more

The Guardian - AU

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

Evening Standard

Eurozone inflation slowdown raises hopes that price rises may be near their peak

Energy price rises ease while the pace of increasing food costs accelerates, with all eyes on the ECB’s next rate call

The Times of India

India to sustain growth through more govt capital spending: Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman said on Wednesday that India's macro economic fundamentals are strong and inflation is at manageable level.

StockNews.com

3 Stocks That Still Have Room to Run

With the October inflation report showing signs of cooling and anticipations of a slowdown in interest rate hikes, the stock market looks poised to extend its recent rally. Hence, it could be wise to invest in fundamentally sound stocks Pfizer (PFE), Cisco Systems (CSCO), and Raytheon Technologies (RTX) that still…

The Times of India

Indian economy grows 6.3% in Q2 of FY23; services shine, manufacturing & mining sectors drag

NEW DELHI: India's gross domestic product (GDP) for the period July-September 2022 grew by 6.3% , data released by the government showed on Wednesday.

Fortune

CFOs are pulling out their recession playbooks. But persistent inflation is still a worry

“We've been operating at near recessionary production levels for the last three years,” American Axle CFO Christopher May said.

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