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The Latest Breaking News from Inflation

Worries About Inflation Didn't Stop Voters From Approving Minimum Wage Increases

A minimum wage increase passed in Nebraska and appears to have done the same in Nevada. In D.C., tipped workers will get a possibly unwelcome increase as well.

Reason

Nurses’ strike: what’s at stake and how will it affect patients?

Health unions have rejected government’s pay offer while RCN seeks above-inflation pay rise

The Guardian - UK

Thursday's CPI Inflation Reading Is Critical: Here's What Investors Need To Know

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.7% on Wednesday morning ahead of a critical consumer price index (CPI) inflation reading on Thursday morning.

Benzinga

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4 Stocks You Can Purchase at a Discount in Q4

Aggressive monetary policy tightening by the Fed and red-hot inflation have led to a broad stock market sell-off this year. However, the Fed is expected to slow the pace of rate hikes in the coming months. Therefore, it could be the right time to invest in fundamentally solid stocks Oracle…

StockNews.com

Used Car Prices Down 15% Over 9 Months, Sign Of Inflation Coming Down?

Consumers looking to purchase a used vehicle in the fourth quarter of this year from used car marketplaces like Carvana Co (NYSE: CVNA) and Ca

Benzinga

Dems beating back Republican surge, but control of Congress unclear

Democrats topped Republicans in a series of competitive races, defying expectations that high inflation and President Joe Biden’s low approval ratings would drag his party to key defeats.

Chicago Sun-Times

Rising unemployment: economists sometimes say it's good for the economy, but are they right?

Signs of a global economic downturn are growing by the day. Inflation is still going up, debt is up and interest rates are up, which means that projections for growth are down. Put simply, the proverbial something is close to hitting the fan.

The Conversation

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Real-terms fall in UK nurses’ pay is part of wider trend

Doctors, teachers, police, MPs and even FTSE 100 bosses have all seen the worth of their pay packets shrink

The Guardian - UK

Nurses vote for first ever nationwide strike - see full list of NHS trusts affected

The strike will be the first of its kind, with the union's General Secretary calling it a “once in a generation chance to improve your pay and combat staff shortages” that put NHS patients at risk

Daily Mirror

Nurses across UK vote to go on strike for first time in dispute over pay

NHS braces for prolonged period of industrial action by health workers over the winter and into next year

The Guardian - UK

You can’t eat GDP: why Australian households are in for a massive, historic hit

Very smart people are nodding and suggesting the economy needs to slow to get inflation under control and, well, damn the consequences

The Guardian - AU

French unions stage major Paris metro strike as inflation bites

French labour unions are staging a major one-day strike for Paris public transport on Thursday, the latest industrial action that focuses on soaring prices.

Radio France Internationale

Dems show surprising strength; control of Congress unclear

Control of Congress hangs in the balance as Democrats have shown surprising strength, defeating Republicans in a series of competitive races

The Independent UK

Thousands march as Greeks strike over 'suffocating' inflation

Greek workers went on a day-long strike on Wednesday, demanding higher wages to cope with surging inflation, as Europe's soaring energy prices and living costs trigger industrial action and protests across the continent.

Reuters

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Reuters

Analysis-Bulgaria's euro zone entry threatened by election stalemate

Bulgaria's longstanding political deadlock threatens to delay its plan to adopt the euro on Jan. 1, 2024, at a time when the eurosceptic and pro-Russian Revival party is increasingly vocal and Bulgarians themselves are deeply divided about the euro.

Asharq Al-Awsat

Election Takeaways: No Sweep for the Republicans after All

For weeks, Republicans predicted a “red wave” would carry them to power in Congress, as voters repudiated majority Democrats for failing to tame skyrocketing inflation and address worries about rising crime. The reality appeared far different early Wednesday. Rather than a wholesale rejection of President Joe Biden and his party,…

The Independent UK

Tackling inflation more important than school budgets, Education Secretary says

The headteachers’ union has warned of a dire picture for English schools, with more than half looking at staff redundancies.

Reuters

Inflation brings end to beloved 114-year-old Japanese candy

A beloved Japanese candy eaten by generations, so iconic it even appeared in a hit anime film, has come to the end of the line, a victim of surging raw material and energy prices.

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Evening Standard

Minister braces Britain for painful tax rises and spending cuts to tackle inflation

A Cabinet minister on Wednesday braced Britain for painful tax rises and spending cuts to defeat runaway inflation.

Benzinga

US Stocks Poised To Lose Steam As Traders Digest Early Midterm Results And Eye Thursday's Inflation Data — Tesla, Disney, AMC In Focus Today

U.S. stocks look headed for a lower start on Wednesday, going by the trading in the index futures. Earnings disappointments and apprehension ahead of Thursday’s consumer price inflation report could serve to keep sentiment subdued.

Daily Mirror

Tory minister claims people are using foodbanks due to a broken 'relationship or boiler'

Education Secretary Gillian Keegan urged nurses not to strike over measly pay rises and claimed most use foodbanks due to broken 'relationship or boiler'

Boston Herald

Editorial: Election’s over. Now concentrate on inflation

Not so long ago, a 9-5 job was enough to pay the bills and put food on the table.

The National (Scotland)

Control of US Congress hangs in balance as Democrats show strength

CONTROL of the US Congress hangs in the balance as the Democrats showed surprising strength in the American midterm elections.

AAP

Energy prices top of mind for RBA

The second in command at the Reserve Bank says soaring energy prices could throw out its forecast and drive inflation even higher.

The Independent UK

Tackling inflation more important than school funding, education secretary says

Size of budgets ’irrelevant’ without firm grip on soaring prices, Gillian Keegan argues

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