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The Latest Breaking News from Inflation

Mortgage holders are likely to see repayments jump even higher as the inflation dragon proves harder to slay than expected.

AAP

Deranged diners, inflation and staff shortages: American restaurants are struggling

Covid rules have been lifted – but things aren’t back to normal for staff or customers

The Guardian - US

EXPLAINER: What's up with the Bank of Japan's unique track?

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1%

The Independent UK

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The 'Experts' Were Never Going To Fix Inflation

The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.

Reason

Inflation buffer for Qld public servants

A cost of living clause weighed against the consumer price index has been included in a pay offer for Queensland public servants.

AAP

Why is the cost of living going crazy even as the Reserve Bank raises rates?

Overseas issues and a wildfire housing market have combined to drive inflation growth that hasn’t been seen for decades

The Guardian - AU

Manufacturing to thrive despite threats

Thailand's manufacturing sector is expected to keep growing next year following the easing of Covid-19 infections, but economic challenges caused by high inflation and the impact of the Russia-Ukraine war could cause a bumpy ride, according to analysts.

Bangkok Post

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Your Thanksgiving turkey might be pricey

A looming turkey shortage coupled with inflation means that Thanksgiving is going to really cost you this year

Salon

‘Winter is coming’: Commercial property sector plans for recession

DALLAS – Commercial real estate industry leaders are preparing for tougher times – tighter lending, higher interest rates and likely a recession.

Tribune News Service

WA nurses' industrial action ramps up as unions still at loggerheads with government in dispute

WA's public sector wages dispute is far from over, with nurses ratcheting up their industrial action as police begin their own.

ABC News

Soaring Inflation Pushes Halloween Candy Prices Scary High

Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.

Bangkok Post

Extra Money in Your Pocket? Put These 3 Stocks to Work

With the Fed on track to approve another significant interest rate hike and willing to risk recession to bring inflation under control, the stock market is expected to remain under pressure in the upcoming months. Hence, it would be wise to invest in fundamentally strong stocks Comcast (CMCSA), Hackett (HCKT),…

StockNews.com

These Growth Stocks Could Make You Rich Over the Next 5 Years

The stock market has been under immense pressure this year amid the skyrocketing inflation and the Fed’s aggressive stance to control it. However, stocks have witnessed a relief rally this month. Irrespective of the market conditions, we believe investing in quality growth stocks Marathon Petroleum (MPC), Forrester Research (FORR), and…

StockNews.com

Sunak dismantles remainder of Truss legacy on first full day in office

Prime minister abandons fracking and refuses to guarantee pensions triple lock or defence spending rise

The Guardian - UK

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ABC News

Inflation means your wages are worth less. Will they rise to catch up?

Restaurant workers with six months' experience are asking for $100,000. But, in most places, wages growth is still falling well short of inflation.

Chicago Sun-Times

Lightfoot proposes annual pay raise for Chicago’s mayor capped at 5%

The salary of Chicago’s mayor hasn’t gone up since Mayor Richard M. Daley held the job in 2005. Also on Wednesday, the council approved a resolution of support for the Jewish community, citing recent antisemitic comments by the rapper formerly known as Kanye West.

The Independent UK

With inflation sticking around, Biden targets 'junk fees'

With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers

Kiplinger

Save Money On Utilities With A Home Energy Audit

With rising energy prices and inflation, now's a great time to check the efficiency of your home and find the most cost-effective fixes.

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StockNews.com

2 High-Quality Names It’s Time to Scoop Up

The Fed is expected to launch another outsized rate hike next week as it continues to fight inflation, leading to growing recession possibilities. Amid this, investing in fundamentally robust stocks, Microsoft (MSFT) and TravelCenters of America (TA), could help navigate this uncertain environment. Read on.

The Times of India

India to see highest salary hike in 2023, Pakistan in bottom five: Report

Soaring inflation is set to put a major dent in salary increases for the second year running in 2023, according to a new survey that sees just 37% of countries globally expecting to report real-term wage hikes.

The Independent UK

Rishi Sunak accused of leaving pensioners in ‘limbo’ after No 10 refuses to rule out scrapping triple lock

Inflation link on the table in talks ahead of chancellor’s tax-and-spend statement

Daily Mirror

Ten money changes happening in November including £330 pay boost for workers

We round up ten financial changes you need to be aware of in November, as the cost of living crisis continues to squeeze household budgets and pile pressure on Brits

Daily Mirror

Rishi Sunak could cut benefits AND ditch pensions triple lock in yet another U-turn

Downing Street today refused to guarantee the pensions triple lock in a move that would be a U-turn on a U-turn on a U-turn on a U-turn on a U-turn, leaving pensioners £443 a year worse off

StockNews.com

3 Stocks to Hedge Against Inflation

Despite the Fed’s aggressive rate hikes to slow consumer spending and tame inflation, rising prices show no signs of slowing down. Food stocks tend to fare better than others amid an inflationary environment, thanks to the inelastic demand for their products. So, we think investing in fundamentally strong stocks The…

The Independent UK

When are the midterm elections 2022?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

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