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The Latest Breaking News from Inflation

Fed Governor Says Traditional Econ Data May Not Be Keeping Up With Inflation: 'Often A Mistake'

A Federal Reserve governor has suggested that traditional data sources and lagging economic indicators might not cut it anymore.

Benzinga

Former Colombian finance ministers criticize Petro comments on central bank

A string of former Colombian finance ministers criticized the Andean country's President Gustavo Petro on Thursday after he took to Twitter to question the central bank's decision to hike its benchmark interest rate last week.

Reuters

Fed's Cook says more rate hikes needed to combat inflation

Federal Reserve Governor Lisa Cook says more interest rate increases will be necessary to wrestle inflation under control

The Independent UK

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Many California GOP candidates are against abortion. They just don’t like to talk about it

SACRAMENTO, Calif. — California Republicans are heading into the midterm elections with messages for voters on everything from inflation to crime and education to homelessness.

Tribune News Service

NHS England could face £7bn budget shortfall next year, finance chief warns

Julian Kelly says potential sharp increase in funding gap due to Covid, bill for NHS staff pay rises and inflation in supply costs

The Guardian - UK

US midterm elections: Five economic issues to watch

Inflation is on the minds of American voters as they head to the polls next month to decide who will control Congress.

Al Jazeera

Hundreds of NHS vacancies in Bristol as record numbers of staff leave the sector

The Royal College of Nursing Union is asking members if they want to take industrial action

Bristol Post

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Chamber senses trepidation ahead of a tough winter as Humber's economic prospects dulled

Third quarter survey data has been crunched

Birmingham Post

EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

Oil cartel OPEC and its allies are cutting production

The Independent UK

Can These REITs Keep Paying 9% Dividend Yields?

With inflation recently soaring over 8%, many income investors would love to acquire dividend stocks that pay out more than 9% annually. But are high-yielding real estate investment trusts (REITs) also good stocks to own? Many are sharply off their 52-week highs. Are dividend cuts in their future? Here are…

Benzinga

'The Federal Reserve is doing a bad job': Economist Steve Hanke

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year. "The Fed is doing a bad job because they don't…

France 24

Ex-Tory minister willing to get ‘kicked out’ of party by rebelling on benefit cuts

Johnny Mercer vows to defy whip and claims Liz Truss ‘urinating’ on promises

The Independent UK

The Political Class Has Consistently Ignored Warnings of Fiscal Doom. Now Americans Are Paying the Price.

Warnings of inflation and rising interest rates have long been tied to high and rising debt levels.

Reason

Liz Truss: this is what happens when governments pursue growth at all costs

When Chancellor Kwasi Kwarteng unveiled his mini-budget on September 23, he was making it clear that the government is prioritising economic growth over inflation – which was one reason the financial markets reacted so badly to his plan.

The Conversation

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StockNews.com

4 EV Stocks You Don't Want to Hitch a Ride Within 2022

Despite growing EV demand and supportive government policies, the industry has been struggling with numerous challenges, including supply chain issues, chip shortages, material inflation, and inadequate charging infrastructure. So, considering the headwinds, we think it could be wise to avoid fundamentally weak EV stocks Lucid (LCID), Nikola (NKLA), Faraday Future…

Chronicle Live

Fears that families claiming Universal Credit from DWP face losing £1000

UK's poorest households with children stand to get far less than expected next year if Government changes the way increases are worked out

The Independent UK

More Americans apply for jobless benefits last week

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy

The Independent UK

What does inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

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The Independent UK

How do interest rates affect inflation?

Borrowing costs at their highest level in 14 years

Liverpool Echo

300,000 NHS nurses to vote to strike for the first time as pay shrinks

New research has shown the average weekly pay for NHS nurses was reduced by six percent in real terms in the last decade

Salon

OPEC's October surprise: Gift to GOP

Who benefits from higher oil prices and a new spike in inflation? Mitch McConnell and Kevin McCarthy, for starters

The Texas Tribune

With rents rising fast, Texas homeless shelters see more families seeking help

Amid rising housing costs and relentless inflation, an increasing number of Texans are struggling to pay their rent and stay in their homes.

WEKU

NPR poll shows Biden's approval rating is up but there are warning signs for Democrats

The president's approval rating is up to 44%, but 7-in-10 people say the country is going in the wrong direction, and young and Black voters are among the least likely to vote this fall.

Manchester Evening News

Families face grocery bill increase of '£100 a week' by 2030, warns financial experts

Inflation rates are being driven up by the rising cost of energy, supply-chain issued, and labour shortages

France 24

Macron's European Political Community holds inaugural meeting amid Ukraine war

The leaders of 44 European countries stretching from Iceland all the way to Turkey met Thursday in what many said was a united stand against Russia's war on Ukraine, as an energy crisis and high inflation fueled by the conflict wreak havoc on their economies.

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