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The Latest Breaking News from Inflation

Democrats celebrate law aimed at combating inflation amid focus on abortion

Biden and Democrats celebrate "inflation reduction" law as CPI report tanks markets. Meanwhile, GOP proposes national abortion limits.

Roll Call

How To Earn High Yields With Holiday Season Exposed Stocks

With inflation on the rise over the past 12 months, it should come as no surprise the consumer discretionary sector is the third-worst performing sector in the S&P 500, down roughly 20% year-to-date, as of Sept. 9.

Benzinga

Markets shudder on dashed inflation hopes; Dow down 1,000

Markets are shuddering following Wall Street’s sudden realization that inflation isn’t slowing as much as hoped. The Dow dropped more than 1,000 points Tuesday afternoon and the S&P 500 sank 3.6%.

Chicago Sun-Times

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Nasdaq Tumbles 500 Points, Crude Oil Down Over 1%

U.S. stocks extended losses midway through trading, following the release of inflation data for August

Benzinga

Canada's Trudeau announces C$4.5 billion inflation relief package for low earners

Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday intended to provide relief from high inflation to low-income families.

Reuters

What Are The Key Events In September To Look Out For? CPI, The Merge, FOMC & Vasil

September 2022 is going to be exciting. Although historically, this is a bad month for the stock markets. But it is not so for the crypto markets. In my humble opinion, there are a couple of key events that investors should be looking at very closely as they are all…

Benzinga

DWP benefits set to increase by record amount including Universal Credit

The Department for Work and Pensions is set boost benefits such as Universal Credit and disability payments by a record amount next year, with claimants potentially getting hundreds of pounds more

Glasgow Live

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Inflation set to remain static for first time in a year thanks to drop in fuel prices

The cost of petrol and diesel has fallen from record highs

Wales Online

3 Stocks to Avoid Even Though They're Ultra Popular on Wall Street

With the Federal Reserve’s hawkish stance to fight sky-high inflation and increasing odds of recession, fundamentally weak stocks may struggle to stay afloat in the near term. Thus, we think shares of NVIDIA (NVDA), Snap (SNAP), and Avaya Holdings (AVYA), even though they are ultra-popular on Wall Street, could be…

StockNews.com

US Stocks Open Lower After Inflation Report, Dow Dips 700 Points

U.S. stocks traded sharply lower this morning, following the release of inflation data for August

Benzinga

Rising Grocery Prices Pushed Annual Inflation to 8.3 Percent in August

Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.

Reason

US inflation slows for 2nd month but remains stubbornly high

Consumer prices jumped 8.3 percent in August compared with a year earlier, new US data shows.

Al Jazeera

Gen Z struggles to save as inflation refuses to stop trending

Generation Z (Gen Z) is struggling to save and meet its financial goals in a world gripped with decades-high inflation and challenging economic conditions, a Bank of America survey showed on Tuesday.

Bangkok Post

Inflation eases for second month in a row but remains high at 8.3%

‘Overall, prices have been essentially flat in our country these last two months,’ Joe Biden says

The Independent UK

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Glasgow Live

Questions over future of £55m Eastwood leisure centre plan as inflation soars

Planning permission was granted for a new leisure centre and theatre in Eastwood Park in January but councillors have raised concerns over rising costs throughout the project's development.

StockNews.com

2 Potential Paths for the Stock Market

Labor Day is the unofficial end of summer. It's time to buckle down and get serious for the last 3 months of the year before things once again go on hiatus during the second half of December. Given the onslaught of news and historical developments, there's no reason to expect…

Daily Mirror

Shopping warning: Grocery bills top £5,000 a year due to soaring food inflation

Experts say households face shopping bills of more than £5,000 a year for their food and groceries, with some of the best-value products going up in price by a third

InsideEVs

Tesla May Offer Cheaper EVs Ahead Of Robotaxi Launch, Hints Exec

Tesla's prices are so high that even CEO Elon Musk is embarrassed about it. It's time for the automaker to fulfill its mission and make EVs for the masses.

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Birmingham Post

Unemployment in Wales lowest since 1974 but economic inactivity on the rise

The unemployment rate in Wales is lower than the UK as a whole but the reverse for economic inactivity

Tribune News Service

US inflation tops forecasts, cementing odds of big Fed hike

U.S. consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve.

Tribune News Service

US inflation tops forecasts, cementing odds of big Fed hike

U.S. inflation was firmer than expected in August, likely keeping the Federal Reserve on track for a third-straight 75 basis-point interest-rate hike.

Axios

Inflation rises in August as gas prices cool

Economists expected a slight decline.

The Guardian - US

Dow Jones plunges amid news of US inflation rates

Inflation slowed for the second consecutive month as energy costs fall

The Times of India

If finance minister doesn't see 'red' now, she does not represent average family: Chidambaram on retail inflation

NEW DELHI: Senior Congress leader P Chidambaram on Tuesday attacked finance minister Nirmala Sitharaman over retail inflation rising to 7 per cent, saying if she doesn't see "red" even now, it can be concluded that she does not represent the average family in India.

The Hindu

If FM doesn't see 'red' now, she does not represent average family: Chidambaram on retail inflation

CPI inflation was 6.71% in July and 5.3% in August 2021

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