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The Latest Breaking News from Inflation

Asian shares track technology-led sell-off on Wall Street

Shares have declined in Asia following the release of U.S. inflation data that was worse than expected

The Independent UK

Health spending and cost of living major focus of Mark McGowan's WA budget

Mark McGowan says this year's budget aims to ease cost of living pressures, but welfare groups say it's not enough while unions describe the absence of a pay rise for public sector workers is a "kick in the guts".

ABC News

UK economy shrank 0.1% in March as inflation and Ukraine war takes toll

Risk of recession increases as economy goes into reverse, piling pressure on chancellor to offer help to struggling families

The Independent UK

From analysis to the latest developments in health,
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UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened

Calls for emergency budget grow as UK economy contracts unexpectedly in March, with consumers cutting back on spending, and car sector struggling

The Guardian - UK

Philippines’s GDP growth blasts past forecasts

Southeast Asian country’s gross domestic product expands 8.3 percent in first quarter.

Al Jazeera

Anthony Albanese narrows scope of pledge to support 5.1% pay rise to match inflation

Labor leader says stance only relates to those on minimum wage of $20.33 an hour and is conditional on industrial tribunal ordering increase

The Guardian - AU

Morrison stance on minimum wages branded ‘hypocrisy’ as student loans remain indexed at inflation rate

National Union of Students says the Liberal’s position on minimum pay increases is at odds with automatic indexing of student loans to CPI

The Guardian - AU

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Goldman predicts Thai interest rate hike in Sept

Hawkish expectations in Asia’s emerging markets are piling up as traders become increasingly convinced that central banks in the region cannot ignore the threat of domestic inflation any longer.

Bangkok Post

Bitcoin, Ethereum, Dogecoin Extend Losses On Inflation Report, Terra (LUNA) Fiasco: Whales Become 'Extremely Active' For This Coin

Major coins crashed sharply with Ethereum down more than 10% as the global cryptocurrency market cap dropped 10.25% to $1.3 trillion at press time.

Benzinga

Yes, $5 for lettuce is too much. Government should act to stem the rising cost of healthy eating

The cost of living is on the rise. The recent Consumer Price Index (a measure of inflation of a standard basket of goods) revealed Australians’ grocery baskets are one of the biggest casualties.

The Conversation

Biden mocks Trump as ‘the great MAGA King’ as he blames him for leaving US economy ‘on the brink of a Great Depression’

‘Under my predecessor, the great MAGA king, the deficit increased every single year he was president’

The Independent UK

Albanese Declared Winner Of Final Leaders’ Debate After Morrison Praised Him For Being … Poor?

Anthony Albanese has been declared the winner of the third and final leaders’ debate of the election campaign but we can't get our hopes up.

Pedestrian.tv

President Biden seeks to unite electricians in Chicago and farmers in Kankakee behind him — and against Putin

In Kankakee, Biden sought to focus farmers’ anger on Russian President Vladimir Putin and “Putin’s war.” In Chicago, an animated Biden detailed his infrastructure plan’s creation of jobs at the International Brotherhood of Electrical Workers’ International Convention.

Chicago Sun-Times

Senate confirms Black economist to Federal Reserve Board

The Senate has confirmed economist Phillip Jefferson to the Federal Reserve’s Board of Governors

The Independent UK

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Benzinga

Why Dogecoin Spin-Off Floki Inu Is Up 50% Today, Leaving Bitcoin And Ethereum In The Dust

Floki Inu (CRYPTO: FLOKI) is trading higher by some 49.13% to $0.00001159 Saturday morning.

The Independent UK

Confidence in household finances hits record low

Confidence in household finances over the short term hit an all-time low in the survey from YouGov and the Centre for Economics and Business Research.

The Independent UK

Little evidence of house price growth losing momentum, say surveyors

House prices have recently soared to a string of record highs.

Bangkok Post

Industry leaders warn of challenges ahead for Thai economy

Despite a gradual recovery projected for the tourism sector, Thailand's economy still faces a spate of challenges including the persistent pandemic and the impact of Russia's invasion of Ukraine, which has disrupted global commerce, pushed up oil prices and threatened food supplies.

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news in one place.

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Benzinga

Why Bitcoin Gold Is Falling Sharply Today

Shares of several popular altcoins, including Bitcoin Gold (CRYPTO: BTG), are trading lower again Wednesday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethere

Benzinga

Why Baby Dogecoin Is Diving Today

Shares of several popular altcoins, including Baby Dogecoin (CRYPTO: BABYDOGE), are trading lower again Wednesday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethereum

Tribune News Service

White House ties Republicans to a tax-increase plan disowned by GOP

WASHINGTON — President Joe Biden, in his battle to craft a winning message on the fight to tame decades-high inflation, has sought to tie Republicans to a plan that calls for higher taxes on low-income Americans.

Reason

Will Bitcoin Billionaire Investor Michael Saylor End up at McDonald's?

The MicroStrategy CEO and biggest corporate owner of bitcoin is HODLING for the long haul, come bull or bear market.

Benzinga

DXY: US April CPI Keeps Inflation Fears Alive

Those who awaited US April CPI data hoping for a summary execution of the inflation narrative walked away from Wednesday’s release disappointed. But the reality is that inflation, although falling, is not doing so quite at the rate most were expecting. For the time being, traders will need to balance…

Tribune News Service

Dallas Fed appoints first female president to succeed Rob Kaplan

Federal Reserve Bank of New York executive Lorie Logan will become the 13th president of the Dallas Fed and its first female chief following a seven-month search.

Bangkok Post

Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.

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