Q1 US GDP shows surprise slowing and uncomfortable inflation: U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot ...
reuters.com/markets/us/view-q1-us-gdp-shows-surprise-slowing-uncomfortable-inflation-2024-04-25/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US inflation edges up as Fed debates interest rate cuts: The rate of price increases picked up in February, as petrol and housing costs pushed higher.
bbc.com/news/business-68537965
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Reactions: India's March retail inflation eases to five-month low
reuters.com/world/india/view-indias-march-retail-inflation-eases-485-yy-2024-04-12/
Lagarde Declares ECB Independence From the Fed: Pencil in an ECB rate cut for June as the post-pandemic economies on both sides of the Atlantic diverge.
bloomberg.com/opinion/articles/2024-04-12/lagarde-declares-ecb-independence-from-the-fed
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Hunt 'would like to' cut taxes before general election if it can be done 'responsibly'
itv.com/news/2024-04-17/inflation-expected-to-cool-to-two-and-a-half-year-low
Biden, ahead of Super Bowl, tells snack companies to stop shrinkflation: U.S. President Joe Biden on Sunday called on snack companies to stop shrinkflation ...
reuters.com/world/us/biden-calls-snack-companies-stop-shrinkflation-2024-02-11/
India in pole position but rate cuts may have to wait a little longer: Assessment of current situation would suggest that MPC seems to find itself in a pole ...
financialexpress.com/policy/economy-india-in-pole-position-but-rate-cuts-may-have-to-wait-a-little-longer-3452557/
Australia’s inflation rate comes in lower than expectations in February at 3.4%: Consumer price index shows inflation moderating, which will feed into next RBA ...
theguardian.com/business/2024/mar/27/australias-inflation-rate-comes-in-lower-than-expectations-in-february-at-34
70pc households change food habits for high inflation: As many as 70 percent of the households in Bangladesh changed their food habits involuntarily to cope with ...
thedailystar.net/news/bangladesh/news/70pc-households-change-food-habits-high-inflation-3575701
Find savings at the grocery store in fruit and fish, one expert says: As food inflation eases at grocery stores, one expert notes how savings can be found at the ...
ctvnews.ca/business/find-savings-at-the-grocery-store-in-fruit-and-fish-one-expert-says-1.6815132
Inflation remains flat at 3.4% in January, fuelling hopes of RBA interest rate cut
theguardian.com/business/2024/feb/28/inflation-remains-flat-at-34-in-january-fuelling-hopes-of-interest-rate-cut
Quick Glance: Inflation Drops: Impact on Your Money
- Germany's inflation hits lowest level since June 2021, affecting consumers.
- Rising prices have burdened private consumption and the German economy.
- Experts predict further inflation decrease, yet caution prevails.
- CO2 price hikes and VAT rate changes impact inflation factors, as food prices rise.
Column: Cereal for dinner? It's one way to beat supermarket inflation: Strategies for coping with inflation and rising grocery prices? Coupons, bargain bins ...
latimes.com/california/story/2024-03-10/column-cereal-for-dinner-its-one-way-to-beat-supermarket-inflation
US stocks closed lower a day ahead of a key inflation reading that could heavily shape expectations for the timing of an interest rate cut from the Federal ... Show more
reut.rs/3wxDbwx
reut.rs/3wxDbwx
Shrinking inflation gives RBA chance to cut rates mid-year: The leap year might deliver enough extra activity to prevent the economy from contracting through ...
theage.com.au/politics/federal/shrinking-inflation-gives-rba-chance-to-cut-rates-mid-year-20240228-p5f8f2.html
Katsina residents cut consumption as inflation soars: Residents say they now go for only the most important items due to inflation.
premiumtimesng.com/regional/nwest/669328-katsina-residents-cut-consumption-as-inflation-soars.html
Mr Kipling maker to cut more prices after bumper festive sales: Premier Foods makes reductions on some lines but increases cost of own-brand products it makes ...
theguardian.com/business/2024/jan/23/premier-foods-mr-kipling-maker-cuts-prices
Rising shelter, healthcare costs boost US consumer inflation in December: U.S. consumer prices increased more than expected in December as Americans paid more ...
reuters.com/markets/us/us-consumer-prices-rise-more-than-expected-december-weekly-jobless-claims-fall-2024-01-11/
Quick Glance: Inflation and Your Money: What You Need to Know
- Inflation continues to slow, straining US households since early 2021.
- Estimate: Annual inflation rate to rise from 3.1% to 3.2% in December.
- Consumer price index well above the Federal Reserve’s 2% goal.
- Income and purchasing power have kept pace with inflation, according to Mark Zandi, chief economist of Moody’s Analytics.
Schnitzel prices and the culture war on the meat shelf: A ruling by the Constitutional Court could make the schnitzel more expensive. A chance for meat ...
profil.at/morgenpost/schnitzel-teuerung-und-der-kulturkampf-am-fleischregal/402736789
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada rate cut
financialpost.com/news/economy/inflation-rate-holds-steady-delaying-interest-rate-cut
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada rate cut
financialpost.com/news/economy/inflation-rate-holds-steady-delaying-interest-rate-cut
US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods: The United States is importing record amounts of beef this year and exporting less after ...
reuters.com/markets/commodities/us-reduces-beef-exports-cattle-herd-shrinks-squeezing-tyson-foods-2023-11-10/
Tory conference: Fact checkers call out senior Tory claims: THREE claims made by Cabinet ministers at the Conservative party conference have been found to be ...
thenational.scot/news/23833491.tory-conference-fact-checkers-call-senior-tory-claims/
'Less red meat and more chicken strips.' How soaring inflation alters French consumers' habits
lemonde.fr/en/economy/article/2023/09/30/less-red-meat-and-more-chicken-strips-how-soaring-inflation-alters-french-consumers-habits_6141990_19.html
Paid articlePaid
Grocery bill hack saves $100 per week: No, you’re not imagining it – everything is going up in price.
news.com.au/finance/money/budgeting/hacks-to-save-hundreds-off-your-monthly-grocery-bill/news-story/b80761e18e477c30a8dab2c8402bfa9a
UK supermarket Asda to launch new round of price cuts: British supermarket Asda will on Friday cut the prices of 226 own label products by an average of 9% ...
reuters.com/business/retail-consumer/uk-supermarket-asda-launch-new-round-price-cuts-2023-07-20/
Japan's retailers see earnings windfall as consumers tolerate inflation: Profits and rising share prices in the sector, undiminished by customer hesitancy ...
japantimes.co.jp/news/2023/07/19/business/retail-earnings-boj-inflation-forecast/
#BangkokPost : Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking to cut its export growth ... Show more
Panel trims export growth forecast
Panel trims export growth forecast
UK government urged to act as some meat and veg prices double in a year: Which? and other groups call for intervention as food industry figures gather for summit ...
theguardian.com/business/2023/may/16/uk-government-meat-veg-prices-which-rishi-sunak
The everyday groceries which have almost doubled in cost since last year: Prime Minister Rishi Sunak has been urged to intervene on behalf of shoppers struggling ...
itv.com/news/2023-05-15/some-meat-yoghurt-and-vegetables-double-the-price-of-a-year-ago-which
Under $5: Inflation-fighting meals my fussy family will actually eat: Despite the persistent cost of living crunch, there are still plenty of ways to get ...
theage.com.au/money/saving/under-5-inflation-fighting-meals-my-fussy-family-will-actually-eat-20230414-p5d0ku.html
Supply Chain Update: Why there’s reason to be optimistic. The pressure on foodservice supply chains is easing — but some risks remain. ow.ly/BLfY104yzqE
https://www.facebook.com/RestaurantNews/videos/151912461117120
facebook.com/RestaurantNews/videos/151912461117120
Chicken nuggets, tofu and bidets: Japan’s inflation story in 3 everyday items: Rapid price growth of popular products exemplifies challenge for central bankers ...
ft.com/content/4a0a12a6-c8c7-418e-9ed5-b1e97de71fe0
Paid articlePaid Loblaw president defends price of chicken; images shared are of 'specialty product'
ctvnews.ca/business/loblaw-president-defends-price-of-chicken-images-shared-are-of-specialty-product-1.6306133
Meet a Manitoba mom forced ‘to basically eat stuff from a can’ to survive financially
globalnews.ca/news/9400429/out-of-pocket-inflation-single-mother-food-cost/
Tyson stock price falls as inflation-weary customers buy less meat: "We got hit in the mouth in Q1 because of all the protein on the market ...
markets.businessinsider.com/news/stocks/tyson-foods-stock-price-tumbles-inflation-weary-customers-buy-meat-2023-2
Germany considers tax cut to lower food prices: In Germany, food prices have been on the rise for more than a year. To help households ...
dw.com/en/germany-considers-tax-cut-to-lower-food-prices/a-64429699
CHARLEBOIS: Lessons from a frivolous picture of overpriced chicken breasts: It all started with one reporter taking a simple, trivial picture of an overpriced ...
torontosun.com/opinion/columnists/charlebois-lessons-from-a-frivolous-picture-of-overpriced-chicken-breasts
Paid articlePaid
Here's the New Most Expensive Fast Food Chain: One popular chain hiked prices more than the rest, while another managed to lower menu costs.
cnet.com/home/kitchen-and-household/heres-the-new-most-expensive-fast-food-chain/
$37 chicken wasn’t Galen G. Weston’s fault, but Loblaw needs to repent nonetheless
theglobeandmail.com/business/commentary/article-loblaw-37-chicken-galen-weston/
LILLEY: Inflation is up, here is how to save at the grocery store: Prices have been going up for months, here is how to save money on your weekly grocery bill.
torontosun.com/opinion/columnists/lilley-inflation-is-up-here-is-how-to-save-at-the-grocery-store
Paid articlePaid UK to be second weakest performer of world’s big economies next year – OECD: Most countries’ forecasts cut as Ukraine war prompts ‘largest energy crisis since ...
theguardian.com/business/2022/nov/22/uk-growth-oecd-energy-crisis
New year, lower food tax in Kansas. Here’s what the cut means for your grocery bill
kansascity.com/news/state/kansas/article270709117.html
Tories are resorting to red-meat tactics as the UK breaks down: SOME year, and some year end! Four chancellors, three PMs, two monarchs and one abject ...
thenational.scot/politics/23213931.tories-resorting-red-meat-tactics-uk-breaks/
OPEC cuts oil demand growth forecast again as economic challenges mount: OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since ...
reuters.com/business/energy/opec-cuts-oil-demand-growth-forecast-again-economic-challenges-mount-2022-11-14/
Canada's Ontario to extend gas, fuel tax cut for a year: The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring ...
reuters.com/world/americas/canadas-ontario-extend-gas-fuel-tax-cut-year-2022-11-13/
Global economy approaching a recession, central banks unchained: Reuters poll: The global economy is approaching a recession as economists polled by Reuters once ...
reuters.com/markets/asia/poll-global-economy-approaching-recession-central-banks-unchained-2022-10-26/
Turkey's inflation hits 24-year high of 85.5% after rate cuts: Turkish annual inflation climbed to a new 24-year high of 85.51% in October ...
reuters.com/markets/asia/turkeys-inflation-hits-24-year-high-855-after-rate-cuts-2022-11-03/
These People Quit Higher-Paying Jobs for Better Work-Life Balance. Inflation Is Testing Their Mettle.
wsj.com/articles/some-americans-chose-work-life-balance-over-pay-inflation-is-testing-their-mettle-11667441838
Facebook parent begins mass layoffs as tech industry slashes jobs: Mark Zuckerberg, CEO of Facebook parent Meta, announced more than 11,000 layoffs as the ...
washingtonpost.com/technology/2022/11/09/facebook-layoffs/
Union: Orlando tourism workers need $18 an hour to survive: ORLANDO, Fla. (AP) — Workers in central Florida’s tourism industry are pushing to raise their minimum ...
apnews.com/article/inflation-travel-business-orlando-e431c99b21999b99819fa01acbb49765
Holiday dinner on a budget: experts offer tips to cut costs amid soaring food prices
globalnews.ca/news/9355748/holiday-dinner-inflation-grocery-prices/
Here’s what’s getting more expensive at the grocery store: Food is still getting more expensive, but at a slower pace than earlier this year.
cnn.com/2022/11/10/business/grocery-prices/
Redfin to cut another 13% of workforce, shutter RedfinNow: WASHINGTON (AP) — Online real estate broker Redfin is cutting 862 employees and shutting down its ...
apnews.com/article/inflation-economy-layoffs-prices-2237b908172cedc4fa741da8bda82f9e
Voters prefer Republicans on the economy, economists assess their plans to fix inflation
abcnews.go.com/Business/voters-prefer-republicans-economy-economists-assess-plans-fix/story
Hoping for a break on your grocery bill next year? Don't bank on it, new report suggests
cbc.ca/news/business/food-price-report-1.6670597
Fed may cut size of rate increases, but is not 'softening' inflation fight, Waller says
reuters.com/markets/us/feds-waller-may-cut-size-hikes-not-softening-fight-against-inflation-2022-11-13/
‘Everything is expensive’: Seniors cut back on socializing and meals as inflation pinches
cnn.com/2022/10/25/economy/inflation-impact-on-seniors/
Are You a Member of Gen Z Spending Too Much on Your Housing?: With today’s inflation and skyrocketing housing costs, 30 percent of monthly income designated for ...
nytimes.com/2022/11/18/realestate/gen-z-rent-mortgage.html
UK consumers face ‘bleak’ winter as food inflation hits new high: British Retail Consortium finds food prices rose 12.4% in November and warns of ‘dampened ...
ft.com/content/c0992ca9-0a5f-4264-b122-654086e8cb75
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Ovo Energy could pay customers to cut their energy usage at key times: Ovo Energy has joined the likes of Octopus Energy in signing up for the scheme where ...
bournemouthecho.co.uk/news/23155908.ovo-energy-pay-customers-cut-energy-usage-key-times/
Fed could lower interest rates in 2024, Williams says: New York Federal Reserve President John Williams on Monday said the U.S. central bank needs to press ...
reuters.com/markets/us/feds-williams-says-more-rate-rises-needed-sees-higher-unemployment-2022-11-28/
NEU strike: Teachers at Carmel College, St Helens to strike: TEACHERS at Carmel College will be on strike this Wednesday as part of action by the National ...
sthelensstar.co.uk/news/23155350.neu-strike-teachers-carmel-college-st-helens-strike/
Fed rate cuts to reach 200 basis points by mid-2024: Deutsche Bank: The first Fed rate cut will be 50 basis points in December 2023, followed by 150 basis points ...
markets.businessinsider.com/news/stocks/fed-rate-cuts-200-basis-points-mid-2024-recession-outlook-2022-11
How to eat healthy amid rising food costs? Expert says plant-based ‘all the way’: Experts say there are ways for Canadians to eat healthy when food is more ...
globalnews.ca/news/9315201/healthy-eating-inflation-cheaper-options-plant-based/
IRS hiring 700+ customer service reps amid wave of corporate layoffs: The IRS is hiring more than 700 new customer service representatives even as several large ...
foxbusiness.com/politics/irs-hiring-700-customer-service-reps-wave-corporate-layoffs
Turkey’s central bank cuts rate for fourth consecutive month despite high inflation
english.alarabiya.net/business/economy/2022/11/24/Turkey-s-central-bank-cuts-rate-for-fourth-consecutive-month-despite-high-inflation-
Railway workers, postal workers and nurses are planning strikes in the coming months.
Sky’s business correspondent Paul Kelso explains how you take industrial ... Show more
trib.al/il8Bi71
trib.al/il8Bi71
Factbox: Tax hikes and spending cuts: what is the new UK budget plan?: British finance minister Jeremy Hunt announced a series of tax hikes and a more austere ...
reuters.com/world/uk/tax-hikes-spending-cuts-what-is-new-uk-budget-plan-2022-11-17/
Quick Glance: SNP demands inflation-busting expenditure increases in Jeremy Hunt's Budget
- THE SNP has challenged the Conservative administration to deliver an inflation-busting rise in NHS and school expenditure to avert a winter crisis.
- With fixed devolved budgets facing real-term cuts from Westminster, the Scottish and Welsh governments have led demands for the UK Government to provide the additional funding needed to avoid strike action and maintain frontline services.
- The SNP's Westminster leader, Ian Blackford MP, said ahead of the UK Budget: "The Tory government has imposed real terms cuts to devolved budgets at the worst possible time – when public services are already under pressure from the impact of Brexit , Covid-19 and rising costs."
SC Christmas tree sellers expect strong demand but consumers will pay more this year
postandcourier.com/business/sc-christmas-tree-sellers-expect-strong-demand-but-consumers-will-pay-more-this-year/article_f9d80fa8-5397-11ed-a3af-5f73d5f71f85.html
New Income Tax Brackets for 2023 May Save You Money: The 2023 standard deduction, tax brackets and annual gift tax exclusion see big shifts amid high inflation.
money.usnews.com/money/personal-finance/taxes/articles/new-income-tax-brackets
The Sixth Form Bolton staff set to strike over pay: Bolton Sixth Form College is one of several institutions in the North West set to be affected by strike ...
theboltonnews.co.uk/news/23154244.sixth-form-bolton-staff-set-strike-pay/
Walmart lifts annual forecast, announces $20 bln share buyback: Walmart Inc (WMT.N) on Tuesday lifted its annual sales and profit forecast as demand for ...
reuters.com/business/retail-consumer/walmart-expects-smaller-drop-annual-profit-announces-20-bln-share-buyback-2022-11-15/
It's time to ask for that bonus: If you have ever thought about asking for a bonus, now is the time. In the age of inflation, you are effectively taking a pay ...
dallasnews.com/opinion/commentary/2022/11/27/its-time-to-ask-for-that-bonus/
The Worst Haircut I Ever Got, According To 8 Brave Souls: "Finally, I did what anyone else would do when receiving a bad haircut: I cried a little and just wore ...
huffpost.com/entry/worst-haircut-i-ever-got_l_63692211e4b020eb3d6f349a
Stock market outlook: No rally until Fed starts cutting interest rates: "As long as central banks raise rates or keep them at current high levels ...
markets.businessinsider.com/news/stocks/stock-market-outlook-no-rally-until-fed-cuts-interest-rates-2022-11
Evidence Builds For Painful Housing Recession: The data for the housing market looks increasingly bleak across most indicators. The main positive is that prices ...
forbes.com/sites/simonmoore/2022/11/15/evidence-builds-for-painful-housing-recession/
Has your house cleaner raised their price? They probably will soon: From products to gas for driving from house to house, the costs of operating a cleaning ...
theglobeandmail.com/investing/personal-finance/household-finances/article-house-cleaning-prices-inflation/
Paid articlePaid Walmart lifts annual forecast, announces $20 bln share buyback: Walmart Inc (WMT.N) on Tuesday lifted its annual sales and profit forecast as demand for ...
reuters.com/business/retail-consumer/walmart-expects-smaller-drop-annual-profit-announces-20-bln-share-buyback-2022-11-15/
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