inflation

All the recession warning signs this week |  CNN Business

All the recession warning signs this week | CNN Business

New York CNN , It’s the question everyone is asking: Are we about to enter a recession? A tepid stock market, soaring inflation, and rising interest rates have left Americans less than optimistic about the state of the economy. Consumer sentiment has plunged to a record low, according to a University of Michigan survey released …

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UK inflation hits new 40-year high of 9.1% as food and energy price surge persists

UK inflation hits new 40-year high of 9.1% as food and energy price surge persists

More than four in five people in the UK are worried about rising living costs and their ability to afford basic necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | Afp | Getty Images LONDON — UK inflation hit 9.1% year-on-year in May as souring food and …

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US recession this year 'more likely than not,' analysts warn

US recession this year ‘more likely than not,’ analysts warn

The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. “Disruptions in the energy and food sectors, coupled with declining consumer sentiment, are contributing to a looming economic slowdown in the US and …

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Jeremy Siegel says 100 basis point rate hike is 'medicine to stop this inflation'

Jeremy Siegel says 100 basis point rate hike is ‘medicine to stop this inflation’

Wharton’s Jeremy Siegel is calling for a 100 basis point rate hike, and says markets may be “close to the bottom.” A 100 basis point rate hike by the Federal Reserve on Wednesday will be “medicine to stop this inflation,” the Wharton professor of finance at the University of Pennsylvania told CNBC on Wednesday. “The …

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No, you're not going crazy - package sizes are shrinking

No, you’re not going crazy – package sizes are shrinking

It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide. In the US, a small box of Kleenex now has 60 tissues; a few months ago, it had 65. Chobani Flips …

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Australia's central bank raises rates by 50 basis points in hawkish surprise

Australia’s central bank raises rates by 50 basis points in hawkish surprise

People walk past the Reserve Bank of Australia building in Sydney. On May 3, 2022, Australia’s central bank raised interest rates for the first time in more than a decade to curb souring consumer prices. Saeed Khan | AFP | Getty Images Australia’s central bank on Tuesday raised interest rates by the most in 22 …

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Euro zone inflation hits yet another record high as food and energy prices soar

Euro zone inflation hits yet another record high as food and energy prices soar

A market in the city center of Bonn, Germany on Feb 5, 2022. Nurphoto | Nurphoto | Getty Images Prices in the euro zone continued their march higher in May, hitting a record high for the seventh month in a row. Inflation came in at 8.1% for the month, according to preliminary figures from Europe’s …

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Fed minutes point to more rate hikes that go further than the market anticipates

Fed minutes point to more rate hikes that go further than the market anticipates

Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, meeting minutes released Wednesday showed. Not only did policymakers see the need to raise benchmark borrowing rates by 50 points, but they also said similar hikes likely would be …

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