Inflation

The cost increases comes as two-thirds of American consumers struggle to afford daily grocery expenses.

Australian Council of Trade Unions (ACTU) is calling for pay rise based on gender for women in ‘key feminised industries.’

A policy group this week warned that the U.S. Department of Treasury’s proposed budget could significant increase taxes for certain Americans.

Next inflation stop will be the consumer price index.

‘Deficits which basically aren’t going to go away as far as the eye can see,’ JPMorgan CEO Jamie Dimon said, while warning of stagflation.

Japan is still the largest holder, while Belgium was the top buyer in February.

Further progress in the battle against inflation boosts expectations of interest rate cuts to be announced by the Bank of England.

While the recent job numbers ‘look shiny from a distance,’ economic forecaster Sean Snaith said that ’there’s a little bit of tarnish.’

There are concerns the cost-of-living adjustment hike won’t help in countering elevated prices, thus putting beneficiaries in a financially challenging position

‘Further performance deterioration could be on the horizon,’ a Fed report warns.

‘Inflation is still a major problem. It will take a long time to fix the mess created by reckless fiscal and monetary policies,’ Mike Pompeo said of the data.

The president says he’s confident a rate cut is coming this year.

The Bank of England has, on numerous occasions, indicated it needs to see sustainable easing of inflation before it could move to cut interest rates.

‘There seems to be a large number of persistent inflationary pressures, which may likely continue,’ Mr. Dimon wrote.

The path to the Federal Reserve’s 2 percent target could be bumpy.

The U.S. Postal Service this week said it will try to hike the price of first-class stamps by 5 cents starting this summer.