Inflation Narrative Whiplash

What to know about inflation as data shows slight rise

if a rise in inflation becomes a trend it could affect the Federal Reserve's quest to reach its target rates and keep the economy healthy. CBS News' Kelly O'Grady has more on the new data.

What does the inflation rate increase mean for American consumers?

The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on ...

UK inflation falls sharply to 1.7%, below Bank of England's target for first time in over three years

Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England's 2% target since April 2021.

Business - CNBC - October 16

Odds of November interest rate cut jump as UK inflation drops to 1.7% – business live

UK inflation drops below 2% target in September , weakening pound and raising chances of an interest rate cut in November. Today’s report shows that prices in the UK are rising a little slower than ...

World - The Guardian - October 16

UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut

Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy ...

World - ABC News - October 16

British pound and bond yields dive as U.K. inflation hits lowest in more than three years

Traders boost rate cut bets after U.K. inflation dives below 2%

Business - MarketWatch - October 16

Rio Tinto's Australian Iron Ore Output Rises, but Miner Cautions on Cost Inflation

The world’s second-biggest miner by value said it produced slightly more iron ore from its Australian operations in the third quarter of 2024 but cautioned on inflation pressures.

Business - The Wall Street Journal - October 15

European Central Bank, seeing no signs of recession, cuts interest rates again

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after ...

World - ABC News - October 17

ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – business live

Rolling coverage of the latest economic and financial news. Newsflash: Inflation across the eurozone fell by more than initially thought last month, which may cement the chances of interest rate ...

World - The Guardian - October 17

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...