Inflation

Some economists advocate a return to the gold standard, criticizing the fiat currency system as the root cause of government overspending and inflation.

The higher than expected rise in inflation could move the Bank of England to withhold interest rate cuts in December.

Some of the benefits of BPIC include 300 percent hourly rates during Christmas, and stopping work when temperatures reached 35 degrees Celsius.

The number of public servants in every state has increased between 2023 and 2024.

California accounted for four of the top five least affordable metros: San Jose, Los Angeles, San Diego, and San Francisco.

The incoming administration’s plans for looser fiscal policy and tighter immigration policy make a strong case for a dollar rally, ING Bank said.

RBA says current forecasts do not predict inflation returning sustainably to the target midpoint of 2.5 percent until 2026.

‘Reports are consistent with the Fed making another interest rate cut at their post-election decision next week,’ economist Bill Adams said.

As vehicle prices continue to rise at a rate greater than overall inflation, Americans are struggling to pay for the cars they already purchased.

Australian Bureau of Statistics on Oct. 30, revealed a drop in inflation to 2.8 percent, the lowest level recorded in almost 4 years.

Economists are raising concerns about underlying inflation, particularly the trimmed mean inflation rate, which stands at 3.5 percent.

ABS data shows CPI inflation fell to 2.8 percent in September, down from 3.8 percent in June, driven by government rebates and lower fuel prices.

Sentiment strengthened in October, buoyed by brighter labor market expectations and renewed optimism about the direction of the economy post-election.

The biggest rodeo event in the Southern Hemisphere did not receive a helping hand from the government after low attendance numbers in August.

Chalmers ruled out changes to negative gearing. The review so far showed they wouldn’t address the housing supply crisis.

America’s manufacturing sector continued its decline in September, with falling factory orders pointing to weak growth into 2025.

Global economic output expected to be 3.2 percent in 2024 and 2025.

An improved economic outlook for the UK includes higher than expected GDP expansion this year.