Economists divided on Fed rate hike as inflation creates uncertainty in run-up to US midterm elections in a tense market. United States consumer prices jumped in September in the final inflation report before the midterm elections, increasing chances of an interest rate hike later this month. Annual inflation accelerated to 3.7 percent, up from 3.4…
September brought little relief to the accelerating cost of living, as consumer prices increased again and kept the inflation rate well above the Federal Reserve’s goal. The consumer price index, a broad measure of goods and services costs across the U.S. economy, rose a seasonally adjusted 0.6% for the month, putting the 12-month rate at…
DEVELOPING STORYDEVELOPING STORY, The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the United States. The United States Federal Reserve has said it will raise interest rates by a quarter of a percentage point as inflation, driven by soaring fuel prices amid the US-Iran war,…
Customers re-fuel their cars at a petrol station as Brent crude oil prices hit $100 per barrel for the first time since May on July 23, 2026 in London, England. Leon Neal | Getty Images News | Getty Images The U.K.’s annual inflation rate jumped to 3.1% in August, pushed up by surging gasoline and…
President Donald Trump speaks on the first day of the 2026 Republican National Convention at the American Airlines Center in Dallas, Texas, Sept. 9, 2026. Alex Wong | Getty Images President Donald Trump‘s promise of a $5,000 election “dividend” check to every adult in the U.S. comes at a time when many Americans are feeling…
JACKSON HOLE, Wyo. — President Donald Trump’s new Federal Reserve chair said Friday that although measures of inflation are still elevated, it is not yet clear that the central bank must take urgent action to address rising prices. The speech at the Fed’s yearly retreat at Jackson Hole had been eagerly anticipated after a rocky…
Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling. Published On 26 Aug 202626 Aug 2026 Inflation in the United States is holding steady well above the Federal Reserve’s 2 percent target for the 65th straight month, intensifying the debate about whether the US central bank should hold or increase…
South Africa’s headline consumer inflation slowed to 4.3% year on year in July from 5% in June, data from Statistics South Africa showed on Wednesday, breaking a four-month run of accelerating prices. Economists polled by Reuters had expected inflation would ease to 4.5%, helped by lower transport costs as fuel prices retreated after a temporary…
US prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show. Energy remained volatile as the Middle East conflict has continued. While gasoline prices were down 2.9% in July compared to June, they were up 24.6% over the year. Month to month, inflation rose…
South Africa’s headline consumer inflation accelerated faster than expected to 5% year on year in June, from 4.5% in May, data from Stats SA showed on Wednesday. The June print marks the fourth consecutive month of accelerating inflation — the rate has climbed steadily from 3% in February, when it briefly touched the Reserve Bank’s…
