Inflation

Britain hit by biggest day of strikes in a decade as pay disputes escalate

London CNN — As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university lectures and bringing most of the rail network to a standstill in what unions say will be the biggest single day of walkouts in more than a decade. Teachers, university staff, train drivers and civil …

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XAU/USD grinds higher ahead of United States Inflation

Gold price makes rounds to seven-month high as bulls take a breather. Mixed data from United States weighed on Treasury bond yields, US Dollar and propelled XAU/USD price. Upbeat signals from China also underpinned Gold price upside. Firmer US inflation data could probe XAU/USD bulls. Gold price (XAU/USD) seesaws around the highest levels since June, …

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inflation is important to be left to central bankers

Rather than viewing inflation as a neutral, impersonal force like gravity, economists are starting to see it as a battle between different actors in the economy. Train IMF chief economist Olivier Blanchard recently observed on Twitter that iinflation is the result of the battle of distribution. Prices move because companies, workers, and taxpayers duke it …

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Cardi B slams inflation: Rapper says grocery prices have tripled and is outraged lettuce now cost $7

Cardi B has slammed President Biden for soaring inflation that has, she says, seen grocery prices triple and a lettuce rise to $7. While the wealthy rapper does not specifically name the President, she angrily demands ‘anybody that is responsible’ to bring prices down immediately.   The rapper, 30, revealed on Wednesday that she budgets every week to avoid …

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Fed minutes December 2022:

WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting. At a meeting where policymakers raised their key interest rate another half a percentage point, they expressed the importance of …

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Train drivers’ pay has risen by up to 62% in recent years… more than double the rate of inflation

How striking train drivers’ pay has risen by up to 62% in recent years… more than double the rate of inflation over the same period, as rail commuters brace for ‘Tragic Thursday’ Average train driver’s salary increased by 34 per cent since 2012, figures show The highest increases across 15 operators were 55 per cent …

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