Keir Starmer wants our applause for a tiny inflation... dip while inflation remains at nearly double target. Food inflation is even higher, at 4.9%. We have to control spending, cut tax and lower inflation.show more

The Governing Council decided to keep interest rates unchanged... at today’s press conference. Inflation is currently at around our 2% medium-term target and the inflation outlook is broadly unchanged, said President Christine Lagarde.show more

While our out-of-touch Prime Minister says Canadians have never... had it so good, the Finance Minister tells a room full of people in Colorado that everything is great. They caused inflation to soar and today Canadians are paying the price. Grocery inflation is at 9.1%, mortgage interest inflation at 30% and rent inflation at 5.7%. This is wildly out of touch. Minster, come home and talk to struggling Canadians - they’ll tell you. #cdnpolishow more

The chancellor: "If we halve inflation, thats not a... 1p in the pound tax cut, thats 5 pence in the pound boost to their income" This is economically illiterate. Reducing inflation doesn't boost incomes, it means prices are still rising, just slower.show more

At today's press conference, the Governing Council decided to... cut interest rates by 0.25 percentage points. We are confident that inflation will sustainably reach our 2% medium-term target this year, stated President Christine Lagarde.show more

Trump on Iran: They have a hunger problem. They... have a food problem. They have a medicine problem. Their inflation is at 300%. They have a lot of problems.show more

McDonald’s used to have 29 cent hamburger and 39... cent cheeseburger days every week Now look at their menu prices A hamburger is $4.49 A McDouble is $5.79 .29 cents in 2000 is only .55 cents adjusted for inflation in 2026 The price increase isn’t inflation. It’s greedshow more

KARINE JEAN-PIERRE: "Let's not forget, when [Biden] walked into... the administration, the economy was at a freefall!" When Biden took office, inflation was at 1.4% and gas was $2.39/gal. Today, inflation has been at or above 4% for two years and gas is $3.54/gal.show more

The RBA estimates our economy can only grow 2.1%... without causing inflation (referred to as economic speed limit). Alan Kohler summarises the issue well: “So why is the speed limit only 2.1% growth? Because of low productivity. It’s actually lower now than it was 10 years ago. And the only way to achieve higher growth without inflation is by increasing productivity. Which is the job for government policy.”show more

The Governing Council decided to keep interest rates unchanged.... We are closely monitoring the situation and are determined to ensure that inflation stabilises at our 2% medium-term target, said President Christine Christine Lagarde. Watch the press conferenceshow more

🚨🇺🇸BREAKING: Trump Announcing Fed Chair Pick Tomorrow Morning Powell... held rates steady at 3.5%-3.75% this week, citing inflation still running at 2.9% versus the 2% target. Trump wants U.S. rates lower than any country in the world. Prediction markets have Kevin Warsh and Rick Rieder tied at 35% for the nomination. We find out tomorrow morning. Source: Rapid Response 47show more

In a surprise boost to Andy Burnham and his... plans to reduce the cost of living, UK inflation fell by more than expected in June, to 2.6%, from 2.8% in May. Food and fuel prices dropped, partly due to the shaky Iran-US ceasefire bringing down oil prices. But the latest unrest has driven up the cost of oil again and inflation remains above the Bank of England's target of 2%.show more

Hand to hand combats. Demonstrations have spread to 26... of Iran's 31 provinces, driven by a rial at 1.4 million to the dollar and inflation over 50 percent.show more

BREAKING NEWS: Jerome Powell just went on 60 Minutes... and reiterated that the Fed will not wait until inflation gets to 2% to cut rates Q: Are you committed to getting all the way to 2% before you cut the rates? Powell: No, no, that's not what we say at all, no. We're committed to returning inflation to 2% over time. I've said that we wouldn't wait to get to 2% to cut rates. At this point, it's almost a certainty that the Fed cuts rates over the next several months...show more

We are in a good place, and inflation is... in a good place, said President Christine Lagarde after the Governing Council decided to keep interest rates unchanged at today's press conference.show more

A 16-piece meal at Popeyes is now over $50.... A BUCKET of chicken… over $50. Fast food used to be the cheap, quick option. This isn’t just inflation. It’s price gouging.show more

With me in blue and Nancy Pelosi in yellow:... We were celebrating the Inflation Reduction Act’s birthday yesterday at the White House, and showing our support for Ukraine together! 🇺🇦🇺🇦🇺🇦show more