CNBCBusiness
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
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BBC NewsWorld
India's first bank rate hike since 2023 signals growing inflation concerns
The hike reflects a global shift towards tighter monetary policy as central banks battle inflation fuelled by Middle East conflict.
CNBCBusiness
India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
The GuardianTechnology
McDonald’s sued for alleged antitrust violations by using AI tool to determine pricing for franchises
Suit says AI tool allows independently owned franchises to exchange nonpublic price and sales information McDonald’s is facing a lawsuit in federal court over its alleged use of an AI tool to determine pricing across independent franchises, which prosecutors say violates antitrust laws and has unfairly inflated menu…
NPRPolitics
Week in Politics: Inflation pressure; war in Iran and effect on midterm elections
We look at how some concerning economic indicators as well as the ongoing war in Iran might affect the midterm elections.
CNBCBusiness
Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
The GuardianWorld
US households pay 62% more for water than they did a decade ago, study finds
For-profit water corporations, federal cuts and climate crisis are ‘supercharging water rate hikes’, study co-author says US households are paying 62% more for drinking water than they did a decade ago – outpacing inflation, grocery prices and household incomes, according to a new study. Food & Water Watch, a…
The New York TimesBusiness
High Interest Rates Aren’t Slowing the A.I. Boom. That’s a Problem for the Fed.
Rising borrowing costs are taking a toll on households and businesses. But they are doing little to dampen enthusiasm for investments in A.I. infrastructure, which are contributing to inflation.
The GuardianBusiness
Iran’s oil minister resigns as country’s economic crisis worsens
Departure comes amid large drop in oil receipts, rampant inflation and shrinking economy Iran’s oil minister has resigned days after allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars’ worth of export receipts to the state. Mohsen Paknejad’s departure comes as Iran grapples with…
The New York TimesBusiness
Hiring Slows as U.S. Jobs Report Shows Labor Market Shifting Into Lower Gear
The economy added fewer jobs in September and unemployment ticked up, while inflation has maintained pressure on markets and raised costs.
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