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A closer look at the 2024 budget and what it means for Australia's economy I spoke earlier with ABC Chief Finance correspondent Ian Verrender. He says it's not clear how the energy subsidies will affect inflation.

Treasurer insists budget will ‘take edge off inflation’

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NOVARISE INVEST

Extreme Inflation in the United States - What You Need to Know to Protect Your Money

⏲ 12 minutes 58 seconds 👁 1.5K

WQAD News 8

New labor department report shows inflation cooled slightly in April

⏲ 1 minute 52 seconds 👁 22

The federal treasurer has said the 2024 budget will have ‘substantial’ but ‘responsible’ cost-of-living relief while tackling inflation.

Australian treasurer Jim Chalmers previews ‘responsible’ 2024 budget

⏲ 0:57 👁 36.2M

CBS TEXAS

Inflation cooling down for the first time in 2024

⏲ 26 seconds 👁 90

While the budget is set to deliver another surplus, Treasurer Jim Chalmers says it won't come at the expense of keeping inflation down and providing assistance for those doing it tough.

Coalition prepared to scrutinse the Government's spending

⏲ 1:48 👁 40.5M

Economy Minister Rafizi Ramli on Wednesday (May 15) said that the government is planning a mechanism to manage the cost of living and tame the country’s inflation.<br/><br/>He said the discussion on wages, cost of living and inflation has to be managed carefully. <br/><br/> WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Govt planning mechanism to manage cost of living, tame inflation, says Rafizi

⏲ 3:48 👁 2.6M

<p>Former US Federal Reserve chairman Ben Bernanke says that the \

UK inflation was 'inevitable', says former Fed chair

⏲ 3:18 👁 1.7M

The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.

Hotter-than-Expected Prices Raise Rate Cut Doubts as Prices Rise Over 2% in April

⏲ 0:41 👁 1.2M

Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \

Stock Markets Rally Amid Investor Hopes for Interest Rate Cuts in 2024

⏲ 1:30 👁 905K

Inflation could be just 2.2% in the EU next year, as voters cite concerns over rising prices.

Commission forecasts inflation tumbling, despite oil price hike

⏲ 2:21 👁 845K

The Coalition shadow treasurer has called for ‘restraint’ in Labor’s 2024 budget to put downward pressure on inflation. Footage: ABC Insiders (May 12, 2024)

Shadow treasurer Angus Taylor calls for ‘restraint’ in 2024 budget

⏲ 1:0 👁 4.5M

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