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Nobel laureate Robert Lucas used stories to explain how policymakers might engineer a recession — or cause shortages and inflation
UK group reports 60% drop in first-half profits after turmoil of last year’s mini-Budget
Pay data bucks trend in US and eurozone, and highlights inflation challenge facing Bank of England
And big tech is not all the same
Some economists believe that surging food prices in the eurozone could reverse by the end of this year
Retail sector data points to reduction in discretionary purchases as consumers pay more for staples
Inflationary pressures are beginning to wane
The US central bank is expected to skip an increase this month but keep the door open to further tightening
Washington’s deal on borrowing is a rare jolt of good news in a difficult year
Unemployment rate climbs to 3.7% while wage growth cools
So don’t freak out about the jobs report
US discount retailer warns customers are shifting to lower-margin essentials such as food
May figure drops to 6.1% but ECB president Christine Lagarde signals more interest rate rises ahead
New research shows that one-off temporary disruptions account for most of the inflation we see
German bonds rally and euro falls against dollar as investors react to further signs of cooling price pressures
Debt-ceiling deal removes ‘big piece of uncertainty’ over US economy, says Loretta Mester
Official data for end of 2022 supports Bank of England findings that inflation is not being driven by higher profit margins
Weaker than expected price pressures boost hopes of drop in figure for eurozone
Food cost growth eases slightly as lower energy costs filter through supply chains
Fuel and food costs ease in central Europe and Latin America but core price pressures upset plans to kick-start growth
Initiative aims to curb rampant food price inflation but has split Tory party and angered supermarkets
This cost of living crisis is not a sudden emergency, but the latest chapter in a longer-term story of rising poverty
Markets switch from betting on economic slowdown to expecting tighter policy for longer
Only Argentina and South Sudan experienced bigger increases in core inflation last month
New vehicles rise in price as electric options become more popular
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