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JEFFERSON CITY, Mo. — By the time Jesse Fernandez turned 18, the federal government had paid out thousands of dollars in Social Security survivor’s benefits because of the death of his mother. But Jesse’s bank account was empty. The money had all been used by Missouri’s foster care system or relatives responsible for his care. “I was shocked,” said Jason White, a foster parent to Fernandez. “

Researchers from the London School of Economics have developed a real-time grocery price inflation index to give the Bank of England an “early warning system” ahead of the next price shock.

Economists Richard Davies and Finn McEvoy, who work in the LSE’s Economics Observatory, gathered 100,000 online prices from seven UK supermarkets and classified the products using Open AI’s Chat GPT-

Norwegian households expect quicker inflation over the next year than they foresaw a quarter ago, signaling decreasing confidence that price pressure in the Nordic country is abating.

Households now see consumer-price growth at 2.8% in a year’s time, compared with 2.7% previously, according to a quarterly survey commissioned by the central bank. Over the next two to three years,

Western Asset Management Co. is betting that 30-year Japanese government bond yields won’t rise as much as shorter maturities as the Bank of Japan is less likely to cut holdings of ultra long-term debt. Demand from life insurance companies and other institutions for super-long bonds should also keep yields from rising too much, Hiroyuki Kimura , head of investment management for Japan, said in