Shadow Banking: Threat to global economy
Shadow banking has rapidly grown in many other emerging economies where small businesses remain unbanked...
Tag : Federal Reserve
US households sinking in debt
The total household debt in the US has increased by more than USD 2 trillion since the fourth quarter of 2019, right before the pandemic started...
US Fed raises interest rate by 0.75 percentage-point, highest since 1994
The decision comes in the backdrop of consumer price inflation hitting 8.6% in May, the highest since 1981....
Bank deposits are expected to shrink, first in 80 yrs
Industry experts forecast a decline in bank deposits in the coming weeks due to interest rate hikes by the Fed....
What is stagflation? And how does it affect you?
The World Bank forecasted decade-long stagflation for the global economy....
Why US investors are worried about a recession
US economy shrank in the first quarter of 2022, but the market correction offers some respite....
US inflation rate slows to 8.3% in April
Core CPI rate of inflation preferred by the Fed rises by a higher than expected 0.6%....