Banking and Finance FeaturedRising inflation: Credit cards come to the rescue of AmericansIFM CorrespondentAugust 4, 2022 by IFM CorrespondentAugust 4, 2022 Researchers for the New York Fed credit card balances climbed by USD 46 billion, or 5.5% from the first quarter.... Read more
Economy FeaturedUS Fed raises interest rate by 0.75 percentage-point, highest since 1994IFM CorrespondentJune 16, 2022 by IFM CorrespondentJune 16, 2022 The decision comes in the backdrop of consumer price inflation hitting 8.6% in May, the highest since 1981.... Read more
Economy FeaturedRecession may hit America by 2024IFM CorrespondentJune 14, 2022 by IFM CorrespondentJune 14, 2022 Rising interest rates induced a recession six out of seven times in American history.... Read more
Featured FinanceUS Fed announces biggest interest rate hike in two decadesIFM CorrespondentMay 9, 2022 by IFM CorrespondentMay 9, 2022 Rates to touch 2.9% by 2023. Seven more hikes are expected this year.... Read more