US’ inflation fight: What lies ahead?
Inflation has been there in the United States and it has been at its highest since 2021...
Tag : US inflation
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...
Rising inflation: Credit cards come to the rescue of Americans
Researchers for the New York Fed credit card balances climbed by USD 46 billion, or 5.5% from the first quarter....
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....
Recession may hit America by 2024
Rising interest rates induced a recession six out of seven times in American history....
US Fed announces biggest interest rate hike in two decades
Rates to touch 2.9% by 2023. Seven more hikes are expected this year....