Fed’s next policy meeting in focus as US inflation remains elevated
In July, the Personal Consumption Expenditures Price Index increased 3.7% in the 12 months through the month, unchanged from June...
Tag : US inflation
US’ inflation fight: What lies ahead?
Inflation has been there in the United States and it has been at its highest since 2021...
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...
Home mortgage rates skyrocket in United States as inflation soars
The Labor Department reported in mid-September that United States consumer prices increased by 8.3% in the year ending in August...
Americans finally learn to deal with Inflation
A number of indications, including a Gallup survey revealed that 56% of Americans believe inflation is a hardship...
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....