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2 mins read

Confused by the newly introduced Unified Pension Scheme? Here’s all you need to know about how it will work

The Indian government has approved the Unified Pension Scheme, due to become effective by April 1, …

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India's services sector activity hits 5-month high in August on uptick in new work orders

On the price front, input costs rose at their slowest pace in six months, with both the manufacturi…

PTI   


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3 mins read

Indian economy relatively slowed in Q1-FY25, here's what experts have to say

The Indian economy grew by 6.7% in real terms in the April-June quarter of the current financial ye…

ANI   


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2 mins read

RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that ext…

ANI   


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3 mins read

CPI inflation drops to lowest in five years but road ahead could be bumpy: SBI Report

India's CPI inflation dropped to 3.54% in July 2024, the lowest in nearly five years, due to a sign…

ANI   


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New York Fed chief says it's time to lower rates with inflation cooling and the labor market slowing

Following the August jobs report, John Williams said the economy is "now in equipoise," with easing…

Kelly Cloonan   


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Stock market today: Stocks rise as traders await Jackson Hole and payroll adjustment locks in rate bets

Revised jobs data show that the economy added 818,000 fewer jobs than initially forecast. Stocks en…

Jennifer Sor   


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3 mins read

RBI keeps repo rate unchanged at 6.5%: What is repo rate and how it affects you

Reserve Bank of India's Monetary Policy Committee announced maintaining the repo rate at 6.5% for t…

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6 mins read

US flight prices are over $200 cheaper than they were 30 years ago when adjusting for inflation. Here's why it doesn't feel like it.

Americans think flying is too expensive, but we're actually living in the "golden age of cheap flig…

Jacob Zinkula,Madison Hoff   


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3 mins read

A necessary step or government overreach? Economists are divided over Kamala Harris' plan to clamp down on food inflation

Kamala Harris unveiled a plan for the first ever federal ban on price gouging. Economic experts hav…

Filip De Mott   


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2 mins read

The Fed has redeemed itself after an 'egregious' post-COVID inflation error, former Treasury Secretary Larry Summers says

"They moved strongly enough and vigorously enough to keep expectations anchored," the former Treasu…

Filip De Mott   


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3 mins read

Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices

On average, wages have outpaced inflation since the pandemic, but even with those gains, plenty of …

John Towfighi   


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2 mins read

IT department declares 363 as cost inflation index for current fiscal

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

PTI   


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Gen X is feeling the negative effects of inflation more than any other generation

Inflation worries continue to rise and no group is feeling the pinch more than Gen X.

Cork Gaines   


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6 mins read

We've entered a world of zombie inflation. Wall Street is scared witless.

The sudden resurgence of inflation has caused some more alarmist analysts to suggest that the US ec…

Neil Dutta   


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2 mins read

Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts

March saw the largest monthly drop in existing home sales in over a year, the National Association …

Yuheng Zhan   


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1 min read

Small business sentiment is the lowest in over a decade as inflation proves sticky

Inflation is the top hurdle for business owners, while the tight labor market has made staffing a c…

Yuheng Zhan   


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3 mins read

Stock market today: Dow drops 422 points as hot inflation scrambles rate outlook

Odds of a June rate cut have been slashed as the Fed looks like it will have to grapple with furthe…

Jennifer Sor   


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5 mins read

5 charts that show how the Fed's war on inflation has frozen the housing market

The Federal Reserve aggressively hiked interest rates to lower inflation during the pandemic, but i…

Ayelet Sheffey,Madison Hoff   


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2 mins read

Inflation cooled off in October

The Consumer Price Index, one inflation measure, increased 3.2% over the year in October, a smaller…

Madison Hoff