Tuesday, November 5

Tag: inflation

Two Third Americans Says Economy not in Right Direction
ANALYSIS

Two Third Americans Says Economy not in Right Direction

A significant majority of middle-income Americans are finding it increasingly difficult to manage their finances due to persistent high inflation in the U.S. According to a recent survey by Primerica’s Financial Security Monitor (FSM) for the second quarter of 2024, two-thirds of respondents feel they are falling behind financially because of the rising cost of living. The FSM survey, which gathered responses from over 1,000 U.S. adults with annual incomes ranging from $30,000 to $130,000, revealed that 66% of participants believe their income is not keeping pace with their expenses. Additionally, 48% reported that they have either reduced their spending or stopped saving altogether to make ends meet. These findings align with a separate report from the National True Cost of Living C...
RBI hikes Repo rate for first time in 4 years under BJP Regime
INDIA

RBI hikes Repo rate for first time in 4 years under BJP Regime

India's Apex Bank Reserve Bank of India has raised repo rate for the first time in four years amidst inflation concerns surprising market analysts by keeping its policy stance "neutral". The six-member monetary policy committee of RBI headed by governor Urjit Patel has hiked the repo rate by 25 basis points to 6.25 percent. While the reverse repo rate has been adjusted to 6 percent. Notably, this is a first-time hike in policy rate done by the central bank since Narendra Modi led BJP government has come into office in may 2014. Meanwhile, RBI has allowed 2 percent more SLR (Statutory liquidity ratio) to meet liquidity coverage ratio. In its official statement, RBI said that "it reiterates its commitment to achieving the medium-term target for headline inflation of 4 percent on ...