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U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve’s 2% inflation target. Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.
⏲ 0:55 👁 15.1M
Peter Su
⏲ 6 minutes 21 seconds 👁 6.5K
rareliquid
⏲ 13 minutes 43 seconds 👁 57.7K
Battleground Uttar Pradesh: Sanjay Pugalia decodes election in the state with CVoter's Yashwant Deshmukh, political analyst Amitabh Tiwari, and NITTE Education Trust's Sandeep Shastri.
⏲ 53:57 👁 3.2M
Peter Su
⏲ 9 minutes 👁 36.8K
The Bryan Jun
⏲ 6 minutes 55 seconds 👁 162.4K
Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.
⏲ 1:31 👁 32M
Nischa
⏲ 9 minutes 47 seconds 👁 360.3K
rareliquid
⏲ 12 minutes 1 second 👁 631.8K
European Policy Centre analysts say the general political climate and the upcoming European elections are, in part, responsible for the uptick in violence.
⏲ 2:36 👁 2.8M
The Bryan Jun
⏲ 6 minutes 10 seconds 👁 34.4K
Aaron Yao
⏲ 8 minutes 47 seconds 👁 84.8K
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