Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’ on December 20, 2023 at 5:00 pm
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
Markets maintained those bets even after Richmond Fed President Thomas Barkin on Tuesday refrained from saying how the fall in inflation affected the policy outlook for next year, while Atlanta’s Raphael Bostic said there was no urgency to cut rates.
In a separate boost to prices, the U.S. bought 2.1 million barrels of crude for delivery in February, its Energy Department said on Tuesday, as the country continues to replenish its reserves.
In its monthly State of the Economy article, the Indian central bank#39;s economists also warned that if headline retail inflation is not brought down to the medium-term target of 4 percent and “tethered” there, it is highly likely that growth may be hit.
The options data indicates that 21,000 may act as the near-term support for the Nifty 50, with resistance at 21,200-21,300, say experts
As per the forecasts made by the Reserve Bank of India#39;s #39;dynamic stochastic general equilibrium#39; (DSGE) model, India#39;s GDP growth this year may be 7.1 percent – 10 basis points higher than the central bank#39;s official view of 7.0 percent.
At the interbank foreign exchange market, the local unit opened at 83.17 and traded between the peak of 83.13 and the lowest level of 83.18 against the dollar.
In this edition of Moneycontrol Pro Panorama: IMF points to low productivity for India, unlisted companies sluggish performance dargs capex, credit and deposit growth gap set to narrow, road sector hits a speed bump, and more
The the Subject Expert Committee of the Central Drugs Standard Control Organisation recommended a precautionary measure, suggesting that the FDC should not be administered to children below 4 years
Around 1.76 percent Astral shares changed hands in a block deal for a total consideration of Rs 884.6 crore.