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Rising credit card interest costs consumers extra $25 billion, CFPB says

Rising credit card interest costs consumers extra $25 billion, CFPB says

© Reuters. FILE PHOTO: Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier/File Photo/File Photo (Reuters) -The Consumer Financial Protection Bureau (CFPB) said on Thursday credit card companies’ interest on loans was at an all-time high, costing customers about $25 billion extra each year. Typically, the interest…

US inflation data for January made Fed’s job ‘harder,’ Barkin says

US inflation data for January made Fed’s job ‘harder,’ Barkin says

© Reuters. Richmond Federal Reserve Bank president Thomas Barkin speaks to the Economic Club of New York in New York City, U.S., February 8, 2024. REUTERS/Brendan McDermid/File Photo   SIRI -0.37% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount:…

EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation

EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation

© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, July 14, 2021. REUTERS/Yves Herman//File Photo By Jan Strupczewski BRUSSELS (Reuters) -The euro zone economy will grow slower than expected this year after price growth eroded purchasing power and high ECB interest rates curbed credit, but inflation in 2024…

India inflation likely cooled to a three month low in January: Reuters poll

India inflation likely cooled to a three month low in January: Reuters poll

© Reuters. FILE PHOTO: Customers buy fruits and vegetables at an open air evening market in Ahmedabad, India, August 21, 2023. REUTERS/Amit Dave/File Photo By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists…

Thai inflation lowest in nearly 3 years, but central bank may hold rates

Thai inflation lowest in nearly 3 years, but central bank may hold rates

© Reuters. Skyscrapers are photographed against the setting sun in Bangkok, Thailand, January 4, 2023. REUTERS/Athit Perawongmetha/File Photo By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s annual headline consumer inflation rate fell to its lowest in 35 months in January, data showed on Monday, and the commerce ministry said it expected price pressures to…