US CPI Inflation

US Consumer Inflation(CPI) Data for the month of February 2024 is Out and it is a bit surprising.

Last Night US released consumer inflation data for the month of February 2024.

The broad gauge of the cost of goods and services, the consumer price index(CPI), rose 3.2% from a year ago and by 0.4% last month. While the 12-month reading was somewhat higher, the monthly measure was in line with forecasts.

The core Consumer Price Index increased (CPI) 0.4% in the month and 3.8% in the year. Both were greater than expected by a tenth of a percentage point.

Increasing Credit Card Debt In India

The Increasing Credit Card Debt In India .

The Billion Dollar question about increasing Credit Card debt in India is whether it is growing confidence or deleting savings. While it is good to spend via Credit Cards , if it is for an offer or reward points .To use Credit cards for extravagant spending might people towards debt. Credit limit utilization shall not be more than 20% of total limit at any time. If it is increasing more than 20% , it is a danger alarm .

US DEBT Default Crisis

Indian Economy and US DEBT DEFAULT CRISIS on US DEBT CEILING of 31.4 Trillion USD .

In the past 15 days, there have been far too many nerve-wracking moments on the global markets. What if the US fails to raise its debt ceiling and stops making debt payments? This is the worry. The US Treasury has been able to keep the country’s finances afloat ever since January 2023, when the maximum amount of USD31.4 trillion in debt that it could issue had been reached. S&P 500 index volatility, a sharp increase in credit default swaps (essentially insurance against all types of debt default), and a further sharpening of political polarization between Democrats and Republicans followed.