Inflation – Page 8 – SRK Analytics

The $189 Date Night: Why Young Americans are Swapping Dinner for $7 Coffee

Dating in America has reached a financial tipping point. As of early 2024, the average cost of a traditional date night in the United States has soared to an unprecedented…

Prasenjit Bhowmik July 18, 2026

Economy

Mortgage Rates Surge to Near One-Year High Amid Geopolitical Tensions

US mortgage rates hit a yearly high of 6.55 percent as Middle East tensions shake bond markets, leaving homebuyers facing new financial hurdles.

Prasenjit Bhowmik July 17, 2026

Economy

IRS Raises Standard Mileage Deduction Rates Amid Geopolitical Fuel Price Surge

The Internal Revenue Service (IRS) announced a rare midyear increase to the standard mileage deduction rate this week, offering financial relief to American taxpayers navigating volatile fuel prices. Effective retroactively…

Prasenjit Bhowmik July 17, 2026

Economy

Bank of Korea Hikes Interest Rate for First Time Since 2023 Amid Rising Geopolitical Inflation

SEOUL — The Bank of Korea raised its benchmark interest rate on Thursday for the first time since 2023, taking decisive action to curb accelerating domestic inflation fueled by escalating…

Prasenjit Bhowmik July 16, 2026

Economy

U.K. Economy Edges Into Growth Amid Persistent Energy Pressures and Geopolitical Tensions

Although the UK economy returned to growth in May, high domestic energy costs and rising global tensions threaten to stall this fragile recovery.

Prasenjit Bhowmik July 16, 2026

Economy

Fed Chairman Kevin Warsh Signals Unyielding Inflation Fight in Congressional Testimony

On Wednesday, newly appointed Federal Reserve Chairman Kevin Warsh pledged to lawmakers during a high-stakes congressional hearing in Washington, D.C., that the central bank will deploy all necessary tools to…

Prasenjit Bhowmik July 15, 2026

Economy

U.S. Inflation Cools in June as Falling Gas Prices Offer Relief

In June 2026, U.S. consumer inflation cooled more than economists anticipated as a sharp decline in gasoline prices offset previous energy-driven spikes, offering temporary relief to households and policymakers alike.…

Prasenjit Bhowmik July 15, 2026

Emerging Market

BofA CEO Brian Moynihan Dismisses Recession Fears Despite Aggressive Fed Rate Hike Forecasts

On Wednesday, Bank of America CEO Brian Moynihan dismissed mounting Wall Street recession fears during an interview on the New York Stock Exchange floor, arguing that the resilient U.S. economy…

Prasenjit Bhowmik July 15, 2026

Economy

Fed Chair Kevin Warsh Asserts ‘No Tolerance’ for Inflation in Debut Congressional Testimony

On Tuesday, Federal Reserve Chair Kevin Warsh declared to House lawmakers that the central bank has "no tolerance" for persistently elevated inflation, defending the Fed's decision to hold interest rates…

Prasenjit Bhowmik July 15, 2026

Economy

South Korea Upgrades 2026 Growth and Inflation Forecasts Amid Global Semiconductor Boom

The South Korean Ministry of Economy and Finance announced on Tuesday in Seoul that it has upwardly revised its 2026 economic growth and inflation forecasts. This strategic adjustment reflects an…

Prasenjit Bhowmik July 14, 2026