It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Inflation is rising at a worrying rate, exceeding expectations. The Federal Reserve may reconsider plans to lower interest rates as inflation surpasses their target. Consumers will face higher prices, including food, housing, and energy. Credit card bills and loans will become more costly, and buying a house may be more challenging with higher mortgage rates. While the Fed is unlikely to raise rates further, they are expected to stay high, leading to increased expenses and potential delays in major purchases.
Responding to excessive credit card costs, the Consumer Financial Protection Bureau has enacted new regulations to limit late fees. Previously, cardholders faced substantial late fees and compounding penalties, leading to high debt, damaged credit, and difficulty accessing affordable loans. The new rule aims to alleviate financial burdens by reducing late fees, potentially saving consumers billions of dollars and mitigating the adverse effects on their credit scores. This addresses the rising financial stress and challenges faced by many consumers due to increasing costs and interest rates.
