India's approach to managing inflation seems to be working well. The country's central bank has a clear target: keep inflation around 4%. This goal has a bit of wiggle room, from 2% to 6%. This range is called a tolerance band. It's like a safety net to catch prices if they start to swing too much.
In 2026, if you use your personal car for work, you might notice a small change in your tax deductions. The IRS has decided to increase the standard mileage rate for business use to 72. 5 cents per mile. This is a 2. 5 cent increase from the previous year. The change is based on data analysis and in
In 2025, the economy showed some strange behavior. It grew, but not everyone felt it. Jobs were scarce, even as companies made more money. Prices stayed high, making life tough for many. This left experts guessing about what would happen next. The economy grew, but not in a way that helped everyone
In 2025, a group of economists, led by Joseph Davis at Vanguard, made predictions that turned out to be quite accurate. They forecasted an unemployment rate of 4. 4%, an average of 97, 500 new jobs per month, and a 3% increase in the Consumer Price Index. As the year comes to a close, these numbers
Mortgage rates have dropped to their lowest point in 2025, giving homebuyers a bit of good news as the year comes to a close. The average rate for a 30-year fixed mortgage is now at 6. 15%, down from 6. 18% the previous week. This is a significant drop from the start of the year, when rates were aro
AI is making waves in the economy. It might lower prices but also cut jobs. Chen Zhao, a big shot in economics, thinks AI will push inflation down to below 2% by next year. That's good news for shoppers, but not so great for workers. AI makes things cheaper. It boosts productivity. This could bring
Economic growth is often celebrated, but sometimes the numbers tell a different story. Recently, it was discovered that a small part of the reported 4. 3% GDP growth was actually inflated. This was due to some unusual data from the video game industry. It turns out that the way video game sales were
Money is tight, and people are getting creative. With prices still high, Americans are rethinking what to put on their holiday wish lists. A recent study shows that many are now eyeing cryptocurrency as a gift option. Prices are still up compared to a few years ago. Housing, food, and other basics
People in the U. S. are feeling less sure about the economy. This is the lowest confidence level since April when new taxes on imports were introduced. The measure of how people feel about their money and jobs stayed the same but is still low. This could mean a recession is coming. People think the
Investors might be overlooking the big changes coming in 2026. Despite facing several challenges in 2025, such as trade disputes, government shutdowns, and a tough stance from the Federal Reserve, asset prices have remained surprisingly stable. This stability could be a sign of good things to come.
