These charges vary for every card and may not be applicable on certain cards. It is always adivasable to use partnered cards for your frequent purchase. For example, if you regular spend money on Amazon, then you can opt for ICICI Amazon pay card which will give you cashbacks and rewards both. Follow businessmind.in for more such updates #financialplanning #creditcards #interest #wealth #gains #rich #income #profits #businessmindset
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Savings rate continues to evaporate … now at lowest (5.1%) since August 2009 https://t.co/eQfHuF0Ryz
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Still studying Coinbase and all of these crypto coins--208...
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"Growth is slowing more rapidly than expected, but inflation is also proving more persistent. This economic scenario is moving closer to a worst-case where Fed officials will need to keep interest rates higher even as growth weakens:" Citi's Andrew Hollenhorst
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The last 4 times the spread between New Orders and Inventories in the ISM Manufacturing Index was this negative, the US was already in a recession. The 2001, 1990-91, and 1981-82 recessions never had readings this low. Charting via @ycharts https://t.co/2uaPhJ7HT7
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Looking forward to politicians who went for the cheapest, dumbest shots to try explaining to their base that core inflation is the right number to look at 3/
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7.5% of US homes for sale have cut their asking price over the last 4 weeks, the highest level we've seen since Redfin started tracking the data in 2015. https://t.co/HAOPqUPKyw https://t.co/cHJbMxwYvA
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"Investors have lately become strangely optimistic that the Federal Reserve won’t have to tighten monetary policy much further... This wishful thinking is both unfounded and counterproductive" Former NY Fed Pres Bill Dudley https://t.co/Pv7UGhXp4y
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These two charts from the @WSJ on US disposable personal income and retail sales are reminders of the importance to distinguish between nominal and real indicators during this phase of persistently high inflation. #economy #inflation #RetailSales #income #inequality #EconTwitter https://t.co/eNJB6dKYlB
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US shale drillers are expected to post record Q2 profits in coming days, likely making enough cash to erase a quarter of what they lost over the previous decade. https://t.co/m6i0pGuy3i https://t.co/t9hyWcURD5
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Don't look now, but the cost of capital is coming down across the board. Perhaps this is happening a bit faster than the Fed would like? https://t.co/9AcZTTHlpv
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Gas prices in the US move down to $4.21/gallon (national average), 80 cents below their all-time high in mid-June and at their lowest level in 3 months. https://t.co/IIK8UQeQk7
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“Many companies are going to be in denial about the change in valuations until they run out of capital.” https://t.co/sNLVNDWbpn
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There are really two separate discussions here. There's the Fed policy discussion: is underlying inflation slowing in a way that would justify policy easing? (Not so far) But the political discussion has been all about headline numbers, likely to be good for several months 4/
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Welcome to neutral? With the Fed delivering a 75 bps rate hike last week, monetary policy has returned to what at least the Fed thinks is neutral. 🧵 https://t.co/3ZIvzunJUW
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