Tag: household debt
Credit Card Debt Climbs to $1.21 Trillion in Q2
Balances Rise Amid Persistent Delinquencies
U.S. credit card balances increased by $27 billion in the second quarter of 2025, reaching $1.21 trillion, according to the...
Bank of Korea Holds Rates, Signals Cut Amid Tariff Fears
Trade tensions and weak demand pressure central bank policy
South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, as expected,...
U.S. Tariffs Take Effect, Sparking Recession Fears
As new U.S. tariffs go into effect, concerns over an impending economic downturn are mounting. President Donald Trump further fueled uncertainty over the weekend,...
South Korea Cuts Interest Rates Amid Economic Slowdown
South Korea’s central bank, the Bank of Korea (BOK), cut interest rates by 25 basis points on Tuesday, lowering them to 2.75% from 3%,...