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By Reuters Staff 6 Min Read (Reuters) - India’s retail inflation accelerated to a four-month high in March on higher food and transport costs amid rising coronavirus cases and fears of a surge in some commodity prices due to lockdowns in some states. A vendor waits for customers at his shop inside a vegetable market in Kolkata, India, February 12, 2020. REUTERS/Rupak De Chowdhuri/Files Annual retail inflation rose to 5.52% in March, up from 5.03% in February, and above the 5.40% forecast in a Reuters poll of economists, data released by the Ministry of Statistics showed on Monday. COMMENTAR...

6 Min Read WASHINGTON (Reuters) - U.S. President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri They have spiked or stalled more than a dozen contentious Trump-era measures that critics said eroded consumer protections, weakened enforcement, and curbed investors’ ability to push f...

Headline consumer credit expanded in January and was above expectations. Our analysis of the unadjusted data shows annual growth is non-existant year-over-year. Analyst Opinion of the Consumer Credit Situation Student loan year-over-year growth rate was little changed and remains in an overall slowing trend. Not only does this data set suffer from backward revision (at times moderate to significant enough to change trends -, but the use of compounding (projecting monthly change as annual change) by the Federal Reserve to determine consumer credit growth rates exaggerates the volatility in thi...

4 Min Read TOKYO (Reuters) - Japan’s household spending dropped for a third straight month in February, data showed on Tuesday, as emergency curbs to prevent the spread of the coronavirus hurt consumption and raised the risk of a more prolonged and bumpier economic recovery. FILE PHOTO: A woman chooses clothes at a shop in Tokyo, Japan, January 23, 2017. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD Separate data on wages reinforced signs of a challenging growth outlook as policymakers strive to mitigate the consumer and business impact of the health crisis. Analysts are f...

U.S. President Joe Biden remains committed to his campaign pledge that no one earning less than $400,000 should see an increase in their taxes, White House Press Secretary Jen Psaki said on Monday.