Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday. The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at…

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Student loan delinquencies risk ‘spillovers’ to other debts, NY Fed

Student loan delinquencies risk ‘spillovers’ to other debts, NY Fed

The Trump administration’s resumption of collection efforts on defaulted federal student loans has far-reaching consequences for delinquent borrowers. For starters, borrowers who are in default may have wages, tax returns and Social Security payments garnished. But involuntary collections could also have a “spillover effect,” which puts consumers at risk of falling behind on other debt repayments, according…

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CPI inflation April 2025: Rate hits 2.3%

CPI inflation April 2025: Rate hits 2.3%

Inflation was slightly lower than expected in April as President Donald Trump‘s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday. The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation…

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Credit score impact from student loan collections, default

Credit score impact from student loan collections, default

As of Monday, the U.S. Department of Education is restarting “involuntary collections” on federal student loans that are in default, which may seriously damage the credit scores of millions of borrowers. Student loan collections efforts have largely been on pause since the pandemic began in March 2020. A new analysis by TransUnion found that consumers who faced default in…

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