Bonds, currencies, and stocks of emerging nations are leading the investment pack this year as the dollar sinks to a four-year low and investors diversify beyond dollar-denominated venues.
Tag: interest rates
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TRUMP NAMES WARSH AS NEXT FED CHAIRMAN
Donald Trump has named Kevin Warsh, a governor of the U.S. Federal Reserve during the George W. Bush administration, to succeed Jerome Powell as chair of the central bank. Powell’s term expires in May.
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FED FREEZES INTEREST RATES
As widely expected, the U.S. Federal Reserve’s rate-setting Open Market Committee made no changes to its policy interest rates at its 28 January meeting, leaving the rate on deposits at 3.5 percent and the lending rate at 3.75 percent.
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CHINA DRAFTS FIVE-YEAR PLAN TO RESTART CONSUMER ECONOMY
China’s senior state planners are creating a five-year plan to energize domestic consumption and address the imbalance between “strong supply and weak demand,” according to a 20 January press briefing by officials of the country’s National Development and Reform Commission.
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TRUMP’S INTERVIEW WITH REUTERS: IS HE UPSIDE DOWN OR INSIDE OUT?
President Donald Trump sat down with Reuters last week to discuss the direction of the administration and how he plans to achieve his top foreign policy goals, while trying to maintain public support in the U.S.
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CHINA’S DOMESTIC ECONOMY SLUMPS IN NOVEMBER
Last month, the growth in China’s factory output slowed to its weakest pace since September 2024 and retail sales were their most sluggish in the three years since Beijing ended the country’s rolling anti-COVID lockdowns, according to the National Bureau of Statistics.
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FED GRAPPLES WITH INTERNAL DISSENT, UNRELIABLE DATA
Federal data could be overestimating the U.S. economy’s job creation by as many as 60,000 jobs a month, U.S. Federal Reserve chair Jerome Powell told reporters after the bank’s Open Market Committee (OMC) shaved a quarter point off the Fed’s interest rates on 10 December.
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MORE AMERICAN HOUSEHOLDS ARE LIVING PAYCHECK TO PAYCHECK
The Bank of America Institute released a report last week that found nearly 24 percent of households in the U.S. are considered to be living paycheck to paycheck, or homes that spend 95 percent of their income on essentials, like childcare and groceries.
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SEPTEMBER’S JOBS REPORT IS A PLEASANT SURPRISE
The U.S. economy created 119,000 nonfarm jobs in September, according to the Bureau of Labor Statistics’ September jobs report, delayed seven weeks by the government shutdown.
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THE AMERICAN MIDDLE CLASS IS BURNED OUT
“Life felt more doable a year and a half ago,” college communications officer Holly Frew said in a Wall Street Journal interview last week.