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.
Tag: interest rates
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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.
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INDONESIA MAY ISSUE BONDS DENOMINATED IN CHINA’S RENMINBI CURRENCY
Indonesian officials are discussing joining the roster of countries issuing “panda” bonds denominated in China’s renminbi currency, two unnamed sources told the Financial Times.
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POOR FARED WORST UNDER ECB RATE HIKES, STUDY SHOWS
As the European Central Bank (ECB) hiked its interest rates from July 2022 to fight inflation, lower-income households suffered more than higher earners, the bank’s economists reported in a new study.
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DEMAND FOR MORTGAGES SURGED IN NOVEMBER’S FIRST WEEK
During the week ending 7 November, mortgage demand increased the most since September, the Mortgage Bankers Association (MBA) said, ending the year’s home-selling season on a high note.
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IN THE U.S., FORECLOSURES ARE STEADILY INCREASING
In October, properties in some stage of foreclosure rose 3 percent from September to reach 36,766, a 19-percent gain year on year and the eighth consecutive month in which the number increased, according to property data service ATTOM.