Even though the U.S. Federal Reserve has begun lowering its benchmark interest rates, credit card holders might not see much relief, The Wall Street Journal reported.
Tag: interest rates
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BUDGET DEFICIT HIGHEST IN THREE YEARS
The yearly U.S. budget deficit hit $1.8 trillion in the fiscal year ending 30 September, the highest since 2021 when the COVID War was still under way, the Congressional Budget Office (CBO) reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WORLD ECONOMY WILL GROW 3.2 PERCENT THIS YEAR, OECD SAYS
Falling interest rates and the slowdown in inflation is giving households more money to spend, which will enable the global economy to grow 3.2 percent this year and by the same percentage in 2025, according to an analysis by the Organization for Economic Cooperation and Development (OECD).
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U.S. ECONOMY REBOUNDED QUICKER THAN THOUGHT
The U.S. economy grew faster through 2021, 2022, and early 2023 than was previously estimated, according to revised quarterly data released by the U.S. Commerce Department last week.
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HOUSING MARKET: SALES DOWN, PRICE UP IN AUGUST
U.S. home sales in August fell 2.5 percent below July’s and 4.2 percent year on year, the National Association of Realtors (NAR) reported. Analysts had expected slightly better figures.
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U.S. COMPANIES JUMP BACK INTO BOND MARKET
Days after the U.S. Federal Reserve cut its interest rates, corporations are jumping into the bond market with new issues that could total more than $25 billion in value yet this month, according to data from investment banks compiled by Bloomberg.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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ECB CUTS KEY INTEREST RATE BY QUARTER POINT
On 13 September, the European Central Bank (ECB) shaved a quarter point from its policy interest rate, cutting it to 3.5 percent as inflation slowed to 2.2 percent and indicators showed the Eurozone’s economy staggering.