During his presidential campaign and after taking office, Donald Trump said interest rates must come down “immediately.”
Tag: interest rates
CORPORATIONS SEE LOWER PROFITS AHEAD
After an upbeat earnings season, corporations foresee a less sunny future.
SPOTLIGHT: ECONOMIC GLOOM OR ECONOMIC BOOM?
What is totally ignored in the reports by the government and the mainstream media is that the economic downside of both developed and emerging market economies is a direct result of three years of fighting the COVID War…
GOLD FUTURES’ PRICE SETS NEW RECORD
The April gold futures contract on the New York Mercantile Exchange set a new record of $2,853.20 during trading on 30 January and closed the day at $2,845.20.
FED STANDS PAT ON INTEREST RATES
At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
GERMAN, U.K. ECONOMIES SHOW NEW DANGER SIGNS
From 1 September through November, the U.K.’s jobless rate edged up from 4.3 percent to 4.4 percent, its highest since 2021, the Office of National Statistics reported.
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
RECORD NUMBER OF CONSUMERS MAKING ONLY MINIMUM CREDIT CARD PAYMENTS
The proportion of credit card holders making only minimum payments rose to 10.75 percent in last year’s third quarter, the most since 2012, the Federal Reserve Bank of Philadelphia reported.
MORTGAGE RATES RISE TO HIGHEST IN SIX MONTHS
After falling to 6.2 percent in September, the average national interest rate on a fixed-rate, 30-year mortgage climbed back to 6.93 percent last week, its highest since July, the Federal Home Loan Mortgage Corp. reported.
U.S. JOBS IN DECEMBER UP, TYPES OF JOBS LOW
Last month, the U.S. economy created an estimated 256,000 nonfarm jobs, the most since March 2024 and far more than the 120,000 to 200,000 that analysts had predicted. Unemployment ticked down from 4.2 percent to 4.1 percent.