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.
Tag: interest rates
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INTEREST ON U.S. NATIONAL DEBT TOPS $1 TRILLION
As of 12 September, the U.S. treasury had paid $1.049 trillion in interest on the national debt this fiscal year, 30 percent more than last year at this time as the U.S. Federal Reserve has held interest rates at their highest for the last 14 months.
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HOUSING AFFORDABILITY TOP CONCERN
In a new Gallup survey, half the respondents in the world’s wealthiest countries—including 60 percent of U.S. residents—cited the lack of affordable housing as their chief worry, edging out education, healthcare, and other urgencies.
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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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BANKS HAVE CUT LENDING TO HOMEBUILDERS
Banks have cut lending to homebuilders by 10 percent over the past year.
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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.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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INVESTORS DUMP JUNK LOAN FUNDS
Junk loans funds—funds that lend to highly leveraged companies—saw their biggest outflow of cash during the recent market crash as investors rethought risk.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: SECOND-QUARTER DEMAND FOR GOLD HIGHEST ON RECORD
Worldwide gold purchases totaled 1,258 tons in this year’s second quarter, 4 percent more than a year earlier and the most in any three-month period since 2000 when the World Gold Council (WGC) began tracking sales.