As we had long forecast, President Trump will keep pushing the Federal Reserve to lower interest rates. After the U.S. Bureau of Labor Statistics reported the U.S. economy added 139,000 jobs in May—more than expected—Donald Trump took to social media to demand that the U.S. Federal Reserve and its Chairman Jerome Powell lower the central bank’s interest rate.
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
Donald Trump and Jerome Powell, chair of the U.S. Federal Reserve, met for about 30 minutes on 29 May at Trump’s invitation, the White House press office said.
The U.S. Federal Reserve’s favorite measure of inflation showed prices rose at a 2.1-percent annual rate in April, next door to the Fed’s long-held 2-percent target rate.
U.S. banks are loaning more and more money to private credit lenders and private equity firms that can use the money for high-risk or speculative investments, leading regulators to worry about the growing tie between the two sectors.
The “big beautiful” tax cut proposal working its way through Congress will give U.S. households more money, although anywhere from 60 to more than 80 percent will flow to the richest 1 percent of Americans, various analysts have estimated.
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
Bank OZK, based in Arkansas, made its way into big-time banking with what The Wall Street Journal called its “obsessive focus” on taking part in major loans to large office projects.
Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”